PLGIX vs. SPXU
PLGIX (Principal LargeCap Growth Fund I) and SPXU (ProShares UltraPro Short S&P500) are both funds - PLGIX is a Large Cap Growth Equities fund managed by Principal, while SPXU is a S&P 500 fund tracking the S&P 500 Index (-300%). Over the past 10 years, PLGIX returned 18.96%/yr vs -41.16%/yr for SPXU. Their -0.92 correlation means they have often moved in opposite directions in the past. PLGIX charges 0.67%/yr vs 0.90%/yr for SPXU.
Performance
PLGIX vs. SPXU - Performance Comparison
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Returns By Period
In the year-to-date period, PLGIX achieves a -1.62% return, which is significantly higher than SPXU's -23.69% return. Over the past 10 years, PLGIX has outperformed SPXU with an annualized return of 18.96%, while SPXU has yielded a comparatively lower -41.16% annualized return.
PLGIX
- 1D
- 3.14%
- 1M
- -2.17%
- 6M
- 1.55%
- YTD
- -1.62%
- 1Y
- 2.16%
- 3Y*
- 29.13%
- 5Y*
- 13.82%
- 10Y*
- 18.96%
- ALL TIME*
- 9.97%
SPXU
- 1D
- -1.95%
- 1M
- -0.35%
- 6M
- -20.84%
- YTD
- -23.69%
- 1Y
- -41.18%
- 3Y*
- -38.93%
- 5Y*
- -32.80%
- 10Y*
- -41.16%
- ALL TIME*
- -42.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $315.61M | $306.13M | $365.79M |
PLGIX vs. SPXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLGIX Principal LargeCap Growth Fund I | -1.62% | 11.59% | 83.01% | 40.40% | -34.05% | 21.49% | 36.06% | 34.89% | 3.44% | 33.67% |
SPXU ProShares UltraPro Short S&P500 | -23.69% | -41.73% | -43.31% | -46.02% | 36.05% | -57.94% | -70.39% | -56.27% | 3.97% | -44.23% |
Correlation
The correlation between PLGIX and SPXU is -0.92, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.92 |
Correlation (3Y) Balances recent behavior with more history. | -0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009 | -0.92 |
The correlation between PLGIX and SPXU has been stable across timeframes, ranging from -0.93 to -0.90 - a consistent structural relationship.
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Return for Risk
PLGIX vs. SPXU — Risk / Return Rank
PLGIX
SPXU
PLGIX vs. SPXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LargeCap Growth Fund I (PLGIX) and ProShares UltraPro Short S&P500 (SPXU). 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.
| PLGIX | SPXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.84 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | -0.88 | +0.87 |
| Martin ratioReturn relative to average drawdown | -0.01 | -1.42 | +1.42 |
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Drawdowns
PLGIX vs. SPXU - Drawdown Comparison
The maximum PLGIX drawdown since its inception was -55.43%, smaller than the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for PLGIX and SPXU.
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Drawdown Indicators
| PLGIX | SPXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -99.99% | +44.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.32% | -43.83% | +25.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.39% | -84.36% | +62.97% |
Max Drawdown (5Y)Largest decline over 5 years | -40.63% | -90.23% | +49.60% |
Max Drawdown (10Y)Largest decline over 10 years | -40.63% | -99.56% | +58.93% |
Current DrawdownCurrent decline from peak | -7.56% | -99.99% | +92.43% |
Average DrawdownAverage peak-to-trough decline | -13.21% | -93.38% | +80.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | 26.91% | -20.59% |
Volatility
PLGIX vs. SPXU - Volatility Comparison
The current volatility for Principal LargeCap Growth Fund I (PLGIX) is 5.94%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 10.60%. This indicates that PLGIX experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLGIX | SPXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 10.60% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 30.38% | -16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 38.43% | -21.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 50.68% | -20.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 53.40% | -27.89% |
PLGIX vs. SPXU - Expense Ratio Comparison
PLGIX has a 0.67% expense ratio, which is lower than SPXU's 0.90% expense ratio.
Dividends
PLGIX vs. SPXU - Dividend Comparison
PLGIX's dividend yield for the trailing twelve months is around 14.69%, more than SPXU's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLGIX Principal LargeCap Growth Fund I | 14.69% | 14.45% | 63.77% | 5.99% | 11.57% | 11.34% | 7.03% | 8.01% | 16.41% | 7.05% | 4.64% | 12.51% |
SPXU ProShares UltraPro Short S&P500 | 6.80% | 7.02% | 9.53% | 7.06% | 0.39% | 0.00% | 0.70% | 2.14% | 1.41% | 0.10% | 0.00% | 0.00% |
Frequently Asked Questions
PLGIX and SPXU have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXU has higher volatility (10.60%) compared to PLGIX (5.94%). In terms of maximum drawdown, PLGIX dropped -55.43% vs SPXU's -99.99%.
PLGIX currently has the higher Sharpe Ratio (-0.00 vs -1.00), 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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