ULPIX vs. UPRO
Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and ProShares UltraPro S&P 500 (UPRO).
ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULPIX or UPRO.
Correlation
The correlation between ULPIX and UPRO is 0.99, 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.
Performance
ULPIX vs. UPRO - Performance Comparison
Key characteristics
ULPIX:
1.68
UPRO:
1.76
ULPIX:
2.12
UPRO:
2.20
ULPIX:
1.31
UPRO:
1.30
ULPIX:
1.85
UPRO:
2.04
ULPIX:
10.90
UPRO:
10.75
ULPIX:
4.01%
UPRO:
6.12%
ULPIX:
25.94%
UPRO:
37.42%
ULPIX:
-89.55%
UPRO:
-76.82%
ULPIX:
-7.25%
UPRO:
-10.80%
Returns By Period
In the year-to-date period, ULPIX achieves a 42.13% return, which is significantly lower than UPRO's 63.29% return. Over the past 10 years, ULPIX has underperformed UPRO with an annualized return of 15.23%, while UPRO has yielded a comparatively higher 23.54% annualized return.
ULPIX
42.13%
-1.23%
10.53%
42.01%
12.65%
15.23%
UPRO
63.29%
-2.17%
13.75%
62.97%
21.28%
23.54%
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ULPIX vs. UPRO - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
ULPIX vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and ProShares UltraPro S&P 500 (UPRO). 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.
Dividends
ULPIX vs. UPRO - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 0.63%, less than UPRO's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 0.63% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.64% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
ULPIX vs. UPRO - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.55%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for ULPIX and UPRO. For additional features, visit the drawdowns tool.
Volatility
ULPIX vs. UPRO - Volatility Comparison
The current volatility for ProFunds UltraBull Fund (ULPIX) is 7.47%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.05%. This indicates that ULPIX experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.