OEPIX vs. AWTAX

Last updated Apr 1, 2026

Compare and contrast key facts about Oil Equipment & Services UltraSector ProFund (OEPIX) and Virtus Water Fund (AWTAX).

OEPIX is managed by ProFunds. It was launched on Jun 4, 2006. AWTAX is managed by Allianz. It was launched on Mar 30, 2008.

Performance

OEPIX vs. AWTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oil Equipment & Services UltraSector ProFund (OEPIX) and Virtus Water Fund (AWTAX). The values are adjusted to include any dividend payments, if applicable.

OEPIX vs. AWTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OEPIX Oil Equipment & Services UltraSector ProFund	65.25%	-1.85%	-15.41%	-3.76%	88.50%	14.90%	-91.88%	-4.45%	-58.58%	-22.70%
AWTAX Virtus Water Fund	-2.95%	11.87%	5.25%	11.99%	-21.01%	25.39%	16.68%	32.78%	-12.50%	21.99%

Returns By Period

In the year-to-date period, OEPIX achieves a 65.25% return, which is significantly higher than AWTAX's -2.95% return. Over the past 10 years, OEPIX has underperformed AWTAX with an annualized return of -20.24%, while AWTAX has yielded a comparatively higher 7.71% annualized return.

OEPIX

• 1D: -4.86%
• 1M: 3.27%
• YTD: 65.25%
• 6M: 96.48%
• 1Y: 90.65%
• 3Y*: 15.75%
• 5Y*: 17.42%
• 10Y*: -20.24%

AWTAX

• 1D: 0.77%
• 1M: -10.19%
• YTD: -2.95%
• 6M: -4.73%
• 1Y: 7.28%
• 3Y*: 6.88%
• 5Y*: 3.78%
• 10Y*: 7.71%

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

OEPIX vs. AWTAX - Expense Ratio Comparison

OEPIX has a 1.65% expense ratio, which is higher than AWTAX's 1.22% expense ratio.

OEPIX

Oil Equipment & Services UltraSector ProFund

AWTAX

Virtus Water Fund

Return for Risk

OEPIX vs. AWTAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OEPIX

OEPIX Risk / Return Rank: 76
OEPIX Sharpe Ratio Rank: 82
OEPIX Sortino Ratio Rank: 79
OEPIX Omega Ratio Rank: 76
OEPIX Calmar Ratio Rank: 86
OEPIX Martin Ratio Rank: 58

AWTAX

AWTAX Risk / Return Rank: 19
AWTAX Sharpe Ratio Rank: 19
AWTAX Sortino Ratio Rank: 18
AWTAX Omega Ratio Rank: 16
AWTAX Calmar Ratio Rank: 21
AWTAX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OEPIX vs. AWTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oil Equipment & Services UltraSector ProFund (OEPIX) and Virtus Water Fund (AWTAX). 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.

	OEPIX	AWTAX	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.51	+1.01
Sortino ratio Return per unit of downside risk	1.97	0.81	+1.16
Omega ratio Gain probability vs. loss probability	1.29	1.10	+0.19
Calmar ratio Return relative to maximum drawdown	2.18	0.62	+1.55
Martin ratio Return relative to average drawdown	5.61	2.11	+3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OEPIX vs. AWTAX - Sharpe Ratio Comparison

The current OEPIX Sharpe Ratio is 1.52, which is higher than the AWTAX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of OEPIX and AWTAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OEPIX	AWTAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.51	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.22	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.30	0.45	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.31	-0.56

Correlation

The correlation between OEPIX and AWTAX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OEPIX vs. AWTAX - Dividend Comparison

OEPIX's dividend yield for the trailing twelve months is around 0.53%, less than AWTAX's 12.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OEPIX Oil Equipment & Services UltraSector ProFund	0.53%	0.87%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%	2.56%	2.36%	0.05%	0.00%
AWTAX Virtus Water Fund	12.29%	11.93%	7.78%	3.30%	0.42%	7.72%	1.61%	2.98%	3.71%	2.43%	0.99%	0.38%

Drawdowns

OEPIX vs. AWTAX - Drawdown Comparison

The maximum OEPIX drawdown since its inception was -99.30%, which is greater than AWTAX's maximum drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for OEPIX and AWTAX.

Drawdown Indicators

	OEPIX	AWTAX	Difference
Max Drawdown Largest peak-to-trough decline	-99.30%	-54.12%	-45.18%
Max Drawdown (1Y) Largest decline over 1 year	-39.36%	-10.95%	-28.41%
Max Drawdown (5Y) Largest decline over 5 years	-65.50%	-30.85%	-34.65%
Max Drawdown (10Y) Largest decline over 10 years	-97.79%	-32.78%	-65.01%
Current Drawdown Current decline from peak	-97.86%	-10.27%	-87.59%
Average Drawdown Average peak-to-trough decline	-71.84%	-9.92%	-61.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.28%	3.23%	+12.05%

Volatility

OEPIX vs. AWTAX - Volatility Comparison

Oil Equipment & Services UltraSector ProFund (OEPIX) has a higher volatility of 11.57% compared to Virtus Water Fund (AWTAX) at 4.84%. This indicates that OEPIX's price experiences larger fluctuations and is considered to be riskier than AWTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OEPIX	AWTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.57%	4.84%	+6.73%
Volatility (6M) Calculated over the trailing 6-month period	33.14%	8.94%	+24.20%
Volatility (1Y) Calculated over the trailing 1-year period	60.15%	14.71%	+45.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.70%	17.10%	+40.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.61%	17.26%	+49.35%