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ULPIX vs. IXN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ULPIX vs. IXN

Last updated Jun 23, 2026

ULPIX (ProFunds UltraBull Fund) and IXN (iShares Global Tech ETF) are both funds - ULPIX is a Leveraged Equities fund managed by ProFunds, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, ULPIX returned 22.73%/yr vs 25.98%/yr for IXN. Their correlation of 0.82 suggests significant overlap in exposure. ULPIX charges 1.46%/yr vs 0.46%/yr for IXN.

Performance

ULPIX vs. IXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraBull Fund (ULPIX) and iShares Global Tech ETF (IXN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ULPIX achieves a 16.93% return, which is significantly lower than IXN's 40.36% return. Over the past 10 years, ULPIX has underperformed IXN with an annualized return of 22.73%, while IXN has yielded a comparatively higher 25.98% annualized return.

ULPIX

1D
2.14%
1M
0.26%
YTD
16.93%
6M
15.69%
1Y
49.75%
3Y*
31.92%
5Y*
18.48%
10Y*
22.73%

IXN

1D
0.59%
1M
8.90%
YTD
40.36%
6M
40.73%
1Y
70.75%
3Y*
35.39%
5Y*
22.48%
10Y*
25.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ULPIX vs. IXN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ULPIX
ProFunds UltraBull Fund		16.93%25.47%38.03%45.59%-39.16%59.28%19.12%62.17%-15.02%42.77%
IXN
iShares Global Tech ETF		40.36%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%

Correlation

The correlation between ULPIX and IXN 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

0.90

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2001

0.82

The correlation between ULPIX and IXN has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProFunds UltraBull Fund

iShares Global Tech ETF

Often compared with ULPIX:
ULPIX vs. SSOULPIX vs. DXSLXULPIX vs. UOPIXULPIX vs. SPYULPIX vs. RYVVXULPIX vs. RYNVXULPIX vs. VOO
Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC

Return for Risk

ULPIX vs. IXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ULPIX
ULPIX Risk / Return Rank: 5151
Overall Rank
ULPIX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
ULPIX Sortino Ratio Rank: 4242
Sortino Ratio Rank
ULPIX Omega Ratio Rank: 4646
Omega Ratio Rank
ULPIX Calmar Ratio Rank: 5454
Calmar Ratio Rank
ULPIX Martin Ratio Rank: 6262
Martin Ratio Rank
IXN
IXN Risk / Return Rank: 8585
Overall Rank
IXN Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8282
Sortino Ratio Rank
IXN Omega Ratio Rank: 8282
Omega Ratio Rank
IXN Calmar Ratio Rank: 8989
Calmar Ratio Rank
IXN Martin Ratio Rank: 8484
Martin Ratio Rank
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.

ULPIX vs. IXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and iShares Global Tech ETF (IXN). 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.

ULPIXIXNDifference
Sharpe ratioReturn per unit of total volatility
1.98
2.89

-0.91

Sortino ratioReturn per unit of downside risk
2.54
3.47

-0.93

Omega ratioGain probability vs. loss probability

1.34

1.47

-0.13

Calmar ratioReturn relative to maximum drawdown

2.69

5.16

-2.46

Martin ratioReturn relative to average drawdown

11.49

16.70

-5.21

ULPIX vs. IXN - Sharpe Ratio Comparison

The current ULPIX Sharpe Ratio is 1.98, which is lower than the IXN Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of ULPIX and IXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ULPIX vs. IXN - Drawdown Comparison

The maximum ULPIX drawdown since its inception was -89.68%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for ULPIX and IXN.

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Drawdown Indicators

ULPIXIXNDifference

Max Drawdown

Largest peak-to-trough decline

-89.68%

-55.67%

-34.01%

Max Drawdown (1Y)

Largest decline over 1 year

-18.30%

-13.80%

-4.50%

Max Drawdown (3Y)

Largest decline over 3 years

-36.59%

-25.55%

-11.04%

Max Drawdown (5Y)

Largest decline over 5 years

-46.92%

-36.30%

-10.62%

Max Drawdown (10Y)

Largest decline over 10 years

-59.41%

-36.30%

-23.11%

Current Drawdown

Current decline from peak

-3.18%

-1.58%

-1.60%

Average Drawdown

Average peak-to-trough decline

-33.78%

-11.26%

-22.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.28%

4.25%

+0.03%

Volatility

ULPIX vs. IXN - Volatility Comparison

The current volatility for ProFunds UltraBull Fund (ULPIX) is 9.53%, while iShares Global Tech ETF (IXN) has a volatility of 12.73%. This indicates that ULPIX experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ULPIXIXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.53%

12.73%

-3.20%

Volatility (6M)

Calculated over the trailing 6-month period

19.79%

20.80%

-1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

24.90%

24.64%

+0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.10%

25.33%

+8.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.53%

24.66%

+10.87%

ULPIX vs. IXN - Expense Ratio Comparison

ULPIX has a 1.46% expense ratio, which is higher than IXN's 0.46% expense ratio.

Dividends

ULPIX vs. IXN - Dividend Comparison

ULPIX's dividend yield for the trailing twelve months is around 7.79%, more than IXN's 0.74% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.74%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
ULPIX
ProFunds UltraBull Fund		7.79%9.11%0.00%0.02%10.36%5.62%12.74%0.42%0.58%0.00%0.00%0.00%

Frequently Asked Questions

ULPIX and IXN 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.

IXN has higher volatility (12.73%) compared to ULPIX (9.53%). In terms of maximum drawdown, ULPIX dropped -89.68% vs IXN's -55.67%.

IXN currently has the higher Sharpe Ratio (2.89 vs 1.98), 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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