SVPIX vs. SMPIX

Last updated Jun 4, 2026

SVPIX (ProFunds Small Cap Value Fund) and SMPIX (ProFunds Semiconductor UltraSector Fund) are both mutual funds - SVPIX is a Small Cap Value Equities fund managed by ProFunds, while SMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SVPIX returned 8.27%/yr vs 48.03%/yr for SMPIX. A 0.63 correlation means they provide meaningful diversification when combined. SVPIX charges 1.61%/yr vs 1.49%/yr for SMPIX.

Performance

SVPIX vs. SMPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Small Cap Value Fund (SVPIX) and ProFunds Semiconductor UltraSector Fund (SMPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVPIX achieves a 15.31% return, which is significantly lower than SMPIX's 82.09% return. Over the past 10 years, SVPIX has underperformed SMPIX with an annualized return of 8.27%, while SMPIX has yielded a comparatively higher 48.03% annualized return.

SVPIX

• 1D: 1.09%
• 1M: 3.40%
• YTD: 15.31%
• 6M: 14.67%
• 1Y: 35.67%
• 3Y*: 11.95%
• 5Y*: 3.73%
• 10Y*: 8.27%

SMPIX

• 1D: 3.58%
• 1M: 33.64%
• YTD: 82.09%
• 6M: 82.15%
• 1Y: 185.19%
• 3Y*: 89.91%
• 5Y*: 56.38%
• 10Y*: 48.03%

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

SVPIX vs. SMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVPIX ProFunds Small Cap Value Fund	15.31%	4.52%	4.54%	12.43%	-12.84%	28.86%	1.05%	22.26%	-14.02%	9.52%
SMPIX ProFunds Semiconductor UltraSector Fund	82.09%	56.35%	81.41%	155.37%	-54.31%	80.17%	60.77%	77.97%	-17.56%	42.78%

Correlation

The correlation between SVPIX and SMPIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002	0.63

Over the past year, the correlation between SVPIX and SMPIX has dropped to 0.36 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

SVPIX vs. SMPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVPIX

SVPIX Risk / Return Rank: 59
SVPIX Sharpe Ratio Rank: 51
SVPIX Sortino Ratio Rank: 50
SVPIX Omega Ratio Rank: 44
SVPIX Calmar Ratio Rank: 85
SVPIX Martin Ratio Rank: 67

SMPIX

SMPIX Risk / Return Rank: 92
SMPIX Sharpe Ratio Rank: 99
SMPIX Sortino Ratio Rank: 85
SMPIX Omega Ratio Rank: 81
SMPIX Calmar Ratio Rank: 98
SMPIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVPIX vs. SMPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Small Cap Value Fund (SVPIX) and ProFunds Semiconductor UltraSector Fund (SMPIX). 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.

	SVPIX	SMPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	4.26	-2.15
Sortino ratio: Return per unit of downside risk	3.00	4.00	-1.00
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	4.02	8.74	-4.72
Martin ratio: Return relative to average drawdown	13.09	26.37	-13.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVPIX vs. SMPIX - Sharpe Ratio Comparison

The current SVPIX Sharpe Ratio is 2.10, which is lower than the SMPIX Sharpe Ratio of 4.26. The chart below compares the historical Sharpe Ratios of SVPIX and SMPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVPIX	SMPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	4.26	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.17	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.20	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.09	+0.21

Drawdowns

SVPIX vs. SMPIX - Drawdown Comparison

The maximum SVPIX drawdown since its inception was -60.67%, smaller than the maximum SMPIX drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for SVPIX and SMPIX.

Drawdown Indicators

	SVPIX	SMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.67%	-94.09%	+33.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-22.72%	+13.17%
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	-94.09%	+64.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.67%	-94.09%	+64.42%
Max Drawdown (10Y) Largest decline over 10 years	-49.17%	-94.09%	+44.92%
Current Drawdown Current decline from peak	0.00%	-70.37%	+70.37%
Average Drawdown Average peak-to-trough decline	-11.52%	-57.55%	+46.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	7.51%	-4.58%

Volatility

SVPIX vs. SMPIX - Volatility Comparison

The current volatility for ProFunds Small Cap Value Fund (SVPIX) is 4.45%, while ProFunds Semiconductor UltraSector Fund (SMPIX) has a volatility of 15.52%. This indicates that SVPIX experiences smaller price fluctuations and is considered to be less risky than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVPIX	SMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	15.52%	-11.07%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	35.41%	-23.91%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	46.69%	-28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	332.56%	-310.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	237.19%	-213.68%

SVPIX vs. SMPIX - Expense Ratio Comparison

SVPIX has a 1.61% expense ratio, which is higher than SMPIX's 1.49% expense ratio.

Dividends

SVPIX vs. SMPIX - Dividend Comparison

SVPIX has not paid dividends to shareholders, while SMPIX's dividend yield for the trailing twelve months is around 7.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMPIX ProFunds Semiconductor UltraSector Fund	7.15%	13.02%	0.16%	0.00%	0.00%	6.57%	0.00%	2.26%	40.03%	0.11%	0.45%	0.68%
SVPIX ProFunds Small Cap Value Fund	0.00%	0.00%	0.00%	0.00%	1.47%	0.18%	0.00%	0.07%	13.10%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVPIX and SMPIX in my portfolio?

SVPIX and SMPIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVPIX or SMPIX?

SMPIX has higher volatility (15.52%) compared to SVPIX (4.45%). In terms of maximum drawdown, SVPIX dropped -60.67% vs SMPIX's -94.09%.

Which has better risk-adjusted returns?

SMPIX currently has the higher Sharpe Ratio (4.26 vs 2.10), 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.