SOPIX vs. TEPIX
SOPIX (ProFunds Short NASDAQ-100 Fund) and TEPIX (ProFunds Technology UltraSector Fund) are both mutual funds - SOPIX is a Inverse Equities fund managed by ProFunds, while TEPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SOPIX returned -19.61%/yr vs 10.94%/yr for TEPIX. Their -0.96 correlation means they have often moved in opposite directions in the past. SOPIX charges 1.78%/yr vs 1.48%/yr for TEPIX.
Performance
SOPIX vs. TEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SOPIX achieves a -9.87% return, which is significantly lower than TEPIX's 29.95% return. Over the past 10 years, SOPIX has underperformed TEPIX with an annualized return of -19.61%, while TEPIX has yielded a comparatively higher 10.94% annualized return.
SOPIX
- 1D
- -3.36%
- 1M
- 4.31%
- 6M
- -9.07%
- YTD
- -9.87%
- 1Y
- -17.52%
- 3Y*
- -17.93%
- 5Y*
- -14.03%
- 10Y*
- -19.61%
- ALL TIME*
- -17.47%
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 |
SOPIX vs. TEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | -9.87% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
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 SOPIX and TEPIX is -0.95, 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. | -0.95 |
Correlation (3Y) Balances recent behavior with more history. | -0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.96 |
The correlation between SOPIX and TEPIX has been stable across timeframes, ranging from -0.96 to -0.94 - a consistent structural relationship.
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Return for Risk
SOPIX vs. TEPIX — Risk / Return Rank
SOPIX
TEPIX
SOPIX vs. TEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short NASDAQ-100 Fund (SOPIX) 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.
| SOPIX | TEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.21 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.84 | -2.46 |
| Martin ratioReturn relative to average drawdown | -1.21 | 4.85 | -6.06 |
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Drawdowns
SOPIX vs. TEPIX - Drawdown Comparison
The maximum SOPIX drawdown since its inception was -99.07%, which is greater than TEPIX's maximum drawdown of -89.14%. Use the drawdown chart below to compare losses from any high point for SOPIX and TEPIX.
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Drawdown Indicators
| SOPIX | TEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -89.14% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -24.87% | -24.64% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -54.87% | -85.79% | +30.92% |
Max Drawdown (5Y)Largest decline over 5 years | -65.00% | -85.79% | +20.79% |
Max Drawdown (10Y)Largest decline over 10 years | -89.76% | -85.79% | -3.97% |
Current DrawdownCurrent decline from peak | -98.99% | -63.89% | -35.10% |
Average DrawdownAverage peak-to-trough decline | -76.28% | -49.94% | -26.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 9.33% | +3.46% |
Volatility
SOPIX vs. TEPIX - Volatility Comparison
The current volatility for ProFunds Short NASDAQ-100 Fund (SOPIX) is 6.90%, while ProFunds Technology UltraSector Fund (TEPIX) has a volatility of 14.74%. This indicates that SOPIX experiences smaller price fluctuations and is considered to be less risky 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
| SOPIX | TEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 14.74% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 32.89% | -16.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 38.48% | -19.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 52.84% | -28.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 44.79% | -22.10% |
SOPIX vs. TEPIX - Expense Ratio Comparison
SOPIX has a 1.78% expense ratio, which is higher than TEPIX's 1.48% expense ratio.
Dividends
SOPIX vs. TEPIX - Dividend Comparison
SOPIX's dividend yield for the trailing twelve months is around 2.38%, less than TEPIX's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | 2.38% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% | 0.00% |
TEPIX ProFunds Technology UltraSector Fund | 2.48% | 3.22% | 0.00% | 0.37% | 0.00% | 0.90% | 2.31% | 0.00% | 0.23% |
Frequently Asked Questions
SOPIX and TEPIX have a correlation of -0.95, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEPIX has higher volatility (14.74%) compared to SOPIX (6.90%). In terms of maximum drawdown, SOPIX dropped -99.07% vs TEPIX's -89.14%.
TEPIX currently has the higher Sharpe Ratio (1.18 vs -0.80), 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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