FNPIX vs. XLK
Compare and contrast key facts about ProFunds Financials UltraSector Fund (FNPIX) and Technology Select Sector SPDR Fund (XLK).
FNPIX is managed by ProFunds. It was launched on Jun 18, 2000. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNPIX or XLK.
Key characteristics
| FNPIX | XLK | |
|---|---|---|
| YTD Return | 17.08% | 10.86% |
| 1Y Return | 48.01% | 40.96% |
| 3Y Return (Ann) | 4.95% | 17.16% |
| 5Y Return (Ann) | 10.79% | 24.40% |
| 10Y Return (Ann) | 12.03% | 20.87% |
| Sharpe Ratio | 2.49 | 2.29 |
| Daily Std Dev | 18.39% | 17.99% |
| Max Drawdown | -93.14% | -82.05% |
| Current Drawdown | -0.51% | 0.00% |
Correlation
The correlation between FNPIX and XLK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNPIX vs. XLK - Performance Comparison
In the year-to-date period, FNPIX achieves a 17.08% return, which is significantly higher than XLK's 10.86% return. Over the past 10 years, FNPIX has underperformed XLK with an annualized return of 12.03%, while XLK has yielded a comparatively higher 20.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNPIX vs. XLK - Expense Ratio Comparison
FNPIX has a 1.72% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FNPIX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Financials UltraSector Fund (FNPIX) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
FNPIX vs. XLK - Dividend Comparison
FNPIX's dividend yield for the trailing twelve months is around 0.21%, less than XLK's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNPIX ProFunds Financials UltraSector Fund | 0.21% | 0.25% | 0.00% | 7.18% | 0.00% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.70% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FNPIX vs. XLK - Drawdown Comparison
The maximum FNPIX drawdown since its inception was -93.14%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FNPIX and XLK. For additional features, visit the drawdowns tool.
Volatility
FNPIX vs. XLK - Volatility Comparison
The current volatility for ProFunds Financials UltraSector Fund (FNPIX) is 3.98%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.00%. This indicates that FNPIX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.