GVPIX vs. SMPIX
GVPIX (ProFunds U.S. Government Plus ProFund) and SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) are both mutual funds - GVPIX is a Leveraged Bonds fund managed by ProFunds, while SMPIX is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (150% Daily). Over the past 10 years, GVPIX returned -6.16%/yr vs 15.52%/yr for SMPIX. Their -0.20 correlation means they have often moved in opposite directions in the past. GVPIX charges 1.41%/yr vs 1.52%/yr for SMPIX.
Performance
GVPIX vs. SMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GVPIX achieves a -5.62% return, which is significantly lower than SMPIX's 39.91% return. Over the past 10 years, GVPIX has underperformed SMPIX with an annualized return of -6.16%, while SMPIX has yielded a comparatively higher 15.52% annualized return.
GVPIX
- 1D
- -0.17%
- 1M
- -4.07%
- 6M
- -4.71%
- YTD
- -5.62%
- 1Y
- -4.73%
- 3Y*
- -6.71%
- 5Y*
- -13.86%
- 10Y*
- -6.16%
- ALL TIME*
- 1.23%
SMPIX
- 1D
- 9.88%
- 1M
- -7.95%
- 6M
- 28.85%
- YTD
- 39.91%
- 1Y
- 72.46%
- 3Y*
- -17.82%
- 5Y*
- -4.21%
- 10Y*
- 15.52%
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GVPIX vs. SMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVPIX ProFunds U.S. Government Plus ProFund | -5.62% | 1.62% | -14.10% | -1.95% | -41.27% | -7.66% | 20.67% | 18.36% | -5.23% | 9.92% |
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 39.91% | 56.35% | -77.32% | 155.37% | -54.31% | 80.17% | 60.77% | 77.97% | -17.56% | 42.78% |
Correlation
The correlation between GVPIX and SMPIX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.21 |
The correlation between GVPIX and SMPIX shifts across timeframes, from -0.20 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GVPIX vs. SMPIX — Risk / Return Rank
GVPIX
SMPIX
GVPIX vs. SMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds U.S. Government Plus ProFund (GVPIX) and ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX). 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.
| GVPIX | SMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.10 | -2.38 |
| Martin ratioReturn relative to average drawdown | -0.59 | 6.67 | -7.26 |
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Drawdowns
GVPIX vs. SMPIX - Drawdown Comparison
The maximum GVPIX drawdown since its inception was -64.42%, smaller than the maximum SMPIX drawdown of -94.52%. Use the drawdown chart below to compare losses from any high point for GVPIX and SMPIX.
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Drawdown Indicators
| GVPIX | SMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.42% | -94.52% | +30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -30.07% | +19.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | -94.52% | +74.14% |
Max Drawdown (5Y)Largest decline over 5 years | -56.38% | -94.52% | +38.14% |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | -94.52% | +30.10% |
Current DrawdownCurrent decline from peak | -63.59% | -78.88% | +15.29% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -57.72% | +34.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 9.44% | -4.43% |
Volatility
GVPIX vs. SMPIX - Volatility Comparison
The current volatility for ProFunds U.S. Government Plus ProFund (GVPIX) is 2.93%, while ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a volatility of 22.34%. This indicates that GVPIX experiences smaller price fluctuations and is considered to be less risky than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVPIX | SMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 22.34% | -19.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 46.42% | -38.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 56.21% | -45.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 72.24% | -52.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 60.04% | -40.39% |
GVPIX vs. SMPIX - Expense Ratio Comparison
GVPIX has a 1.41% expense ratio, which is lower than SMPIX's 1.52% expense ratio.
Dividends
GVPIX vs. SMPIX - Dividend Comparison
GVPIX's dividend yield for the trailing twelve months is around 2.09%, less than SMPIX's 9.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVPIX ProFunds U.S. Government Plus ProFund | 2.09% | 2.69% | 2.35% | 2.75% | 0.00% | 0.00% | 0.05% | 0.84% | 0.65% | 0.00% | 0.00% | 0.00% |
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 9.30% | 13.02% | 0.16% | 0.00% | 0.00% | 6.57% | 0.00% | 2.26% | 40.03% | 0.11% | 0.45% | 0.68% |
Frequently Asked Questions
GVPIX and SMPIX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMPIX has higher volatility (22.34%) compared to GVPIX (2.93%). In terms of maximum drawdown, GVPIX dropped -64.42% vs SMPIX's -94.52%.
SMPIX currently has the higher Sharpe Ratio (1.12 vs -0.27), 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.
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