SMPIX vs. USPIX
SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - SMPIX is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (150% Daily), while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, SMPIX returned 15.52%/yr vs -38.40%/yr for USPIX. Their -0.85 correlation means they have often moved in opposite directions in the past. SMPIX charges 1.52%/yr vs 1.68%/yr for USPIX.
Performance
SMPIX vs. USPIX - 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 USPIX's -21.82% return. Over the past 10 years, SMPIX has outperformed USPIX with an annualized return of 15.52%, while USPIX has yielded a comparatively lower -38.40% 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%
USPIX
- 1D
- -6.68%
- 1M
- 8.37%
- 6M
- -20.22%
- YTD
- -21.82%
- 1Y
- -35.87%
- 3Y*
- -34.61%
- 5Y*
- -29.64%
- 10Y*
- -38.40%
- ALL TIME*
- -35.20%
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. USPIX - 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% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -21.82% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
Correlation
The correlation between SMPIX and USPIX is -0.85, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.85 |
Correlation (3Y) Balances recent behavior with more history. | -0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.85 |
The correlation between SMPIX and USPIX has been stable across timeframes, ranging from -0.87 to -0.84 - a consistent structural relationship.
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Return for Risk
SMPIX vs. USPIX — Risk / Return Rank
SMPIX
USPIX
SMPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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 | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.87 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | -0.73 | +2.82 |
| Martin ratioReturn relative to average drawdown | 6.67 | -1.33 | +8.00 |
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Drawdowns
SMPIX vs. USPIX - Drawdown Comparison
The maximum SMPIX drawdown since its inception was -94.52%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SMPIX and USPIX.
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Drawdown Indicators
| SMPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.52% | -100.00% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -30.07% | -45.06% | +14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -94.52% | -80.96% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -94.52% | -89.53% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -94.52% | -99.34% | +4.82% |
Current DrawdownCurrent decline from peak | -78.88% | -100.00% | +21.12% |
Average DrawdownAverage peak-to-trough decline | -57.72% | -96.44% | +38.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 24.54% | -15.10% |
Volatility
SMPIX vs. USPIX - Volatility Comparison
ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a higher volatility of 22.34% compared to ProFunds UltraShort NASDAQ-100 Fund (USPIX) at 13.82%. This indicates that SMPIX's price experiences larger fluctuations and is considered to be riskier than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.34% | 13.82% | +8.52% |
Volatility (6M)Calculated over the trailing 6-month period | 46.42% | 31.92% | +14.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.21% | 38.65% | +17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.24% | 46.17% | +26.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.04% | 44.75% | +15.29% |
SMPIX vs. USPIX - Expense Ratio Comparison
SMPIX has a 1.52% expense ratio, which is lower than USPIX's 1.68% expense ratio.
Dividends
SMPIX vs. USPIX - Dividend Comparison
SMPIX's dividend yield for the trailing twelve months is around 9.30%, more than USPIX's 3.46% 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% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.46% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMPIX and USPIX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMPIX has higher volatility (22.34%) compared to USPIX (13.82%). In terms of maximum drawdown, SMPIX dropped -94.52% vs USPIX's -100.00%.
SMPIX currently has the higher Sharpe Ratio (1.12 vs -0.85), 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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