Correlation
The correlation between ULPIX and SPY is 0.98, 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. SPY
Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and SPDR S&P 500 ETF (SPY).
ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULPIX or SPY.
Performance
ULPIX vs. SPY - Performance Comparison
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Key characteristics
ULPIX:
0.38
SPY:
0.70
ULPIX:
0.74
SPY:
1.02
ULPIX:
1.11
SPY:
1.15
ULPIX:
0.39
SPY:
0.68
ULPIX:
1.32
SPY:
2.57
ULPIX:
10.37%
SPY:
4.93%
ULPIX:
40.32%
SPY:
20.42%
ULPIX:
-89.35%
SPY:
-55.19%
ULPIX:
-10.92%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ULPIX achieves a -3.60% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, ULPIX has outperformed SPY with an annualized return of 17.63%, while SPY has yielded a comparatively lower 12.73% annualized return.
ULPIX
-3.60%
12.19%
-7.93%
16.81%
17.67%
23.60%
17.63%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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ULPIX vs. SPY - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ULPIX vs. SPY — Risk-Adjusted Performance Rank
ULPIX
SPY
ULPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 3.17%, more than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ULPIX vs. SPY - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ULPIX and SPY.
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Volatility
ULPIX vs. SPY - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) has a higher volatility of 9.57% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ULPIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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