OTPIX vs. IVV
OTPIX (ProFunds NASDAQ-100 Fund) and IVV (iShares Core S&P 500 ETF) are both funds - OTPIX is a Large Cap Growth Equities fund managed by ProFunds, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, OTPIX returned 21.54%/yr vs 15.54%/yr for IVV. Their correlation of 0.87 suggests significant overlap in exposure. OTPIX charges 1.48%/yr vs 0.03%/yr for IVV.
Performance
OTPIX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, OTPIX achieves a 20.74% return, which is significantly higher than IVV's 10.85% return. Over the past 10 years, OTPIX has outperformed IVV with an annualized return of 21.54%, while IVV has yielded a comparatively lower 15.54% annualized return.
OTPIX
- 1D
- 0.48%
- 1M
- 10.77%
- YTD
- 20.74%
- 6M
- 18.96%
- 1Y
- 39.76%
- 3Y*
- 26.33%
- 5Y*
- 20.08%
- 10Y*
- 21.54%
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
OTPIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 20.74% | 18.08% | 23.19% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between OTPIX and IVV is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2000 | 0.87 |
The correlation between OTPIX and IVV has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
OTPIX vs. IVV — Risk / Return Rank
OTPIX
IVV
OTPIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) and iShares Core S&P 500 ETF (IVV). 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.
| OTPIX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.17 | +0.11 |
| Martin ratioReturn relative to average drawdown | 12.33 | 14.71 | -2.38 |
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
| OTPIX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.39 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.83 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.86 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.45 | -0.28 |
Drawdowns
OTPIX vs. IVV - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -78.93%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for OTPIX and IVV.
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Drawdown Indicators
| OTPIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.93% | -55.25% | -23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -8.89% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -78.93% | -18.75% | -60.18% |
Max Drawdown (5Y)Largest decline over 5 years | -78.93% | -24.53% | -54.40% |
Max Drawdown (10Y)Largest decline over 10 years | -78.93% | -33.90% | -45.03% |
Current DrawdownCurrent decline from peak | -62.93% | -0.76% | -62.17% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -10.78% | -11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 1.91% | +1.41% |
Volatility
OTPIX vs. IVV - Volatility Comparison
ProFunds NASDAQ-100 Fund (OTPIX) has a higher volatility of 4.50% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that OTPIX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTPIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.87% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 8.90% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 11.80% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 139.67% | 16.88% | +122.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.88% | 18.05% | +81.83% |
OTPIX vs. IVV - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
OTPIX vs. IVV - Dividend Comparison
OTPIX's dividend yield for the trailing twelve months is around 1.43%, more than IVV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
OTPIX ProFunds NASDAQ-100 Fund | 1.43% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, OTPIX and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
OTPIX has higher volatility (4.50%) compared to IVV (2.87%). In terms of maximum drawdown, OTPIX dropped -78.93% vs IVV's -55.25%.
OTPIX currently has the higher Sharpe Ratio (2.56 vs 2.39), 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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