SGPIX vs. ETMGX
SGPIX (ProFunds Small Cap Growth Fund) and ETMGX (Eaton Vance Tax-Managed Small-Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, SGPIX returned 8.48%/yr vs 8.11%/yr for ETMGX. Their correlation of 0.93 means they have usually moved in the same direction. SGPIX charges 1.60%/yr vs 1.11%/yr for ETMGX.
Performance
SGPIX vs. ETMGX - Performance Comparison
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Returns By Period
In the year-to-date period, SGPIX achieves a 21.80% return, which is significantly higher than ETMGX's 8.51% return. Both investments have delivered pretty close results over the past 10 years, with SGPIX having a 8.48% annualized return and ETMGX not far behind at 8.11%.
SGPIX
- 1D
- 1.72%
- 1M
- -1.68%
- 6M
- 16.42%
- YTD
- 21.80%
- 1Y
- 30.36%
- 3Y*
- 11.94%
- 5Y*
- 3.50%
- 10Y*
- 8.48%
- ALL TIME*
- 8.08%
ETMGX
- 1D
- 0.00%
- 1M
- -0.43%
- 6M
- 4.68%
- YTD
- 8.51%
- 1Y
- 8.28%
- 3Y*
- 3.91%
- 5Y*
- 2.27%
- 10Y*
- 8.11%
- ALL TIME*
- 9.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SGPIX vs. ETMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGPIX ProFunds Small Cap Growth Fund | 21.80% | 3.52% | 7.53% | 15.35% | -22.72% | 13.29% | 17.43% | 18.95% | -5.76% | 12.73% |
ETMGX Eaton Vance Tax-Managed Small-Cap Fund | 8.51% | -6.63% | 11.43% | 11.06% | -16.53% | 20.91% | 12.33% | 27.32% | -5.86% | 15.26% |
Correlation
The correlation between SGPIX and ETMGX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.93 |
The correlation between SGPIX and ETMGX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
SGPIX vs. ETMGX — Risk / Return Rank
SGPIX
ETMGX
SGPIX vs. ETMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Small Cap Growth Fund (SGPIX) and Eaton Vance Tax-Managed Small-Cap Fund (ETMGX). 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 | ETMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.06 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 0.36 | +2.57 |
| Martin ratioReturn relative to average drawdown | 9.84 | 0.81 | +9.04 |
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Drawdowns
SGPIX vs. ETMGX - Drawdown Comparison
The maximum SGPIX drawdown since its inception was -58.70%, which is greater than ETMGX's maximum drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for SGPIX and ETMGX.
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Drawdown Indicators
| SGPIX | ETMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.70% | -37.02% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -13.14% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -22.28% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -25.14% | -9.50% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | -37.02% | -6.12% |
Current DrawdownCurrent decline from peak | -3.19% | -6.99% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -6.60% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 5.90% | -3.17% |
Volatility
SGPIX vs. ETMGX - Volatility Comparison
The current volatility for ProFunds Small Cap Growth Fund (SGPIX) is 4.10%, while Eaton Vance Tax-Managed Small-Cap Fund (ETMGX) has a volatility of 4.41%. This indicates that SGPIX experiences smaller price fluctuations and is considered to be less risky than ETMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGPIX | ETMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 4.41% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 11.44% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 16.43% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 18.75% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.31% | 19.90% | +2.41% |
SGPIX vs. ETMGX - Expense Ratio Comparison
SGPIX has a 1.60% expense ratio, which is higher than ETMGX's 1.11% expense ratio.
Dividends
SGPIX vs. ETMGX - Dividend Comparison
SGPIX has not paid dividends to shareholders, while ETMGX's dividend yield for the trailing twelve months is around 6.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETMGX Eaton Vance Tax-Managed Small-Cap Fund | 6.49% | 7.04% | 2.85% | 1.36% | 2.80% | 8.28% | 0.09% | 6.50% | 7.75% | 11.87% | 6.00% | 5.50% |
SGPIX ProFunds Small Cap Growth Fund | 0.00% | 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
SGPIX and ETMGX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETMGX has higher volatility (4.41%) compared to SGPIX (4.10%). In terms of maximum drawdown, SGPIX dropped -58.70% vs ETMGX's -37.02%.
SGPIX currently has the higher Sharpe Ratio (1.50 vs 0.29), 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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