SMPIX vs. TEPIX
SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) and TEPIX (ProFunds Technology UltraSector Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, SMPIX returned 15.52%/yr vs 10.94%/yr for TEPIX. Their correlation of 0.89 means they have usually moved in the same direction. SMPIX charges 1.52%/yr vs 1.48%/yr for TEPIX.
Performance
SMPIX vs. TEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SMPIX achieves a 39.91% return, which is significantly higher than TEPIX's 29.95% return. Over the past 10 years, SMPIX has outperformed TEPIX with an annualized return of 15.52%, while TEPIX has yielded a comparatively lower 10.94% 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%
TEPIX
- 1D
- 8.28%
- 1M
- -4.69%
- 6M
- 30.55%
- YTD
- 29.95%
- 1Y
- 51.61%
- 3Y*
- -18.95%
- 5Y*
- -12.90%
- 10Y*
- 10.94%
- ALL TIME*
- 4.22%
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 |
SMPIX vs. TEPIX - 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% |
TEPIX ProFunds Technology UltraSector Fund | 29.95% | 30.08% | -71.46% | 91.81% | -51.01% | 46.85% | 64.53% | 71.30% | -5.89% | 49.17% |
Correlation
The correlation between SMPIX and TEPIX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.89 |
The correlation between SMPIX and TEPIX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
SMPIX vs. TEPIX — Risk / Return Rank
SMPIX
TEPIX
SMPIX vs. TEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) and ProFunds Technology UltraSector Fund (TEPIX). 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 | TEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.84 | +0.26 |
| Martin ratioReturn relative to average drawdown | 6.67 | 4.85 | +1.82 |
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Drawdowns
SMPIX vs. TEPIX - Drawdown Comparison
The maximum SMPIX drawdown since its inception was -94.52%, which is greater than TEPIX's maximum drawdown of -89.14%. Use the drawdown chart below to compare losses from any high point for SMPIX and TEPIX.
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Drawdown Indicators
| SMPIX | TEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.52% | -89.14% | -5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.07% | -24.64% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -94.52% | -85.79% | -8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -94.52% | -85.79% | -8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -94.52% | -85.79% | -8.73% |
Current DrawdownCurrent decline from peak | -78.88% | -63.89% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -57.72% | -49.94% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 9.33% | +0.11% |
Volatility
SMPIX vs. TEPIX - Volatility Comparison
ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a higher volatility of 22.34% compared to ProFunds Technology UltraSector Fund (TEPIX) at 14.74%. This indicates that SMPIX's price experiences larger fluctuations and is considered to be riskier than TEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMPIX | TEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.34% | 14.74% | +7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 46.42% | 32.89% | +13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.21% | 38.48% | +17.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.24% | 52.84% | +19.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.04% | 44.79% | +15.25% |
SMPIX vs. TEPIX - Expense Ratio Comparison
SMPIX has a 1.52% expense ratio, which is higher than TEPIX's 1.48% expense ratio.
Dividends
SMPIX vs. TEPIX - Dividend Comparison
SMPIX's dividend yield for the trailing twelve months is around 9.30%, more than TEPIX's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TEPIX ProFunds Technology UltraSector Fund | 2.48% | 3.22% | 0.00% | 0.37% | 0.00% | 0.90% | 2.31% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, SMPIX and TEPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SMPIX has higher volatility (22.34%) compared to TEPIX (14.74%). In terms of maximum drawdown, SMPIX dropped -94.52% vs TEPIX's -89.14%.
TEPIX currently has the higher Sharpe Ratio (1.18 vs 1.12), 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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