UTPIX vs. BMPIX

Last updated Jun 23, 2026

UTPIX (ProFunds Utilities UltraSector Fund) and BMPIX (ProFunds Basic Materials UltraSector Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UTPIX returned 8.62%/yr vs 10.28%/yr for BMPIX. At a 0.45 correlation, their price movements are largely independent. UTPIX charges 1.73%/yr vs 1.89%/yr for BMPIX.

Performance

UTPIX vs. BMPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Utilities UltraSector Fund (UTPIX) and ProFunds Basic Materials UltraSector Fund (BMPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTPIX achieves a 5.47% return, which is significantly lower than BMPIX's 19.88% return. Over the past 10 years, UTPIX has underperformed BMPIX with an annualized return of 8.62%, while BMPIX has yielded a comparatively higher 10.28% annualized return.

UTPIX

• 1D: 0.96%
• 1M: -2.50%
• YTD: 5.47%
• 6M: 6.14%
• 1Y: 16.40%
• 3Y*: 13.87%
• 5Y*: 9.70%
• 10Y*: 8.62%

BMPIX

• 1D: -0.68%
• 1M: 4.11%
• YTD: 19.88%
• 6M: 18.37%
• 1Y: 28.02%
• 3Y*: 9.75%
• 5Y*: 7.06%
• 10Y*: 10.28%

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

UTPIX vs. BMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTPIX ProFunds Utilities UltraSector Fund	5.47%	19.28%	27.74%	-15.46%	-2.31%	23.33%	-8.87%	34.24%	2.30%	15.83%
BMPIX ProFunds Basic Materials UltraSector Fund	19.88%	9.09%	-5.35%	15.30%	-16.22%	38.93%	18.27%	25.13%	-26.81%	34.96%

Correlation

The correlation between UTPIX and BMPIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001	0.45

The correlation between UTPIX and BMPIX shifts across timeframes, from 0.33 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UTPIX vs. BMPIX — Risk / Return Rank

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

UTPIX

UTPIX Risk / Return Rank: 10
UTPIX Sharpe Ratio Rank: 10
UTPIX Sortino Ratio Rank: 10
UTPIX Omega Ratio Rank: 9
UTPIX Calmar Ratio Rank: 13
UTPIX Martin Ratio Rank: 9

BMPIX

BMPIX Risk / Return Rank: 16
BMPIX Sharpe Ratio Rank: 15
BMPIX Sortino Ratio Rank: 16
BMPIX Omega Ratio Rank: 14
BMPIX Calmar Ratio Rank: 18
BMPIX Martin Ratio Rank: 16

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.

UTPIX vs. BMPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Utilities UltraSector Fund (UTPIX) and ProFunds Basic Materials UltraSector Fund (BMPIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UTPIX	BMPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.03	-0.27
Sortino ratio: Return per unit of downside risk	1.13	1.56	-0.43
Omega ratio: Gain probability vs. loss probability	1.14	1.18	-0.04
Calmar ratio: Return relative to maximum drawdown	1.14	1.46	-0.32
Martin ratio: Return relative to average drawdown	2.40	4.04	-1.64

UTPIX vs. BMPIX - Sharpe Ratio Comparison

The current UTPIX Sharpe Ratio is 0.76, which is comparable to the BMPIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of UTPIX and BMPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UTPIX vs. BMPIX - Drawdown Comparison

The maximum UTPIX drawdown since its inception was -73.56%, smaller than the maximum BMPIX drawdown of -84.22%. Use the drawdown chart below to compare losses from any high point for UTPIX and BMPIX.

Drawdown Indicators

	UTPIX	BMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-73.56%	-84.22%	+10.66%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-18.38%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-25.70%	-34.54%	+8.84%
Max Drawdown (5Y) Largest decline over 5 years	-38.73%	-38.50%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-50.82%	-61.41%	+10.59%
Current Drawdown Current decline from peak	-10.06%	-6.22%	-3.84%
Average Drawdown Average peak-to-trough decline	-21.88%	-24.08%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.02%	6.64%	+0.38%

Volatility

UTPIX vs. BMPIX - Volatility Comparison

The current volatility for ProFunds Utilities UltraSector Fund (UTPIX) is 8.13%, while ProFunds Basic Materials UltraSector Fund (BMPIX) has a volatility of 9.18%. This indicates that UTPIX experiences smaller price fluctuations and is considered to be less risky than BMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTPIX	BMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	9.18%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	20.33%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	26.19%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	29.67%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.09%	32.17%	-3.08%

UTPIX vs. BMPIX - Expense Ratio Comparison

UTPIX has a 1.73% expense ratio, which is lower than BMPIX's 1.89% expense ratio.

Dividends

UTPIX vs. BMPIX - Dividend Comparison

UTPIX's dividend yield for the trailing twelve months is around 0.73%, less than BMPIX's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMPIX ProFunds Basic Materials UltraSector Fund	1.51%	1.81%	0.94%	0.96%	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.16%	0.00%
UTPIX ProFunds Utilities UltraSector Fund	0.73%	0.77%	0.00%	1.74%	0.97%	0.20%	0.58%	1.72%	0.66%	0.74%	0.83%	1.41%

Frequently Asked Questions

Can I hold both UTPIX and BMPIX in my portfolio?

UTPIX and BMPIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTPIX or BMPIX?

BMPIX has higher volatility (9.18%) compared to UTPIX (8.13%). In terms of maximum drawdown, UTPIX dropped -73.56% vs BMPIX's -84.22%.

Which has better risk-adjusted returns?

BMPIX currently has the higher Sharpe Ratio (1.03 vs 0.76), 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.