QCOM vs. SMPIX
QCOM (QUALCOMM Incorporated) is a stock, while SMPIX (ProFunds Semiconductor UltraSector Fund) is Leveraged Equities fund managed by ProFunds. Over the past 10 years, QCOM returned 18.41%/yr vs 19.12%/yr for SMPIX. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
QCOM vs. SMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, QCOM achieves a 30.40% return, which is significantly lower than SMPIX's 64.10% return. Both investments have delivered pretty close results over the past 10 years, with QCOM having a 18.41% annualized return and SMPIX not far ahead at 19.12%.
QCOM
- 1D
- 4.29%
- 1M
- 9.99%
- YTD
- 30.40%
- 6M
- 24.43%
- 1Y
- 45.72%
- 3Y*
- 24.31%
- 5Y*
- 12.76%
- 10Y*
- 18.41%
SMPIX
- 1D
- 1.30%
- 1M
- 2.63%
- YTD
- 64.10%
- 6M
- 74.65%
- 1Y
- 154.32%
- 3Y*
- -10.34%
- 5Y*
- 0.33%
- 10Y*
- 19.12%
QCOM vs. SMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QCOM QUALCOMM Incorporated | 30.40% | 13.84% | 8.31% | 35.07% | -38.58% | 22.25% | 77.08% | 60.76% | -7.59% | 2.05% |
SMPIX ProFunds Semiconductor UltraSector Fund | 64.10% | 56.35% | -77.32% | 155.37% | -54.31% | 80.17% | 60.77% | 77.97% | -17.56% | 42.78% |
Correlation
The correlation between QCOM and SMPIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.66 |
Over the past year, the correlation between QCOM and SMPIX has dropped to 0.40 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
QCOM vs. SMPIX — Risk / Return Rank
QCOM
SMPIX
QCOM vs. SMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QUALCOMM Incorporated (QCOM) and ProFunds Semiconductor UltraSector Fund (SMPIX). 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.
| QCOM | SMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 6.44 | -5.06 |
| Martin ratioReturn relative to average drawdown | 3.08 | 18.72 | -15.64 |
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Drawdowns
QCOM vs. SMPIX - Drawdown Comparison
The maximum QCOM drawdown since its inception was -86.75%, smaller than the maximum SMPIX drawdown of -94.52%. Use the drawdown chart below to compare losses from any high point for QCOM and SMPIX.
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Drawdown Indicators
| QCOM | SMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.75% | -94.52% | +7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -33.13% | -22.72% | -10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -44.23% | -94.52% | +50.29% |
Max Drawdown (5Y)Largest decline over 5 years | -44.29% | -94.52% | +50.23% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -94.52% | +50.23% |
Current DrawdownCurrent decline from peak | -11.71% | -75.23% | +63.52% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -57.63% | +24.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.90% | 7.81% | +7.09% |
Volatility
QCOM vs. SMPIX - Volatility Comparison
QUALCOMM Incorporated (QCOM) has a higher volatility of 26.79% compared to ProFunds Semiconductor UltraSector Fund (SMPIX) at 22.44%. This indicates that QCOM's price experiences larger fluctuations and is considered to be riskier than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCOM | SMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.79% | 22.44% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 42.38% | 39.97% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.72% | 49.82% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.22% | 71.25% | -30.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 59.50% | -20.19% |
Dividends
QCOM vs. SMPIX - Dividend Comparison
QCOM's dividend yield for the trailing twelve months is around 1.63%, less than SMPIX's 7.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCOM QUALCOMM Incorporated | 1.63% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
SMPIX ProFunds Semiconductor UltraSector Fund | 7.93% | 13.02% | 0.16% | 0.00% | 0.00% | 6.57% | 0.00% | 2.26% | 40.03% | 0.11% | 0.45% | 0.68% |
Frequently Asked Questions
QCOM and SMPIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCOM has higher volatility (26.79%) compared to SMPIX (22.44%). In terms of maximum drawdown, QCOM dropped -86.75% vs SMPIX's -94.52%.
SMPIX currently has the higher Sharpe Ratio (2.94 vs 0.94), 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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