IXN vs. ULPIX
IXN (iShares Global Tech ETF) and ULPIX (ProFunds UltraBull Fund) are both funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while ULPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, IXN returned 25.57%/yr vs 22.96%/yr for ULPIX. Their correlation of 0.82 suggests significant overlap in exposure. IXN charges 0.46%/yr vs 1.46%/yr for ULPIX.
Performance
IXN vs. ULPIX - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 41.18% return, which is significantly higher than ULPIX's 20.77% return. Over the past 10 years, IXN has outperformed ULPIX with an annualized return of 25.57%, while ULPIX has yielded a comparatively lower 22.96% annualized return.
IXN
- 1D
- -1.00%
- 1M
- 21.36%
- YTD
- 41.18%
- 6M
- 41.72%
- 1Y
- 74.57%
- 3Y*
- 36.05%
- 5Y*
- 23.25%
- 10Y*
- 25.57%
ULPIX
- 1D
- 0.25%
- 1M
- 11.31%
- YTD
- 20.77%
- 6M
- 20.35%
- 1Y
- 54.19%
- 3Y*
- 35.90%
- 5Y*
- 18.94%
- 10Y*
- 22.96%
IXN vs. ULPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 41.18% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
ULPIX ProFunds UltraBull Fund | 20.77% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
Correlation
The correlation between IXN and ULPIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.82 |
The correlation between IXN and ULPIX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
IXN vs. ULPIX — Risk / Return Rank
IXN
ULPIX
IXN vs. ULPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and ProFunds UltraBull Fund (ULPIX). 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.
| IXN | ULPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 3.07 | +2.36 |
| Martin ratioReturn relative to average drawdown | 18.73 | 13.50 | +5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IXN | ULPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 2.37 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.56 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.65 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.25 | +0.29 |
Drawdowns
IXN vs. ULPIX - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum ULPIX drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for IXN and ULPIX.
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Drawdown Indicators
| IXN | ULPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -89.68% | +34.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -18.30% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -36.59% | +11.04% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -46.92% | +10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -59.41% | +23.11% |
Current DrawdownCurrent decline from peak | -1.00% | 0.00% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -33.84% | +22.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 4.16% | -0.17% |
Volatility
IXN vs. ULPIX - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 7.95% compared to ProFunds UltraBull Fund (ULPIX) at 5.62%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXN | ULPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 5.62% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 17.92% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 23.69% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 33.91% | -9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 35.45% | -11.05% |
IXN vs. ULPIX - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is lower than ULPIX's 1.46% expense ratio.
Dividends
IXN vs. ULPIX - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.74%, less than ULPIX's 7.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.74% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
ULPIX ProFunds UltraBull Fund | 7.54% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IXN and ULPIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (7.95%) compared to ULPIX (5.62%). In terms of maximum drawdown, IXN dropped -55.67% vs ULPIX's -89.68%.
IXN currently has the higher Sharpe Ratio (3.41 vs 2.37), 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.
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