TEPIX vs. USNQX
TEPIX (ProFunds Technology UltraSector Fund) and USNQX (USAA Nasdaq 100 Index Fund) are both mutual funds - TEPIX is a Leveraged Equities fund managed by ProFunds, while USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 10 years, TEPIX returned 10.94%/yr vs 19.98%/yr for USNQX. Their 0.96 correlation means they have historically moved very closely together. TEPIX charges 1.48%/yr vs 0.42%/yr for USNQX.
Performance
TEPIX vs. USNQX - Performance Comparison
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Returns By Period
In the year-to-date period, TEPIX achieves a 29.95% return, which is significantly higher than USNQX's 11.42% return. Over the past 10 years, TEPIX has underperformed USNQX with an annualized return of 10.94%, while USNQX has yielded a comparatively higher 19.98% annualized return.
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%
USNQX
- 1D
- 3.39%
- 1M
- -4.21%
- 6M
- 10.11%
- YTD
- 11.42%
- 1Y
- 23.71%
- 3Y*
- 21.71%
- 5Y*
- 13.81%
- 10Y*
- 19.98%
- ALL TIME*
- 9.08%
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 |
TEPIX vs. USNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
USNQX USAA Nasdaq 100 Index Fund | 11.42% | 20.52% | 25.42% | 54.46% | -32.71% | 26.82% | 48.31% | 38.86% | -0.43% | 32.30% |
Correlation
The correlation between TEPIX and USNQX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.96 |
The correlation between TEPIX and USNQX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
TEPIX vs. USNQX — Risk / Return Rank
TEPIX
USNQX
TEPIX vs. USNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) and USAA Nasdaq 100 Index Fund (USNQX). 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.
| TEPIX | USNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.72 | +0.12 |
| Martin ratioReturn relative to average drawdown | 4.85 | 5.53 | -0.68 |
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Drawdowns
TEPIX vs. USNQX - Drawdown Comparison
The maximum TEPIX drawdown since its inception was -89.14%, which is greater than USNQX's maximum drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for TEPIX and USNQX.
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Drawdown Indicators
| TEPIX | USNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -76.24% | -12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -24.64% | -12.07% | -12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -85.79% | -22.88% | -62.91% |
Max Drawdown (5Y)Largest decline over 5 years | -85.79% | -36.95% | -48.84% |
Max Drawdown (10Y)Largest decline over 10 years | -85.79% | -36.95% | -48.84% |
Current DrawdownCurrent decline from peak | -63.89% | -8.32% | -55.57% |
Average DrawdownAverage peak-to-trough decline | -49.94% | -26.61% | -23.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 3.75% | +5.58% |
Volatility
TEPIX vs. USNQX - Volatility Comparison
ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 14.74% compared to USAA Nasdaq 100 Index Fund (USNQX) at 6.91%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEPIX | USNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 6.91% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 16.01% | +16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.48% | 19.39% | +19.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.84% | 23.39% | +29.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.79% | 22.86% | +21.93% |
TEPIX vs. USNQX - Expense Ratio Comparison
TEPIX has a 1.48% expense ratio, which is higher than USNQX's 0.42% expense ratio.
Dividends
TEPIX vs. USNQX - Dividend Comparison
TEPIX's dividend yield for the trailing twelve months is around 2.48%, less than USNQX's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEPIX ProFunds Technology UltraSector Fund | 2.48% | 3.22% | 0.00% | 0.37% | 0.00% | 0.90% | 2.31% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
USNQX USAA Nasdaq 100 Index Fund | 2.71% | 3.01% | 2.19% | 2.60% | 4.13% | 4.48% | 1.53% | 0.88% | 0.69% | 1.97% | 0.50% | 2.73% |
Frequently Asked Questions
With a correlation of 0.95, TEPIX and USNQX 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 (14.74%) compared to USNQX (6.91%). In terms of maximum drawdown, TEPIX dropped -89.14% vs USNQX's -76.24%.
TEPIX currently has the higher Sharpe Ratio (1.18 vs 1.07), 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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