TEPIX vs. OTPIX

Last updated Jun 4, 2026

TEPIX (ProFunds Technology UltraSector Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - TEPIX is a Leveraged Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, TEPIX returned 31.22%/yr vs 21.54%/yr for OTPIX. With a 0.96 correlation, they move nearly in lockstep. Both charge a 1.48% expense ratio.

Performance

TEPIX vs. OTPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Technology UltraSector Fund (TEPIX) and ProFunds NASDAQ-100 Fund (OTPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEPIX achieves a 57.79% return, which is significantly higher than OTPIX's 20.74% return. Over the past 10 years, TEPIX has outperformed OTPIX with an annualized return of 31.22%, while OTPIX has yielded a comparatively lower 21.54% 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%

OTPIX

• 1D: 0.48%
• 1M: 10.77%
• YTD: 20.74%
• 6M: 18.96%
• 1Y: 39.76%
• 3Y*: 26.33%
• 5Y*: 20.08%
• 10Y*: 21.54%

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

TEPIX vs. OTPIX - 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%
OTPIX ProFunds NASDAQ-100 Fund	20.74%	18.08%	23.19%	51.66%	-34.36%	48.75%	45.00%	36.58%	-1.75%	29.45%

Correlation

The correlation between TEPIX and OTPIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001	0.96

The correlation between TEPIX and OTPIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

TEPIX vs. OTPIX — Risk / Return Rank

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

TEPIX

TEPIX Risk / Return Rank: 85
TEPIX Sharpe Ratio Rank: 97
TEPIX Sortino Ratio Rank: 83
TEPIX Omega Ratio Rank: 79
TEPIX Calmar Ratio Rank: 90
TEPIX Martin Ratio Rank: 77

OTPIX

OTPIX Risk / Return Rank: 67
OTPIX Sharpe Ratio Rank: 78
OTPIX Sortino Ratio Rank: 64
OTPIX Omega Ratio Rank: 61
OTPIX Calmar Ratio Rank: 71
OTPIX Martin Ratio Rank: 62

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.

TEPIX vs. OTPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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	OTPIX	Difference
Sharpe ratio: Return per unit of total volatility	3.60	2.56	+1.04
Sortino ratio: Return per unit of downside risk	3.91	3.35	+0.56
Omega ratio: Gain probability vs. loss probability	1.52	1.44	+0.08
Calmar ratio: Return relative to maximum drawdown	4.59	3.28	+1.31
Martin ratio: Return relative to average drawdown	14.58	12.33	+2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEPIX vs. OTPIX - Sharpe Ratio Comparison

The current TEPIX Sharpe Ratio is 3.60, which is higher than the OTPIX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of TEPIX and OTPIX, 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

	TEPIX	OTPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	2.56	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.14	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.22	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.18	-0.03

Drawdowns

TEPIX vs. OTPIX - Drawdown Comparison

The maximum TEPIX drawdown since its inception was -89.14%, which is greater than OTPIX's maximum drawdown of -78.93%. Use the drawdown chart below to compare losses from any high point for TEPIX and OTPIX.

Drawdown Indicators

	TEPIX	OTPIX	Difference
Max Drawdown Largest peak-to-trough decline	-89.14%	-78.93%	-10.21%
Max Drawdown (1Y) Largest decline over 1 year	-24.64%	-12.53%	-12.11%
Max Drawdown (3Y) Largest decline over 3 years	-84.97%	-78.93%	-6.04%
Max Drawdown (5Y) Largest decline over 5 years	-84.97%	-78.93%	-6.04%
Max Drawdown (10Y) Largest decline over 10 years	-84.97%	-78.93%	-6.04%
Current Drawdown Current decline from peak	-53.64%	-62.93%	+9.29%
Average Drawdown Average peak-to-trough decline	-49.79%	-22.74%	-27.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	3.32%	+4.41%

Volatility

TEPIX vs. OTPIX - Volatility Comparison

ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 10.15% compared to ProFunds NASDAQ-100 Fund (OTPIX) at 4.50%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEPIX	OTPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.15%	4.50%	+5.65%
Volatility (6M) Calculated over the trailing 6-month period	25.07%	12.18%	+12.89%
Volatility (1Y) Calculated over the trailing 1-year period	31.37%	16.06%	+15.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.10%	139.67%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.51%	99.88%	+5.63%

TEPIX vs. OTPIX - Expense Ratio Comparison

Both TEPIX and OTPIX have an expense ratio of 1.48%.

Dividends

TEPIX vs. OTPIX - Dividend Comparison

TEPIX's dividend yield for the trailing twelve months is around 2.04%, more than OTPIX's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
OTPIX ProFunds NASDAQ-100 Fund	1.43%	1.72%	0.76%	0.00%	0.00%	18.31%	1.10%	0.87%	0.00%
TEPIX ProFunds Technology UltraSector Fund	2.04%	3.22%	0.00%	0.37%	0.00%	0.90%	2.31%	0.00%	0.23%

Frequently Asked Questions

Can I hold both TEPIX and OTPIX in my portfolio?

With a correlation of 0.93, TEPIX and OTPIX 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.

Which is riskier, TEPIX or OTPIX?

TEPIX has higher volatility (10.15%) compared to OTPIX (4.50%). In terms of maximum drawdown, TEPIX dropped -89.14% vs OTPIX's -78.93%.

Which has better risk-adjusted returns?

TEPIX currently has the higher Sharpe Ratio (3.60 vs 2.56), 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.