IPX vs. UPRO
Compare and contrast key facts about IperionX Limited American Depositary Share (IPX) and ProShares UltraPro S&P 500 (UPRO).
UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPX or UPRO.
Correlation
The correlation between IPX and UPRO is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IPX vs. UPRO - Performance Comparison
Key characteristics
IPX:
0.62
UPRO:
-0.10
IPX:
1.31
UPRO:
0.25
IPX:
1.17
UPRO:
1.04
IPX:
0.62
UPRO:
-0.11
IPX:
1.76
UPRO:
-0.45
IPX:
23.31%
UPRO:
12.44%
IPX:
66.86%
UPRO:
56.15%
IPX:
-65.86%
UPRO:
-76.82%
IPX:
-48.03%
UPRO:
-41.17%
Returns By Period
In the year-to-date period, IPX achieves a -42.56% return, which is significantly lower than UPRO's -34.10% return.
IPX
-42.56%
-1.74%
-14.90%
40.39%
N/A
N/A
UPRO
-34.10%
-24.19%
-35.14%
-3.09%
26.65%
18.07%
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Risk-Adjusted Performance
IPX vs. UPRO — Risk-Adjusted Performance Rank
IPX
UPRO
IPX vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IperionX Limited American Depositary Share (IPX) and ProShares UltraPro S&P 500 (UPRO). 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
IPX vs. UPRO - Dividend Comparison
IPX has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 1.52%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPX IperionX Limited American Depositary Share | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 1.52% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% |
Drawdowns
IPX vs. UPRO - Drawdown Comparison
The maximum IPX drawdown since its inception was -65.86%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for IPX and UPRO. For additional features, visit the drawdowns tool.
Volatility
IPX vs. UPRO - Volatility Comparison
The current volatility for IperionX Limited American Depositary Share (IPX) is 27.90%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 39.53%. This indicates that IPX experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.