ULPIX vs. WCPIX

Last updated Jun 5, 2026

ULPIX (ProFunds UltraBull Fund) and WCPIX (Communication Services UltraSector ProFund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, ULPIX returned 22.78%/yr vs 16.91%/yr for WCPIX. A 0.63 correlation means they provide meaningful diversification when combined. ULPIX charges 1.46%/yr vs 1.78%/yr for WCPIX.

Performance

ULPIX vs. WCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraBull Fund (ULPIX) and Communication Services UltraSector ProFund (WCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULPIX achieves a 19.01% return, which is significantly higher than WCPIX's -8.71% return. Over the past 10 years, ULPIX has outperformed WCPIX with an annualized return of 22.78%, while WCPIX has yielded a comparatively lower 16.91% annualized return.

ULPIX

• 1D: -1.46%
• 1M: 7.95%
• YTD: 19.01%
• 6M: 18.37%
• 1Y: 51.95%
• 3Y*: 35.23%
• 5Y*: 18.18%
• 10Y*: 22.78%

WCPIX

• 1D: -2.05%
• 1M: -4.98%
• YTD: -8.71%
• 6M: -6.32%
• 1Y: 10.92%
• 3Y*: 27.84%
• 5Y*: 7.19%
• 10Y*: 16.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ULPIX vs. WCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULPIX ProFunds UltraBull Fund	19.01%	25.47%	38.03%	45.59%	-39.16%	59.28%	19.12%	62.17%	-15.02%	42.77%
WCPIX Communication Services UltraSector ProFund	-8.71%	28.70%	47.44%	78.07%	-54.07%	25.49%	33.81%	21.51%	22.32%	-1.70%

Correlation

The correlation between ULPIX and WCPIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 20, 2000	0.63

The correlation between ULPIX and WCPIX shifts across timeframes, from 0.63 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ULPIX vs. WCPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ULPIX

ULPIX Risk / Return Rank: 53
ULPIX Sharpe Ratio Rank: 55
ULPIX Sortino Ratio Rank: 45
ULPIX Omega Ratio Rank: 47
ULPIX Calmar Ratio Rank: 56
ULPIX Martin Ratio Rank: 64

WCPIX

WCPIX Risk / Return Rank: 8
WCPIX Sharpe Ratio Rank: 8
WCPIX Sortino Ratio Rank: 9
WCPIX Omega Ratio Rank: 8
WCPIX Calmar Ratio Rank: 8
WCPIX Martin Ratio Rank: 9

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. WCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and Communication Services UltraSector ProFund (WCPIX). 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.

	ULPIX	WCPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.61	+1.60
Sortino ratio: Return per unit of downside risk	2.82	1.00	+1.82
Omega ratio: Gain probability vs. loss probability	1.37	1.11	+0.26
Calmar ratio: Return relative to maximum drawdown	2.85	0.75	+2.10
Martin ratio: Return relative to average drawdown	12.53	2.28	+10.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULPIX vs. WCPIX - Sharpe Ratio Comparison

The current ULPIX Sharpe Ratio is 2.20, which is higher than the WCPIX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ULPIX and WCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ULPIX	WCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	0.61	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.05	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.17	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.01	+0.24

Drawdowns

ULPIX vs. WCPIX - Drawdown Comparison

The maximum ULPIX drawdown since its inception was -89.68%, smaller than the maximum WCPIX drawdown of -98.94%. Use the drawdown chart below to compare losses from any high point for ULPIX and WCPIX.

Drawdown Indicators

	ULPIX	WCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-89.68%	-98.94%	+9.26%
Max Drawdown (1Y) Largest decline over 1 year	-18.30%	-16.09%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-36.59%	-76.29%	+39.70%
Max Drawdown (5Y) Largest decline over 5 years	-46.92%	-76.29%	+29.37%
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	-76.29%	+16.88%
Current Drawdown Current decline from peak	-1.46%	-74.59%	+73.13%
Average Drawdown Average peak-to-trough decline	-33.83%	-86.49%	+52.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	5.28%	-1.12%

Volatility

ULPIX vs. WCPIX - Volatility Comparison

ProFunds UltraBull Fund (ULPIX) and Communication Services UltraSector ProFund (WCPIX) have volatilities of 5.80% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULPIX	WCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	5.58%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	14.41%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.74%	19.89%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.92%	135.06%	-101.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.44%	98.30%	-62.86%

ULPIX vs. WCPIX - Expense Ratio Comparison

ULPIX has a 1.46% expense ratio, which is lower than WCPIX's 1.78% expense ratio.

Dividends

ULPIX vs. WCPIX - Dividend Comparison

ULPIX's dividend yield for the trailing twelve months is around 7.66%, more than WCPIX's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ULPIX ProFunds UltraBull Fund	7.66%	9.11%	0.00%	0.02%	10.36%	5.62%	12.74%	0.42%	0.58%
WCPIX Communication Services UltraSector ProFund	1.53%	1.40%	0.00%	0.00%	0.00%	4.15%	0.00%	2.97%	0.00%

Frequently Asked Questions

Can I hold both ULPIX and WCPIX in my portfolio?

ULPIX and WCPIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULPIX or WCPIX?

ULPIX has higher volatility (5.80%) compared to WCPIX (5.58%). In terms of maximum drawdown, ULPIX dropped -89.68% vs WCPIX's -98.94%.

Which has better risk-adjusted returns?

ULPIX currently has the higher Sharpe Ratio (2.20 vs 0.61), 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.