LVPIX vs. ULPIX

Last updated Aug 1, 2026

LVPIX (ProFunds Large Cap Value ProFund) and ULPIX (ProFunds UltraBull Fund) are both mutual funds - LVPIX is a Large Cap Value Equities fund managed by ProFunds, while ULPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, LVPIX returned 9.61%/yr vs 21.47%/yr for ULPIX. Their correlation of 0.93 means they have usually moved in the same direction. LVPIX charges 1.71%/yr vs 1.46%/yr for ULPIX.

Performance

LVPIX vs. ULPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Large Cap Value ProFund (LVPIX) and ProFunds UltraBull Fund (ULPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVPIX achieves a 9.32% return, which is significantly lower than ULPIX's 14.19% return. Over the past 10 years, LVPIX has underperformed ULPIX with an annualized return of 9.61%, while ULPIX has yielded a comparatively higher 21.47% annualized return.

LVPIX

• 1D: -0.06%
• 1M: 0.64%
• 6M: 6.82%
• YTD: 9.32%
• 1Y: 19.33%
• 3Y*: 11.02%
• 5Y*: 9.09%
• 10Y*: 9.61%
• ALL TIME*: 7.77%

ULPIX

• 1D: 3.31%
• 1M: -1.63%
• 6M: 11.59%
• YTD: 14.19%
• 1Y: 34.71%
• 3Y*: 27.77%
• 5Y*: 15.45%
• 10Y*: 21.47%
• ALL TIME*: 9.31%

*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)
LVPIX ProFunds Large Cap Value ProFund	$0.00	$0.00	$0.00
ULPIX ProFunds UltraBull Fund	$0.00	$0.00	$0.00

LVPIX vs. ULPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVPIX ProFunds Large Cap Value ProFund	9.32%	11.31%	7.60%	19.78%	-6.86%	22.81%	-0.60%	29.32%	-10.35%	12.88%
ULPIX ProFunds UltraBull Fund	14.19%	25.47%	38.03%	45.59%	-39.16%	59.28%	19.12%	62.17%	-15.02%	42.77%

Correlation

The correlation between LVPIX and ULPIX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002	0.93

Over the past year, the correlation between LVPIX and ULPIX has dropped to 0.72 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

Return for Risk

LVPIX vs. ULPIX — Risk / Return Rank

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

LVPIX

LVPIX Risk / Return Rank: 74
LVPIX Sharpe Ratio Rank: 71
LVPIX Sortino Ratio Rank: 69
LVPIX Omega Ratio Rank: 68
LVPIX Calmar Ratio Rank: 79
LVPIX Martin Ratio Rank: 81

ULPIX

ULPIX Risk / Return Rank: 40
ULPIX Sharpe Ratio Rank: 39
ULPIX Sortino Ratio Rank: 37
ULPIX Omega Ratio Rank: 38
ULPIX Calmar Ratio Rank: 41
ULPIX Martin Ratio Rank: 47

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.

LVPIX vs. ULPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Large Cap Value ProFund (LVPIX) 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.

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.

	LVPIX	ULPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.15	+0.57
Sortino ratio: Return per unit of downside risk	2.42	1.63	+0.78
Omega ratio: Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio: Return relative to maximum drawdown	2.67	1.61	+1.06
Martin ratio: Return relative to average drawdown	10.21	6.47	+3.74

LVPIX vs. ULPIX - Sharpe Ratio Comparison

The current LVPIX Sharpe Ratio is 1.72, which is higher than the ULPIX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of LVPIX and ULPIX, 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

LVPIX vs. ULPIX - Drawdown Comparison

The maximum LVPIX drawdown since its inception was -62.54%, smaller than the maximum ULPIX drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for LVPIX and ULPIX.

Drawdown Indicators

	LVPIX	ULPIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.54%	-89.68%	+27.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-18.30%	+11.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	-36.59%	+16.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.80%	-46.92%	+27.12%
Max Drawdown (10Y) Largest decline over 10 years	-37.21%	-59.41%	+22.20%
Current Drawdown Current decline from peak	-0.95%	-5.45%	+4.50%
Average Drawdown Average peak-to-trough decline	-9.65%	-33.67%	+24.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	4.56%	-2.88%

Volatility

LVPIX vs. ULPIX - Volatility Comparison

The current volatility for ProFunds Large Cap Value ProFund (LVPIX) is 2.66%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 6.90%. This indicates that LVPIX experiences smaller price fluctuations and is considered to be less risky than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVPIX	ULPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	6.90%	-4.24%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	20.16%	-13.00%
Volatility (1Y) Calculated over the trailing 1-year period	9.96%	25.68%	-15.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	34.14%	-19.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	35.45%	-19.01%

LVPIX vs. ULPIX - Expense Ratio Comparison

LVPIX has a 1.71% expense ratio, which is higher than ULPIX's 1.46% expense ratio.

Dividends

LVPIX vs. ULPIX - Dividend Comparison

LVPIX's dividend yield for the trailing twelve months is around 3.96%, less than ULPIX's 7.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVPIX ProFunds Large Cap Value ProFund	3.96%	4.40%	0.00%	0.00%	0.17%	0.67%	0.00%	0.00%	3.93%	0.64%	0.22%	1.26%
ULPIX ProFunds UltraBull Fund	7.98%	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

Can I hold both LVPIX and ULPIX in my portfolio?

LVPIX and ULPIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVPIX or ULPIX?

ULPIX has higher volatility (6.90%) compared to LVPIX (2.66%). In terms of maximum drawdown, LVPIX dropped -62.54% vs ULPIX's -89.68%.

Which has better risk-adjusted returns?

LVPIX currently has the higher Sharpe Ratio (1.72 vs 1.15), 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.