SGPIX vs. SMPIX

Last updated Jun 4, 2026

SGPIX (ProFunds Small Cap Growth Fund) and SMPIX (ProFunds Semiconductor UltraSector Fund) are both mutual funds - SGPIX is a Small Cap Growth Equities fund managed by ProFunds, while SMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SGPIX returned 8.36%/yr vs 47.91%/yr for SMPIX. A 0.69 correlation means they provide meaningful diversification when combined. SGPIX charges 1.60%/yr vs 1.49%/yr for SMPIX.

Performance

SGPIX vs. SMPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SGPIX achieves a 15.17% return, which is significantly lower than SMPIX's 80.61% return. Over the past 10 years, SGPIX has underperformed SMPIX with an annualized return of 8.36%, while SMPIX has yielded a comparatively higher 47.91% annualized return.

SGPIX

• 1D: 0.65%
• 1M: 1.43%
• YTD: 15.17%
• 6M: 13.21%
• 1Y: 24.74%
• 3Y*: 12.72%
• 5Y*: 2.65%
• 10Y*: 8.36%

SMPIX

• 1D: -0.81%
• 1M: 28.22%
• YTD: 80.61%
• 6M: 78.76%
• 1Y: 179.15%
• 3Y*: 89.40%
• 5Y*: 55.00%
• 10Y*: 47.91%

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

SGPIX vs. SMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGPIX ProFunds Small Cap Growth Fund	15.17%	3.52%	7.53%	15.35%	-22.72%	13.29%	17.43%	18.95%	-5.76%	12.73%
SMPIX ProFunds Semiconductor UltraSector Fund	80.61%	56.35%	81.41%	155.37%	-54.31%	80.17%	60.77%	77.97%	-17.56%	42.78%

Correlation

The correlation between SGPIX and SMPIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002	0.69

Over the past year, the correlation between SGPIX and SMPIX has dropped to 0.45 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

SGPIX vs. SMPIX — Risk / Return Rank

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

SGPIX

SGPIX Risk / Return Rank: 38
SGPIX Sharpe Ratio Rank: 28
SGPIX Sortino Ratio Rank: 29
SGPIX Omega Ratio Rank: 26
SGPIX Calmar Ratio Rank: 57
SGPIX Martin Ratio Rank: 48

SMPIX

SMPIX Risk / Return Rank: 90
SMPIX Sharpe Ratio Rank: 98
SMPIX Sortino Ratio Rank: 79
SMPIX Omega Ratio Rank: 77
SMPIX Calmar Ratio Rank: 98
SMPIX Martin Ratio Rank: 96

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. SMPIX - Risk-Adjusted Trends Comparison

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

	SGPIX	SMPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	3.96	-2.44
Sortino ratio: Return per unit of downside risk	2.26	3.83	-1.57
Omega ratio: Gain probability vs. loss probability	1.27	1.51	-0.25
Calmar ratio: Return relative to maximum drawdown	2.90	8.10	-5.20
Martin ratio: Return relative to average drawdown	9.98	24.45	-14.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGPIX vs. SMPIX - Sharpe Ratio Comparison

The current SGPIX Sharpe Ratio is 1.51, which is lower than the SMPIX Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of SGPIX and SMPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGPIX	SMPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	3.96	-2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.17	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.20	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.09	+0.26

Drawdowns

SGPIX vs. SMPIX - Drawdown Comparison

The maximum SGPIX drawdown since its inception was -58.70%, smaller than the maximum SMPIX drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for SGPIX and SMPIX.

Drawdown Indicators

	SGPIX	SMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.70%	-94.09%	+35.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-22.72%	+13.57%
Max Drawdown (3Y) Largest decline over 3 years	-27.72%	-94.09%	+66.37%
Max Drawdown (5Y) Largest decline over 5 years	-34.64%	-94.09%	+59.45%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-94.09%	+50.95%
Current Drawdown Current decline from peak	-0.93%	-70.61%	+69.68%
Average Drawdown Average peak-to-trough decline	-11.26%	-57.56%	+46.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	7.51%	-4.86%

Volatility

SGPIX vs. SMPIX - Volatility Comparison

The current volatility for ProFunds Small Cap Growth Fund (SGPIX) is 4.66%, while ProFunds Semiconductor UltraSector Fund (SMPIX) has a volatility of 15.54%. This indicates that SGPIX experiences smaller price fluctuations and is considered to be less risky than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGPIX	SMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	15.54%	-10.88%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	35.43%	-22.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	46.65%	-29.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	332.56%	-310.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	237.14%	-214.79%

SGPIX vs. SMPIX - Expense Ratio Comparison

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

Dividends

SGPIX vs. SMPIX - Dividend Comparison

SGPIX's dividend yield for the trailing twelve months is around 0.16%, less than SMPIX's 7.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGPIX ProFunds Small Cap Growth Fund	0.16%	0.18%	1.58%	0.80%	3.80%	2.06%	0.00%	0.00%	4.29%	0.00%	0.00%	2.58%
SMPIX ProFunds Semiconductor UltraSector Fund	7.21%	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

Can I hold both SGPIX and SMPIX in my portfolio?

SGPIX and SMPIX have a correlation of 0.45, 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 SMPIX?

SMPIX has higher volatility (15.54%) compared to SGPIX (4.66%). In terms of maximum drawdown, SGPIX dropped -58.70% vs SMPIX's -94.09%.

Which has better risk-adjusted returns?

SMPIX currently has the higher Sharpe Ratio (3.96 vs 1.51), 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.