TEPIX vs. IXN
TEPIX (ProFunds Technology UltraSector Fund) and IXN (iShares Global Tech ETF) are both funds - TEPIX is a Leveraged Equities fund managed by ProFunds, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, TEPIX returned 31.22%/yr vs 25.57%/yr for IXN. Their correlation of 0.90 suggests significant overlap in exposure. TEPIX charges 1.48%/yr vs 0.46%/yr for IXN.
Performance
TEPIX vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, TEPIX achieves a 57.79% return, which is significantly higher than IXN's 41.18% return. Over the past 10 years, TEPIX has outperformed IXN with an annualized return of 31.22%, while IXN has yielded a comparatively lower 25.57% annualized return.
TEPIX
- 1D
- 1.85%
- 1M
- 34.64%
- YTD
- 57.79%
- 6M
- 56.06%
- 1Y
- 107.82%
- 3Y*
- 41.60%
- 5Y*
- 23.82%
- 10Y*
- 31.22%
IXN
- 1D
- -1.00%
- 1M
- 21.36%
- YTD
- 41.18%
- 6M
- 41.72%
- 1Y
- 74.57%
- 3Y*
- 36.05%
- 5Y*
- 23.25%
- 10Y*
- 25.57%
TEPIX vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEPIX ProFunds Technology UltraSector Fund | 57.79% | 30.08% | 14.17% | 91.81% | -51.01% | 46.85% | 64.53% | 71.30% | -5.89% | 49.17% |
IXN iShares Global Tech ETF | 41.18% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between TEPIX and IXN is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.90 |
The correlation between TEPIX and IXN has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
TEPIX vs. IXN — Risk / Return Rank
TEPIX
IXN
TEPIX vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) and iShares Global Tech ETF (IXN). 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.
| TEPIX | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.54 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 5.43 | -0.85 |
| Martin ratioReturn relative to average drawdown | 14.58 | 18.73 | -4.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEPIX | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.60 | 3.41 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.94 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 1.05 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.54 | -0.39 |
Drawdowns
TEPIX vs. IXN - Drawdown Comparison
The maximum TEPIX drawdown since its inception was -89.14%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for TEPIX and IXN.
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Drawdown Indicators
| TEPIX | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -55.67% | -33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -24.64% | -13.80% | -10.84% |
Max Drawdown (3Y)Largest decline over 3 years | -84.97% | -25.55% | -59.42% |
Max Drawdown (5Y)Largest decline over 5 years | -84.97% | -36.30% | -48.67% |
Max Drawdown (10Y)Largest decline over 10 years | -84.97% | -36.30% | -48.67% |
Current DrawdownCurrent decline from peak | -53.64% | -1.00% | -52.64% |
Average DrawdownAverage peak-to-trough decline | -49.79% | -11.27% | -38.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 3.99% | +3.74% |
Volatility
TEPIX vs. IXN - Volatility Comparison
ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 10.15% compared to iShares Global Tech ETF (IXN) at 7.95%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEPIX | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 7.95% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 25.07% | 17.85% | +7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.37% | 21.98% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.10% | 24.84% | +120.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.51% | 24.40% | +81.11% |
TEPIX vs. IXN - Expense Ratio Comparison
TEPIX has a 1.48% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
TEPIX vs. IXN - Dividend Comparison
TEPIX's dividend yield for the trailing twelve months is around 2.04%, more than IXN's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.74% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
TEPIX ProFunds Technology UltraSector Fund | 2.04% | 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 0.97, TEPIX and IXN 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.
TEPIX has higher volatility (10.15%) compared to IXN (7.95%). In terms of maximum drawdown, TEPIX dropped -89.14% vs IXN's -55.67%.
TEPIX currently has the higher Sharpe Ratio (3.60 vs 3.41), 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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