UDPIX vs. SMPIX
UDPIX (ProFunds Ultra Dow 30 ProFund) and SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UDPIX returned 21.78%/yr vs 20.71%/yr for SMPIX. A 0.65 correlation means they provide meaningful diversification when combined. UDPIX charges 1.54%/yr vs 1.52%/yr for SMPIX.
Performance
UDPIX vs. SMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UDPIX achieves a 13.17% return, which is significantly lower than SMPIX's 80.13% return. Both investments have delivered pretty close results over the past 10 years, with UDPIX having a 21.78% annualized return and SMPIX not far behind at 20.71%.
UDPIX
- 1D
- 0.52%
- 1M
- 4.21%
- YTD
- 13.17%
- 6M
- 11.25%
- 1Y
- 40.87%
- 3Y*
- 25.10%
- 5Y*
- 14.62%
- 10Y*
- 21.78%
SMPIX
- 1D
- 1.05%
- 1M
- 13.00%
- YTD
- 80.13%
- 6M
- 76.63%
- 1Y
- 170.88%
- 3Y*
- -6.27%
- 5Y*
- 2.00%
- 10Y*
- 20.71%
UDPIX vs. SMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDPIX ProFunds Ultra Dow 30 ProFund | 13.17% | 19.96% | 18.13% | 23.94% | -19.89% | 52.21% | 15.74% | 47.47% | -13.82% | 54.86% |
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 80.13% | 56.35% | -77.32% | 155.37% | -54.31% | 80.17% | 60.77% | 77.97% | -17.56% | 42.78% |
Correlation
The correlation between UDPIX and SMPIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | 0.65 |
Over the past year, the correlation between UDPIX and SMPIX has dropped to 0.39 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
UDPIX vs. SMPIX — Risk / Return Rank
UDPIX
SMPIX
UDPIX vs. SMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Dow 30 ProFund (UDPIX) and ProFunds Semiconductor UltraSector Fund Investor Class (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.
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.
| UDPIX | SMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 7.67 | -5.42 |
| Martin ratioReturn relative to average drawdown | 8.21 | 22.13 | -13.92 |
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Drawdowns
UDPIX vs. SMPIX - Drawdown Comparison
The maximum UDPIX drawdown since its inception was -81.97%, smaller than the maximum SMPIX drawdown of -94.52%. Use the drawdown chart below to compare losses from any high point for UDPIX and SMPIX.
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Drawdown Indicators
| UDPIX | SMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.97% | -94.52% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -19.37% | -22.72% | +3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -33.41% | -94.52% | +61.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -94.52% | +54.08% |
Max Drawdown (10Y)Largest decline over 10 years | -63.40% | -94.52% | +31.12% |
Current DrawdownCurrent decline from peak | -1.21% | -72.81% | +71.60% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -57.64% | +40.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 7.85% | -2.56% |
Volatility
UDPIX vs. SMPIX - Volatility Comparison
The current volatility for ProFunds Ultra Dow 30 ProFund (UDPIX) is 8.50%, while ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a volatility of 23.65%. This indicates that UDPIX 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.
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Volatility by Period
| UDPIX | SMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 23.65% | -15.15% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 40.05% | -20.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 50.99% | -26.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 71.47% | -41.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 59.64% | -24.43% |
UDPIX vs. SMPIX - Expense Ratio Comparison
UDPIX has a 1.54% expense ratio, which is higher than SMPIX's 1.52% expense ratio.
Dividends
UDPIX vs. SMPIX - Dividend Comparison
UDPIX's dividend yield for the trailing twelve months is around 3.45%, less than SMPIX's 7.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 7.23% | 13.02% | 0.16% | 0.00% | 0.00% | 6.57% | 0.00% | 2.26% | 40.03% | 0.11% | 0.45% | 0.68% |
UDPIX ProFunds Ultra Dow 30 ProFund | 3.45% | 3.90% | 0.00% | 0.95% | 0.00% | 13.43% | 14.53% | 1.96% | 0.93% | 0.02% | 0.00% | 0.00% |
Frequently Asked Questions
UDPIX and SMPIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMPIX has higher volatility (23.65%) compared to UDPIX (8.50%). In terms of maximum drawdown, UDPIX dropped -81.97% vs SMPIX's -94.52%.
SMPIX currently has the higher Sharpe Ratio (3.42 vs 1.75), 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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