SGPIX vs. BIPIX

Last updated Jun 25, 2026

SGPIX (ProFunds Small Cap Growth Fund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - SGPIX is a Small Cap Growth Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SGPIX returned 9.15%/yr vs 10.20%/yr for BIPIX. A 0.64 correlation means they provide meaningful diversification when combined. SGPIX charges 1.60%/yr vs 1.49%/yr for BIPIX.

Performance

SGPIX vs. BIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Small Cap Growth Fund (SGPIX) and ProFunds Biotechnology UltraSector Fund (BIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGPIX achieves a 20.25% return, which is significantly lower than BIPIX's 28.34% return. Over the past 10 years, SGPIX has underperformed BIPIX with an annualized return of 9.15%, while BIPIX has yielded a comparatively higher 10.20% annualized return.

SGPIX

• 1D: -0.45%
• 1M: 5.32%
• YTD: 20.25%
• 6M: 16.50%
• 1Y: 28.15%
• 3Y*: 14.76%
• 5Y*: 3.15%
• 10Y*: 9.15%

BIPIX

• 1D: 1.11%
• 1M: 17.33%
• YTD: 28.34%
• 6M: 21.67%
• 1Y: 119.89%
• 3Y*: 13.25%
• 5Y*: 3.21%
• 10Y*: 10.20%

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

SGPIX vs. BIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGPIX ProFunds Small Cap Growth Fund	20.25%	3.52%	7.53%	15.35%	-22.72%	13.29%	17.43%	18.95%	-5.76%	12.73%
BIPIX ProFunds Biotechnology UltraSector Fund	28.34%	47.99%	-25.91%	9.55%	-13.43%	5.00%	19.94%	23.65%	-12.15%	34.71%

Correlation

The correlation between SGPIX and BIPIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.64

The correlation between SGPIX and BIPIX has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.

Return for Risk

SGPIX vs. BIPIX — Risk / Return Rank

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

SGPIX

SGPIX Risk / Return Rank: 54
SGPIX Sharpe Ratio Rank: 43
SGPIX Sortino Ratio Rank: 46
SGPIX Omega Ratio Rank: 39
SGPIX Calmar Ratio Rank: 79
SGPIX Martin Ratio Rank: 65

BIPIX

BIPIX Risk / Return Rank: 91
BIPIX Sharpe Ratio Rank: 96
BIPIX Sortino Ratio Rank: 85
BIPIX Omega Ratio Rank: 76
BIPIX Calmar Ratio Rank: 98
BIPIX Martin Ratio Rank: 97

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.

SGPIX vs. BIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Small Cap Growth Fund (SGPIX) and ProFunds Biotechnology UltraSector Fund (BIPIX). 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.

	SGPIX	BIPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	3.20	-1.54
Sortino ratio: Return per unit of downside risk	2.47	3.72	-1.25
Omega ratio: Gain probability vs. loss probability	1.29	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	3.23	8.38	-5.15
Martin ratio: Return relative to average drawdown	11.21	24.49	-13.28

SGPIX vs. BIPIX - Sharpe Ratio Comparison

The current SGPIX Sharpe Ratio is 1.66, which is lower than the BIPIX Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of SGPIX and BIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGPIX vs. BIPIX - Drawdown Comparison

The maximum SGPIX drawdown since its inception was -58.70%, smaller than the maximum BIPIX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for SGPIX and BIPIX.

Drawdown Indicators

	SGPIX	BIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.70%	-84.51%	+25.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-15.15%	+6.00%
Max Drawdown (3Y) Largest decline over 3 years	-27.72%	-59.50%	+31.78%
Max Drawdown (5Y) Largest decline over 5 years	-34.64%	-63.86%	+29.22%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-63.86%	+20.72%
Current Drawdown Current decline from peak	-0.45%	0.00%	-0.45%
Average Drawdown Average peak-to-trough decline	-11.24%	-37.16%	+25.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	5.18%	-2.54%

Volatility

SGPIX vs. BIPIX - Volatility Comparison

The current volatility for ProFunds Small Cap Growth Fund (SGPIX) is 5.32%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 14.94%. This indicates that SGPIX experiences smaller price fluctuations and is considered to be less risky than BIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGPIX	BIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	14.94%	-9.62%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	31.86%	-18.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.91%	39.70%	-21.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	40.01%	-18.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	36.47%	-14.13%

SGPIX vs. BIPIX - Expense Ratio Comparison

SGPIX has a 1.60% expense ratio, which is higher than BIPIX's 1.49% expense ratio.

Dividends

SGPIX vs. BIPIX - Dividend Comparison

SGPIX's dividend yield for the trailing twelve months is around 0.15%, less than BIPIX's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIPIX ProFunds Biotechnology UltraSector Fund	0.29%	0.37%	0.23%	6.69%	0.00%	0.79%	12.09%	3.26%	5.52%	7.19%	0.00%	0.00%
SGPIX ProFunds Small Cap Growth Fund	0.15%	0.18%	1.58%	0.80%	3.80%	2.06%	0.00%	0.00%	4.29%	0.00%	0.00%	2.58%

Frequently Asked Questions

Can I hold both SGPIX and BIPIX in my portfolio?

SGPIX and BIPIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGPIX or BIPIX?

BIPIX has higher volatility (14.94%) compared to SGPIX (5.32%). In terms of maximum drawdown, SGPIX dropped -58.70% vs BIPIX's -84.51%.

Which has better risk-adjusted returns?

BIPIX currently has the higher Sharpe Ratio (3.20 vs 1.66), 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.