SMPIX vs. LVPIX

Last updated Jun 5, 2026

SMPIX (ProFunds Semiconductor UltraSector Fund) and LVPIX (ProFunds Large Cap Value ProFund) are both mutual funds - SMPIX is a Leveraged Equities fund managed by ProFunds, while LVPIX is a Large Cap Value Equities fund managed by ProFunds. Over the past 10 years, SMPIX returned 47.91%/yr vs 9.63%/yr for LVPIX. A 0.65 correlation means they provide meaningful diversification when combined. SMPIX charges 1.49%/yr vs 1.71%/yr for LVPIX.

Performance

SMPIX vs. LVPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SMPIX achieves a 80.61% return, which is significantly higher than LVPIX's 6.75% return. Over the past 10 years, SMPIX has outperformed LVPIX with an annualized return of 47.91%, while LVPIX has yielded a comparatively lower 9.63% annualized return.

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%

LVPIX

• 1D: -0.42%
• 1M: 1.33%
• YTD: 6.75%
• 6M: 7.18%
• 1Y: 19.56%
• 3Y*: 12.76%
• 5Y*: 8.24%
• 10Y*: 9.63%

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

SMPIX vs. LVPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
LVPIX ProFunds Large Cap Value ProFund	6.75%	11.31%	7.60%	19.78%	-6.86%	22.81%	-0.60%	29.32%	-10.35%	12.88%

Correlation

The correlation between SMPIX and LVPIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002	0.65

Over the past year, the correlation between SMPIX and LVPIX has dropped to 0.30 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

SMPIX vs. LVPIX — Risk / Return Rank

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

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

LVPIX

LVPIX Risk / Return Rank: 52
LVPIX Sharpe Ratio Rank: 48
LVPIX Sortino Ratio Rank: 46
LVPIX Omega Ratio Rank: 44
LVPIX Calmar Ratio Rank: 64
LVPIX Martin Ratio Rank: 59

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.

SMPIX vs. LVPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund (SMPIX) and ProFunds Large Cap Value ProFund (LVPIX). 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.

	SMPIX	LVPIX	Difference
Sharpe ratio: Return per unit of total volatility	3.96	1.98	+1.98
Sortino ratio: Return per unit of downside risk	3.83	2.77	+1.06
Omega ratio: Gain probability vs. loss probability	1.51	1.35	+0.16
Calmar ratio: Return relative to maximum drawdown	8.10	3.02	+5.08
Martin ratio: Return relative to average drawdown	24.45	11.44	+13.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMPIX vs. LVPIX - Sharpe Ratio Comparison

The current SMPIX Sharpe Ratio is 3.96, which is higher than the LVPIX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SMPIX and LVPIX, 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

	SMPIX	LVPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.96	1.98	+1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.57	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.58	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.41	-0.32

Drawdowns

SMPIX vs. LVPIX - Drawdown Comparison

The maximum SMPIX drawdown since its inception was -94.09%, which is greater than LVPIX's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for SMPIX and LVPIX.

Drawdown Indicators

	SMPIX	LVPIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.09%	-62.54%	-31.55%
Max Drawdown (1Y) Largest decline over 1 year	-22.72%	-6.39%	-16.33%
Max Drawdown (3Y) Largest decline over 3 years	-94.09%	-19.80%	-74.29%
Max Drawdown (5Y) Largest decline over 5 years	-94.09%	-19.80%	-74.29%
Max Drawdown (10Y) Largest decline over 10 years	-94.09%	-37.21%	-56.88%
Current Drawdown Current decline from peak	-70.61%	-0.62%	-69.99%
Average Drawdown Average peak-to-trough decline	-57.56%	-9.71%	-47.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	1.69%	+5.82%

Volatility

SMPIX vs. LVPIX - Volatility Comparison

ProFunds Semiconductor UltraSector Fund (SMPIX) has a higher volatility of 15.54% compared to ProFunds Large Cap Value ProFund (LVPIX) at 2.11%. This indicates that SMPIX's price experiences larger fluctuations and is considered to be riskier than LVPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMPIX	LVPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.54%	2.11%	+13.43%
Volatility (6M) Calculated over the trailing 6-month period	35.43%	7.05%	+28.38%
Volatility (1Y) Calculated over the trailing 1-year period	46.65%	9.79%	+36.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	332.56%	14.53%	+318.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.14%	16.51%	+220.63%

SMPIX vs. LVPIX - Expense Ratio Comparison

SMPIX has a 1.49% expense ratio, which is lower than LVPIX's 1.71% expense ratio.

Dividends

SMPIX vs. LVPIX - Dividend Comparison

SMPIX's dividend yield for the trailing twelve months is around 7.21%, more than LVPIX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVPIX ProFunds Large Cap Value ProFund	4.13%	4.40%	0.00%	0.00%	0.17%	0.67%	0.00%	0.00%	3.93%	0.64%	0.22%	1.26%
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 SMPIX and LVPIX in my portfolio?

SMPIX and LVPIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMPIX or LVPIX?

SMPIX has higher volatility (15.54%) compared to LVPIX (2.11%). In terms of maximum drawdown, SMPIX dropped -94.09% vs LVPIX's -62.54%.

Which has better risk-adjusted returns?

SMPIX currently has the higher Sharpe Ratio (3.96 vs 1.98), 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.