SMPIX vs. NVDA

Last updated Aug 1, 2026

SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (150% Daily), while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, SMPIX returned 15.52%/yr vs 64.62%/yr for NVDA. Their 0.77 correlation means they have sometimes moved together and sometimes differently.

Performance

SMPIX vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMPIX achieves a 39.91% return, which is significantly higher than NVDA's 7.77% return. Over the past 10 years, SMPIX has underperformed NVDA with an annualized return of 15.52%, while NVDA has yielded a comparatively higher 64.62% annualized return.

SMPIX

• 1D: 9.88%
• 1M: -7.95%
• 6M: 28.85%
• YTD: 39.91%
• 1Y: 72.46%
• 3Y*: -17.82%
• 5Y*: -4.21%
• 10Y*: 15.52%
• ALL TIME*: 3.71%

NVDA

• 1D: 2.93%
• 1M: 3.04%
• 6M: 5.16%
• YTD: 7.77%
• 1Y: 15.71%
• 3Y*: 62.93%
• 5Y*: 59.52%
• 10Y*: 64.62%
• ALL TIME*: 36.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDA NVIDIA Corporation	$25.46B	$26.13B	$31.85B
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class	$0.00	$0.00	$0.00

SMPIX vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class	39.91%	56.35%	-77.32%	155.37%	-54.31%	80.17%	60.77%	77.97%	-17.56%	42.78%
NVDA NVIDIA Corporation	7.77%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between SMPIX and NVDA is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.77

The correlation between SMPIX and NVDA shifts across timeframes, from 0.77 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SMPIX vs. NVDA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMPIX

SMPIX Risk / Return Rank: 46
SMPIX Sharpe Ratio Rank: 38
SMPIX Sortino Ratio Rank: 39
SMPIX Omega Ratio Rank: 39
SMPIX Calmar Ratio Rank: 66
SMPIX Martin Ratio Rank: 50

NVDA

NVDA Risk / Return Rank: 56
NVDA Sharpe Ratio Rank: 58
NVDA Sortino Ratio Rank: 53
NVDA Omega Ratio Rank: 51
NVDA Calmar Ratio Rank: 60
NVDA Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMPIX vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) and NVIDIA Corporation (NVDA). 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.

	SMPIX	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	1.12	0.36	+0.76
Sortino ratio: Return per unit of downside risk	1.66	0.76	+0.90
Omega ratio: Gain probability vs. loss probability	1.21	1.09	+0.12
Calmar ratio: Return relative to maximum drawdown	2.10	0.65	+1.45
Martin ratio: Return relative to average drawdown	6.67	1.32	+5.36

SMPIX vs. NVDA - Sharpe Ratio Comparison

The current SMPIX Sharpe Ratio is 1.12, which is higher than the NVDA Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of SMPIX and NVDA, 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

SMPIX vs. NVDA - Drawdown Comparison

The maximum SMPIX drawdown since its inception was -94.52%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for SMPIX and NVDA.

Drawdown Indicators

	SMPIX	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-94.52%	-89.72%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-30.07%	-20.21%	-9.86%
Max Drawdown (3Y) Largest decline over 3 years	-94.52%	-36.88%	-57.64%
Max Drawdown (5Y) Largest decline over 5 years	-94.52%	-66.34%	-28.18%
Max Drawdown (10Y) Largest decline over 10 years	-94.52%	-66.34%	-28.18%
Current Drawdown Current decline from peak	-78.88%	-14.74%	-64.14%
Average Drawdown Average peak-to-trough decline	-57.72%	-36.07%	-21.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.44%	9.90%	-0.46%

Volatility

SMPIX vs. NVDA - Volatility Comparison

ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a higher volatility of 22.34% compared to NVIDIA Corporation (NVDA) at 12.04%. This indicates that SMPIX's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMPIX	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.34%	12.04%	+10.30%
Volatility (6M) Calculated over the trailing 6-month period	46.42%	28.30%	+18.12%
Volatility (1Y) Calculated over the trailing 1-year period	56.21%	36.41%	+19.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.24%	51.87%	+20.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.04%	49.95%	+10.09%

Dividends

SMPIX vs. NVDA - Dividend Comparison

SMPIX's dividend yield for the trailing twelve months is around 9.30%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class	9.30%	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 NVDA in my portfolio?

SMPIX and NVDA have a correlation of 0.84, 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 NVDA?

SMPIX has higher volatility (22.34%) compared to NVDA (12.04%). In terms of maximum drawdown, SMPIX dropped -94.52% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

SMPIX currently has the higher Sharpe Ratio (1.12 vs 0.36), 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.