ENPIX vs. OEPIX

Last updated Jun 23, 2026

ENPIX (ProFunds UltraSector Oil & Gas Fund) and OEPIX (Oil Equipment & Services UltraSector ProFund) are both mutual funds - ENPIX is a Leveraged Equities fund managed by ProFunds, while OEPIX is a Energy Equities fund managed by ProFunds. Over the past 10 years, ENPIX returned 5.61%/yr vs -10.29%/yr for OEPIX. Their correlation of 0.90 suggests significant overlap in exposure. ENPIX charges 1.51%/yr vs 1.65%/yr for OEPIX.

Performance

ENPIX vs. OEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSector Oil & Gas Fund (ENPIX) and Oil Equipment & Services UltraSector ProFund (OEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENPIX achieves a 29.13% return, which is significantly lower than OEPIX's 58.90% return. Over the past 10 years, ENPIX has outperformed OEPIX with an annualized return of 5.61%, while OEPIX has yielded a comparatively lower -10.29% annualized return.

ENPIX

• 1D: -2.53%
• 1M: -14.49%
• YTD: 29.13%
• 6M: 31.18%
• 1Y: 31.34%
• 3Y*: 13.80%
• 5Y*: 22.78%
• 10Y*: 5.61%

OEPIX

• 1D: -2.47%
• 1M: -18.44%
• YTD: 58.90%
• 6M: 59.99%
• 1Y: 107.99%
• 3Y*: 15.53%
• 5Y*: 12.75%
• 10Y*: -10.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENPIX vs. OEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENPIX ProFunds UltraSector Oil & Gas Fund	29.13%	4.99%	2.30%	-7.46%	92.17%	82.32%	-53.71%	10.35%	-30.54%	-5.59%
OEPIX Oil Equipment & Services UltraSector ProFund	58.90%	-1.85%	-15.41%	-3.76%	88.50%	14.90%	-67.53%	-4.45%	-58.58%	-22.70%

Correlation

The correlation between ENPIX and OEPIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 5, 2006	0.90

The correlation between ENPIX and OEPIX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENPIX vs. OEPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPIX

ENPIX Risk / Return Rank: 17
ENPIX Sharpe Ratio Rank: 16
ENPIX Sortino Ratio Rank: 15
ENPIX Omega Ratio Rank: 14
ENPIX Calmar Ratio Rank: 20
ENPIX Martin Ratio Rank: 19

OEPIX

OEPIX Risk / Return Rank: 70
OEPIX Sharpe Ratio Rank: 71
OEPIX Sortino Ratio Rank: 50
OEPIX Omega Ratio Rank: 45
OEPIX Calmar Ratio Rank: 93
OEPIX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENPIX vs. OEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and Oil Equipment & Services UltraSector ProFund (OEPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ENPIX	OEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.26	-1.19
Sortino ratio: Return per unit of downside risk	1.53	2.74	-1.21
Omega ratio: Gain probability vs. loss probability	1.19	1.34	-0.15
Calmar ratio: Return relative to maximum drawdown	1.55	4.75	-3.21
Martin ratio: Return relative to average drawdown	4.65	16.76	-12.11

ENPIX vs. OEPIX - Sharpe Ratio Comparison

The current ENPIX Sharpe Ratio is 1.07, which is lower than the OEPIX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ENPIX and OEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENPIX vs. OEPIX - Drawdown Comparison

The maximum ENPIX drawdown since its inception was -90.12%, smaller than the maximum OEPIX drawdown of -98.94%. Use the drawdown chart below to compare losses from any high point for ENPIX and OEPIX.

Drawdown Indicators

	ENPIX	OEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-98.94%	+8.82%
Max Drawdown (1Y) Largest decline over 1 year	-21.66%	-22.19%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-65.50%	+33.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-65.50%	+29.02%
Max Drawdown (10Y) Largest decline over 10 years	-84.54%	-96.69%	+12.15%
Current Drawdown Current decline from peak	-21.66%	-91.76%	+70.10%
Average Drawdown Average peak-to-trough decline	-36.86%	-70.98%	+34.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.18%	6.34%	+0.84%

Volatility

ENPIX vs. OEPIX - Volatility Comparison

The current volatility for ProFunds UltraSector Oil & Gas Fund (ENPIX) is 10.66%, while Oil Equipment & Services UltraSector ProFund (OEPIX) has a volatility of 15.15%. This indicates that ENPIX experiences smaller price fluctuations and is considered to be less risky than OEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENPIX	OEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	15.15%	-4.49%
Volatility (6M) Calculated over the trailing 6-month period	25.45%	30.96%	-5.51%
Volatility (1Y) Calculated over the trailing 1-year period	31.37%	46.71%	-15.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.82%	56.81%	-17.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.73%	62.29%	-17.56%

ENPIX vs. OEPIX - Expense Ratio Comparison

ENPIX has a 1.51% expense ratio, which is lower than OEPIX's 1.65% expense ratio.

Dividends

ENPIX vs. OEPIX - Dividend Comparison

ENPIX's dividend yield for the trailing twelve months is around 2.14%, more than OEPIX's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPIX ProFunds UltraSector Oil & Gas Fund	2.14%	2.76%	3.19%	0.87%	2.76%	1.59%	1.76%	1.34%	1.76%	0.84%	0.57%	0.56%
OEPIX Oil Equipment & Services UltraSector ProFund	0.55%	0.87%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%	2.56%	2.36%	0.05%	0.00%

Frequently Asked Questions

Can I hold both ENPIX and OEPIX in my portfolio?

ENPIX and OEPIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENPIX or OEPIX?

OEPIX has higher volatility (15.15%) compared to ENPIX (10.66%). In terms of maximum drawdown, ENPIX dropped -90.12% vs OEPIX's -98.94%.

Which has better risk-adjusted returns?

OEPIX currently has the higher Sharpe Ratio (2.26 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.