TEPIX vs. VOO

Last updated Jun 24, 2026

TEPIX (ProFunds Technology UltraSector Fund) and VOO (Vanguard S&P 500 ETF) are both funds - TEPIX is a Leveraged Equities fund managed by ProFunds, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TEPIX returned 14.40%/yr vs 15.61%/yr for VOO. Their correlation of 0.86 suggests significant overlap in exposure. TEPIX charges 1.48%/yr vs 0.03%/yr for VOO.

Performance

TEPIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Technology UltraSector Fund (TEPIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEPIX achieves a 49.95% return, which is significantly higher than VOO's 8.19% return. Over the past 10 years, TEPIX has underperformed VOO with an annualized return of 14.40%, while VOO has yielded a comparatively higher 15.61% annualized return.

TEPIX

• 1D: 0.63%
• 1M: 9.25%
• YTD: 49.95%
• 6M: 46.73%
• 1Y: 89.60%
• 3Y*: -12.74%
• 5Y*: -8.78%
• 10Y*: 14.40%

VOO

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.19%
• 6M: 7.24%
• 1Y: 23.69%
• 3Y*: 20.78%
• 5Y*: 13.13%
• 10Y*: 15.61%

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

TEPIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEPIX ProFunds Technology UltraSector Fund	49.95%	30.08%	-71.46%	91.81%	-51.01%	46.85%	64.53%	71.30%	-5.89%	49.17%
VOO Vanguard S&P 500 ETF	8.19%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between TEPIX and VOO is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.86

The correlation between TEPIX and VOO has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

TEPIX vs. VOO — Risk / Return Rank

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

TEPIX

TEPIX Risk / Return Rank: 73
TEPIX Sharpe Ratio Rank: 88
TEPIX Sortino Ratio Rank: 63
TEPIX Omega Ratio Rank: 65
TEPIX Calmar Ratio Rank: 85
TEPIX Martin Ratio Rank: 62

VOO

VOO Risk / Return Rank: 59
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 56
VOO Omega Ratio Rank: 58
VOO Calmar Ratio Rank: 56
VOO Martin Ratio Rank: 67

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.91	+0.76
Sortino ratio: Return per unit of downside risk	3.03	2.60	+0.43
Omega ratio: Gain probability vs. loss probability	1.41	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	3.78	2.67	+1.11
Martin ratio: Return relative to average drawdown	11.56	11.96	-0.40

TEPIX vs. VOO - Sharpe Ratio Comparison

The current TEPIX Sharpe Ratio is 2.68, which is higher than the VOO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of TEPIX and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEPIX vs. VOO - Drawdown Comparison

The maximum TEPIX drawdown since its inception was -89.14%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TEPIX and VOO.

Drawdown Indicators

	TEPIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-89.14%	-33.99%	-55.15%
Max Drawdown (1Y) Largest decline over 1 year	-24.64%	-8.90%	-15.74%
Max Drawdown (3Y) Largest decline over 3 years	-85.79%	-18.69%	-67.10%
Max Drawdown (5Y) Largest decline over 5 years	-85.79%	-24.52%	-61.27%
Max Drawdown (10Y) Largest decline over 10 years	-85.79%	-33.99%	-51.80%
Current Drawdown Current decline from peak	-58.34%	-3.14%	-55.20%
Average Drawdown Average peak-to-trough decline	-49.89%	-3.68%	-46.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.04%	1.99%	+6.05%

Volatility

TEPIX vs. VOO - Volatility Comparison

ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 17.67% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEPIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	4.83%	+12.84%
Volatility (6M) Calculated over the trailing 6-month period	29.05%	9.82%	+19.23%
Volatility (1Y) Calculated over the trailing 1-year period	34.88%	12.46%	+22.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.36%	16.91%	+35.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.58%	18.02%	+26.56%

TEPIX vs. VOO - Expense Ratio Comparison

TEPIX has a 1.48% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

TEPIX vs. VOO - Dividend Comparison

TEPIX's dividend yield for the trailing twelve months is around 2.15%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEPIX ProFunds Technology UltraSector Fund	2.15%	3.22%	0.00%	0.37%	0.00%	0.90%	2.31%	0.00%	0.23%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both TEPIX and VOO in my portfolio?

TEPIX and VOO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEPIX or VOO?

TEPIX has higher volatility (17.67%) compared to VOO (4.83%). In terms of maximum drawdown, TEPIX dropped -89.14% vs VOO's -33.99%.

Which has better risk-adjusted returns?

TEPIX currently has the higher Sharpe Ratio (2.68 vs 1.91), 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.