UGPIX vs. SMH
UGPIX (ProFunds UltraChina) and SMH (VanEck Semiconductor ETF) are both funds - UGPIX is a Leveraged Equities fund managed by ProFunds, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, UGPIX returned 7.63%/yr vs 34.16%/yr for SMH. Their 0.13 correlation means their historical movements had little consistent relationship. UGPIX charges 1.74%/yr vs 0.35%/yr for SMH.
Performance
UGPIX vs. SMH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UGPIX achieves a -32.30% return, which is significantly lower than SMH's 50.09% return. Over the past 10 years, UGPIX has underperformed SMH with an annualized return of 7.63%, while SMH has yielded a comparatively higher 34.16% annualized return.
UGPIX
- 1D
- 1.36%
- 1M
- 19.83%
- 6M
- -35.18%
- YTD
- -32.30%
- 1Y
- -24.92%
- 3Y*
- -18.59%
- 5Y*
- 10.33%
- 10Y*
- 7.63%
- ALL TIME*
- -1.22%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.28B | $7.64B | $7.07B | |
UGPIX ProFunds UltraChina | $0.00 | $0.00 | $0.00 |
UGPIX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGPIX ProFunds UltraChina | -32.30% | 36.28% | -21.79% | 785.09% | -53.03% | -73.86% | 76.47% | 40.07% | -46.51% | 105.73% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between UGPIX and SMH is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2000 | 0.13 |
Over the past year, UGPIX and SMH have become more correlated (0.40) than their long-term average of 0.13, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UGPIX vs. SMH — Risk / Return Rank
UGPIX
SMH
UGPIX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraChina (UGPIX) and VanEck Semiconductor ETF (SMH). 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.
| UGPIX | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.36 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 3.58 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.73 | 14.64 | -15.37 |
Loading charts...
Drawdowns
UGPIX vs. SMH - Drawdown Comparison
The maximum UGPIX drawdown since its inception was -98.56%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for UGPIX and SMH.
Loading charts...
Drawdown Indicators
| UGPIX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -84.96% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -65.51% | -24.62% | -40.89% |
Max Drawdown (3Y)Largest decline over 3 years | -65.51% | -35.74% | -29.77% |
Max Drawdown (5Y)Largest decline over 5 years | -88.22% | -45.30% | -42.92% |
Max Drawdown (10Y)Largest decline over 10 years | -96.22% | -45.30% | -50.92% |
Current DrawdownCurrent decline from peak | -80.75% | -19.19% | -61.56% |
Average DrawdownAverage peak-to-trough decline | -79.77% | -40.89% | -38.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.83% | 6.01% | +30.82% |
Volatility
UGPIX vs. SMH - Volatility Comparison
ProFunds UltraChina (UGPIX) and VanEck Semiconductor ETF (SMH) have volatilities of 13.99% and 14.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UGPIX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.99% | 14.70% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 37.67% | 33.13% | +4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.08% | 38.57% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 387.93% | 36.50% | +351.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 276.46% | 33.32% | +243.14% |
UGPIX vs. SMH - Expense Ratio Comparison
UGPIX has a 1.74% expense ratio, which is higher than SMH's 0.35% expense ratio.
Dividends
UGPIX vs. SMH - Dividend Comparison
UGPIX's dividend yield for the trailing twelve months is around 8.93%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
UGPIX ProFunds UltraChina | 8.93% | 6.05% | 2.91% | 3.25% | 0.00% | 0.00% | 0.00% | 0.08% | 0.00% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
UGPIX and SMH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.70%) compared to UGPIX (13.99%). In terms of maximum drawdown, UGPIX dropped -98.56% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs -0.51), 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.
Find the right allocation for UGPIX and SMH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer