HCPIX vs. UDPIX
HCPIX (ProFunds UltraSector Health Care Fund) and UDPIX (ProFunds Ultra Dow 30 ProFund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, HCPIX returned 9.09%/yr vs 20.59%/yr for UDPIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. HCPIX charges 1.61%/yr vs 1.54%/yr for UDPIX.
Performance
HCPIX vs. UDPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HCPIX achieves a 6.90% return, which is significantly lower than UDPIX's 14.63% return. Over the past 10 years, HCPIX has underperformed UDPIX with an annualized return of 9.09%, while UDPIX has yielded a comparatively higher 20.59% 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%
UDPIX
- 1D
- 2.36%
- 1M
- -3.08%
- 6M
- 11.31%
- YTD
- 14.63%
- 1Y
- 37.09%
- 3Y*
- 21.53%
- 5Y*
- 13.56%
- 10Y*
- 20.59%
- ALL TIME*
- 12.10%
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 |
HCPIX vs. UDPIX - 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% |
UDPIX ProFunds Ultra Dow 30 ProFund | 14.63% | 19.96% | 18.13% | 23.94% | -19.89% | 52.21% | 15.74% | 47.47% | -13.82% | 54.86% |
Correlation
The correlation between HCPIX and UDPIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | 0.75 |
Over the past year, the correlation between HCPIX and UDPIX has dropped to 0.45 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
HCPIX vs. UDPIX — Risk / Return Rank
HCPIX
UDPIX
HCPIX vs. UDPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds Ultra Dow 30 ProFund (UDPIX). 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 | UDPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.64 | +0.31 |
| Martin ratioReturn relative to average drawdown | 4.56 | 6.02 | -1.46 |
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Drawdowns
HCPIX vs. UDPIX - Drawdown Comparison
The maximum HCPIX drawdown since its inception was -64.90%, smaller than the maximum UDPIX drawdown of -81.97%. Use the drawdown chart below to compare losses from any high point for HCPIX and UDPIX.
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Drawdown Indicators
| HCPIX | UDPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.90% | -81.97% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -19.37% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -33.41% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -40.44% | +12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -63.40% | +22.74% |
Current DrawdownCurrent decline from peak | -3.39% | -3.65% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -17.47% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 5.29% | +1.62% |
Volatility
HCPIX vs. UDPIX - Volatility Comparison
ProFunds UltraSector Health Care Fund (HCPIX) has a higher volatility of 9.19% compared to ProFunds Ultra Dow 30 ProFund (UDPIX) at 7.48%. This indicates that HCPIX's price experiences larger fluctuations and is considered to be riskier than UDPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCPIX | UDPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 7.48% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.15% | 19.71% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.92% | 25.14% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 30.11% | -7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 35.13% | -9.96% |
HCPIX vs. UDPIX - Expense Ratio Comparison
HCPIX has a 1.61% expense ratio, which is higher than UDPIX's 1.54% expense ratio.
Dividends
HCPIX vs. UDPIX - Dividend Comparison
HCPIX's dividend yield for the trailing twelve months is around 0.16%, less than UDPIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UDPIX ProFunds Ultra Dow 30 ProFund | 3.40% | 3.90% | 0.00% | 0.95% | 0.00% | 13.43% | 14.53% | 1.96% | 0.93% | 0.02% |
Frequently Asked Questions
HCPIX and UDPIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCPIX has higher volatility (9.19%) compared to UDPIX (7.48%). In terms of maximum drawdown, HCPIX dropped -64.90% vs UDPIX's -81.97%.
HCPIX currently has the higher Sharpe Ratio (1.32 vs 1.27), 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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