PMPIX vs. GDX
Compare and contrast key facts about ProFunds Precious Metals UltraSector Fund (PMPIX) and VanEck Gold Miners ETF (GDX).
PMPIX is managed by ProFunds. It was launched on Jun 2, 2002. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
PMPIX vs. GDX - Performance Comparison
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PMPIX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | -0.39% | 273.51% | 5.35% | -1.78% | -20.47% | -14.71% | 28.27% | 72.99% | -21.10% | 6.55% |
GDX VanEck Gold Miners ETF | 7.00% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, PMPIX achieves a -0.39% return, which is significantly lower than GDX's 7.00% return. Both investments have delivered pretty close results over the past 10 years, with PMPIX having a 16.99% annualized return and GDX not far ahead at 17.53%.
PMPIX
- 1D
- -0.70%
- 1M
- -35.81%
- YTD
- -0.39%
- 6M
- 16.28%
- 1Y
- 139.44%
- 3Y*
- 50.72%
- 5Y*
- 24.38%
- 10Y*
- 16.99%
GDX
- 1D
- 6.97%
- 1M
- -20.78%
- YTD
- 7.00%
- 6M
- 20.99%
- 1Y
- 101.08%
- 3Y*
- 43.23%
- 5Y*
- 23.96%
- 10Y*
- 17.53%
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PMPIX vs. GDX - Expense Ratio Comparison
PMPIX has a 1.53% expense ratio, which is higher than GDX's 0.51% expense ratio.
Return for Risk
PMPIX vs. GDX — Risk / Return Rank
PMPIX
GDX
PMPIX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Precious Metals UltraSector Fund (PMPIX) and VanEck Gold Miners ETF (GDX). 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.
| PMPIX | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 2.21 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.27 | 2.45 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.34 | +0.05 |
Martin ratioReturn relative to average drawdown | 11.61 | 12.07 | -0.46 |
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
| PMPIX | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.21 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.67 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.47 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.14 | -0.06 |
Correlation
The correlation between PMPIX and GDX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PMPIX vs. GDX - Dividend Comparison
PMPIX's dividend yield for the trailing twelve months is around 0.43%, less than GDX's 0.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | 0.43% | 0.43% | 1.89% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Gold Miners ETF | 0.69% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Drawdowns
PMPIX vs. GDX - Drawdown Comparison
The maximum PMPIX drawdown since its inception was -94.34%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for PMPIX and GDX.
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Drawdown Indicators
| PMPIX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.34% | -80.34% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -41.66% | -30.84% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -61.05% | -46.51% | -14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -65.94% | -49.79% | -16.15% |
Current DrawdownCurrent decline from peak | -42.59% | -20.78% | -21.81% |
Average DrawdownAverage peak-to-trough decline | -59.86% | -40.61% | -19.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.13% | 8.52% | +3.61% |
Volatility
PMPIX vs. GDX - Volatility Comparison
ProFunds Precious Metals UltraSector Fund (PMPIX) has a higher volatility of 23.48% compared to VanEck Gold Miners ETF (GDX) at 18.51%. This indicates that PMPIX's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMPIX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.48% | 18.51% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 55.98% | 38.19% | +17.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.44% | 46.00% | +21.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.07% | 35.73% | +16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.81% | 37.44% | +15.37% |