HCPIX vs. CNPIX

Last updated Aug 1, 2026

HCPIX (ProFunds UltraSector Health Care Fund) and CNPIX (ProFunds Consumer Goods UltraSector Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, HCPIX returned 9.09%/yr vs 13.71%/yr for CNPIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. HCPIX charges 1.61%/yr vs 1.78%/yr for CNPIX.

Performance

HCPIX vs. CNPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds Consumer Goods UltraSector Fund (CNPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCPIX achieves a 6.90% return, which is significantly lower than CNPIX's 13.66% return. Over the past 10 years, HCPIX has underperformed CNPIX with an annualized return of 9.09%, while CNPIX has yielded a comparatively higher 13.71% annualized return.

HCPIX

• 1D: -2.49%
• 1M: -0.91%
• 6M: 7.34%
• YTD: 6.90%
• 1Y: 35.92%
• 3Y*: 7.51%
• 5Y*: 2.99%
• 10Y*: 9.09%
• ALL TIME*: 7.35%

CNPIX

• 1D: -3.18%
• 1M: 0.25%
• 6M: 2.50%
• YTD: 13.66%
• 1Y: 8.36%
• 3Y*: 4.64%
• 5Y*: -1.55%
• 10Y*: 13.71%
• ALL TIME*: 11.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNPIX ProFunds Consumer Goods UltraSector Fund	$0.00	$0.00	$0.00
HCPIX ProFunds UltraSector Health Care Fund	$0.00	$0.00	$0.00

HCPIX vs. CNPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCPIX ProFunds UltraSector Health Care Fund	6.90%	16.02%	-1.37%	-1.30%	-10.60%	33.92%	16.86%	28.41%	4.96%	19.48%
CNPIX ProFunds Consumer Goods UltraSector Fund	13.66%	-3.43%	12.77%	2.93%	-36.57%	26.52%	188.12%	40.51%	-22.66%	20.89%

Correlation

The correlation between HCPIX and CNPIX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.58
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.68

Over the past year, the correlation between HCPIX and CNPIX has dropped to 0.42 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

HCPIX vs. CNPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HCPIX

HCPIX Risk / Return Rank: 45
HCPIX Sharpe Ratio Rank: 46
HCPIX Sortino Ratio Rank: 54
HCPIX Omega Ratio Rank: 42
HCPIX Calmar Ratio Rank: 52
HCPIX Martin Ratio Rank: 30

CNPIX

CNPIX Risk / Return Rank: 10
CNPIX Sharpe Ratio Rank: 10
CNPIX Sortino Ratio Rank: 11
CNPIX Omega Ratio Rank: 10
CNPIX Calmar Ratio Rank: 12
CNPIX Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HCPIX vs. CNPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds Consumer Goods UltraSector Fund (CNPIX). 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.

	HCPIX	CNPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.37	+0.95
Sortino ratio: Return per unit of downside risk	2.06	0.68	+1.38
Omega ratio: Gain probability vs. loss probability	1.23	1.08	+0.15
Calmar ratio: Return relative to maximum drawdown	1.95	0.54	+1.41
Martin ratio: Return relative to average drawdown	4.56	0.89	+3.67

HCPIX vs. CNPIX - Sharpe Ratio Comparison

The current HCPIX Sharpe Ratio is 1.32, which is higher than the CNPIX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of HCPIX and CNPIX, 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

HCPIX vs. CNPIX - Drawdown Comparison

The maximum HCPIX drawdown since its inception was -64.90%, which is greater than CNPIX's maximum drawdown of -60.04%. Use the drawdown chart below to compare losses from any high point for HCPIX and CNPIX.

Drawdown Indicators

	HCPIX	CNPIX	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-60.04%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-14.47%	-1.65%
Max Drawdown (3Y) Largest decline over 3 years	-27.68%	-17.55%	-10.13%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-45.40%	+17.72%
Max Drawdown (10Y) Largest decline over 10 years	-40.66%	-46.56%	+5.90%
Current Drawdown Current decline from peak	-3.39%	-23.32%	+19.93%
Average Drawdown Average peak-to-trough decline	-20.91%	-13.03%	-7.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.91%	8.75%	-1.84%

Volatility

HCPIX vs. CNPIX - Volatility Comparison

ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds Consumer Goods UltraSector Fund (CNPIX) have volatilities of 9.19% and 9.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCPIX	CNPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	9.03%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	18.15%	17.36%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	23.92%	21.15%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	24.11%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.17%	40.50%	-15.33%

HCPIX vs. CNPIX - Expense Ratio Comparison

HCPIX has a 1.61% expense ratio, which is lower than CNPIX's 1.78% expense ratio.

Dividends

HCPIX vs. CNPIX - Dividend Comparison

HCPIX's dividend yield for the trailing twelve months is around 0.16%, less than CNPIX's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNPIX ProFunds Consumer Goods UltraSector Fund	0.53%	0.60%	1.55%	1.59%	0.00%	1.45%	0.00%	2.77%	1.64%	0.07%	0.00%	0.50%
HCPIX ProFunds UltraSector Health Care Fund	0.16%	0.17%	0.82%	0.26%	0.00%	0.00%	0.00%	0.05%	0.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCPIX and CNPIX in my portfolio?

HCPIX and CNPIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HCPIX or CNPIX?

HCPIX has higher volatility (9.19%) compared to CNPIX (9.03%). In terms of maximum drawdown, HCPIX dropped -64.90% vs CNPIX's -60.04%.

Which has better risk-adjusted returns?

HCPIX currently has the higher Sharpe Ratio (1.32 vs 0.37), 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.