SPXU vs. PLGIX
SPXU (ProShares UltraPro Short S&P500) and PLGIX (Principal LargeCap Growth Fund I) are both funds - SPXU is a S&P 500 fund tracking the S&P 500 Index (-300%), while PLGIX is a Large Cap Growth Equities fund managed by Principal. Over the past 10 years, SPXU returned -41.50%/yr vs 19.63%/yr for PLGIX. Their -0.92 correlation means they have often moved in opposite directions in the past. SPXU charges 0.90%/yr vs 0.67%/yr for PLGIX.
Performance
SPXU vs. PLGIX - Performance Comparison
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Returns By Period
In the year-to-date period, SPXU achieves a -30.45% return, which is significantly lower than PLGIX's 4.18% return. Over the past 10 years, SPXU has underperformed PLGIX with an annualized return of -41.50%, while PLGIX has yielded a comparatively higher 19.63% annualized return.
SPXU
- 1D
- 0.65%
- 1M
- -6.80%
- 6M
- -29.62%
- YTD
- -30.45%
- 1Y
- -44.77%
- 3Y*
- -42.04%
- 5Y*
- -33.66%
- 10Y*
- -41.50%
- ALL TIME*
- -42.79%
PLGIX
- 1D
- 2.52%
- 1M
- 2.20%
- 6M
- 11.33%
- YTD
- 4.18%
- 1Y
- 7.46%
- 3Y*
- 32.84%
- 5Y*
- 14.94%
- 10Y*
- 19.63%
- ALL TIME*
- 10.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $347.12M | $308.29M | $360.15M |
SPXU vs. PLGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXU ProShares UltraPro Short S&P500 | -30.45% | -41.73% | -43.31% | -46.02% | 36.05% | -57.94% | -70.39% | -56.27% | 3.97% | -44.23% |
PLGIX Principal LargeCap Growth Fund I | 4.18% | 11.59% | 83.01% | 40.40% | -34.05% | 21.49% | 36.06% | 34.89% | 3.44% | 33.67% |
Correlation
The correlation between SPXU and PLGIX is -0.92, 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. | -0.92 |
Correlation (3Y) Balances recent behavior with more history. | -0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009 | -0.92 |
The correlation between SPXU and PLGIX has been stable across timeframes, ranging from -0.93 to -0.91 - a consistent structural relationship.
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Return for Risk
SPXU vs. PLGIX — Risk / Return Rank
SPXU
PLGIX
SPXU vs. PLGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and Principal LargeCap Growth Fund I (PLGIX). 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.
| SPXU | PLGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.08 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 0.35 | -1.35 |
| Martin ratioReturn relative to average drawdown | -1.81 | 1.01 | -2.82 |
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Drawdowns
SPXU vs. PLGIX - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.99%, which is greater than PLGIX's maximum drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for SPXU and PLGIX.
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Drawdown Indicators
| SPXU | PLGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -55.43% | -44.56% |
Max Drawdown (1Y)Largest decline over 1 year | -45.07% | -18.32% | -26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -85.17% | -21.39% | -63.78% |
Max Drawdown (5Y)Largest decline over 5 years | -90.73% | -40.63% | -50.10% |
Max Drawdown (10Y)Largest decline over 10 years | -99.58% | -40.63% | -58.95% |
Current DrawdownCurrent decline from peak | -99.99% | -2.11% | -97.88% |
Average DrawdownAverage peak-to-trough decline | -93.38% | -13.20% | -80.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.44% | 6.34% | +19.10% |
Volatility
SPXU vs. PLGIX - Volatility Comparison
ProShares UltraPro Short S&P500 (SPXU) has a higher volatility of 12.32% compared to Principal LargeCap Growth Fund I (PLGIX) at 6.72%. This indicates that SPXU's price experiences larger fluctuations and is considered to be riskier than PLGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXU | PLGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.32% | 6.72% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 30.95% | 14.51% | +16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.41% | 17.41% | +21.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.77% | 30.36% | +20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.45% | 25.54% | +27.91% |
SPXU vs. PLGIX - Expense Ratio Comparison
SPXU has a 0.90% expense ratio, which is higher than PLGIX's 0.67% expense ratio.
Dividends
SPXU vs. PLGIX - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 7.46%, less than PLGIX's 13.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLGIX Principal LargeCap Growth Fund I | 13.87% | 14.45% | 63.77% | 5.99% | 11.57% | 11.34% | 7.03% | 8.01% | 16.41% | 7.05% | 4.64% | 12.51% |
SPXU ProShares UltraPro Short S&P500 | 7.46% | 7.02% | 9.53% | 7.06% | 0.39% | 0.00% | 0.70% | 2.14% | 1.41% | 0.10% | 0.00% | 0.00% |
Frequently Asked Questions
SPXU and PLGIX have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXU has higher volatility (12.32%) compared to PLGIX (6.72%). In terms of maximum drawdown, SPXU dropped -99.99% vs PLGIX's -55.43%.
PLGIX currently has the higher Sharpe Ratio (0.37 vs -1.17), 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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