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.
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.
Performance
ULPIX vs. UPRO - Performance Comparison
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Key characteristics
ULPIX:
0.42
UPRO:
0.31
ULPIX:
0.74
UPRO:
0.72
ULPIX:
1.11
UPRO:
1.10
ULPIX:
0.38
UPRO:
0.27
ULPIX:
1.31
UPRO:
0.84
ULPIX:
10.39%
UPRO:
15.54%
ULPIX:
40.29%
UPRO:
58.52%
ULPIX:
-89.35%
UPRO:
-76.82%
ULPIX:
-10.98%
UPRO:
-19.46%
Returns By Period
In the year-to-date period, ULPIX achieves a -3.66% return, which is significantly higher than UPRO's -9.79% return. Over the past 10 years, ULPIX has underperformed UPRO with an annualized return of 17.64%, while UPRO has yielded a comparatively higher 21.55% annualized return.
ULPIX
-3.66%
10.70%
-7.99%
16.73%
18.14%
23.59%
17.64%
UPRO
-9.79%
15.76%
-17.37%
14.90%
20.77%
30.70%
21.55%
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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 Rank
ULPIX
UPRO
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.
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Dividends
ULPIX vs. UPRO - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 3.18%, more than UPRO's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 3.18% | 3.06% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 1.11% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% |
Drawdowns
ULPIX vs. UPRO - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.35%, 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.
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Volatility
ULPIX vs. UPRO - Volatility Comparison
The current volatility for ProFunds UltraBull Fund (ULPIX) is 9.58%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 14.24%. 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.
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