Correlation
The correlation between ULPIX and IXN is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ULPIX vs. IXN
Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and iShares Global Tech ETF (IXN).
ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULPIX or IXN.
Performance
ULPIX vs. IXN - Performance Comparison
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Key characteristics
ULPIX:
0.38
IXN:
0.35
ULPIX:
0.74
IXN:
0.55
ULPIX:
1.11
IXN:
1.07
ULPIX:
0.39
IXN:
0.29
ULPIX:
1.32
IXN:
0.87
ULPIX:
10.37%
IXN:
8.39%
ULPIX:
40.32%
IXN:
29.90%
ULPIX:
-89.35%
IXN:
-55.67%
ULPIX:
-10.92%
IXN:
-4.92%
Returns By Period
In the year-to-date period, ULPIX achieves a -3.60% return, which is significantly lower than IXN's -0.83% return. Both investments have delivered pretty close results over the past 10 years, with ULPIX having a 17.63% annualized return and IXN not far ahead at 18.49%.
ULPIX
-3.60%
12.19%
-7.93%
16.81%
17.67%
23.60%
17.63%
IXN
-0.83%
9.33%
0.53%
10.31%
18.77%
18.71%
18.49%
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ULPIX vs. IXN - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than IXN's 0.46% expense ratio.
Risk-Adjusted Performance
ULPIX vs. IXN — Risk-Adjusted Performance Rank
ULPIX
IXN
ULPIX vs. IXN - Risk-Adjusted Performance 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.
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Dividends
ULPIX vs. IXN - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 3.17%, more than IXN's 0.43% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 3.17% | 3.06% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
IXN iShares Global Tech ETF | 0.43% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% |
Drawdowns
ULPIX vs. IXN - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.35%, 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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Volatility
ULPIX vs. IXN - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) has a higher volatility of 9.57% compared to iShares Global Tech ETF (IXN) at 6.06%. This indicates that ULPIX's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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