UTPIX vs. HCPIX

Last updated Aug 1, 2026

UTPIX (ProFunds Utilities UltraSector Fund) and HCPIX (ProFunds UltraSector Health Care Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UTPIX returned 8.13%/yr vs 9.09%/yr for HCPIX. Their 0.47 correlation means their historical movements had little consistent relationship. UTPIX charges 1.73%/yr vs 1.61%/yr for HCPIX.

Performance

UTPIX vs. HCPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, UTPIX achieves a 5.49% return, which is significantly lower than HCPIX's 6.90% return. Over the past 10 years, UTPIX has underperformed HCPIX with an annualized return of 8.13%, while HCPIX has yielded a comparatively higher 9.09% annualized return.

UTPIX

• 1D: -0.80%
• 1M: -3.90%
• 6M: 3.82%
• YTD: 5.49%
• 1Y: 4.94%
• 3Y*: 13.88%
• 5Y*: 8.68%
• 10Y*: 8.13%
• ALL TIME*: 6.90%

HCPIX

• 1D: -2.49%
• 1M: -0.91%
• 6M: 7.34%
• YTD: 6.90%
• 1Y: 35.92%
• 3Y*: 7.51%
• 5Y*: 2.99%
• 10Y*: 9.09%
• ALL TIME*: 7.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HCPIX ProFunds UltraSector Health Care Fund	$0.00	$0.00	$0.00
UTPIX ProFunds Utilities UltraSector Fund	$0.00	$0.00	$0.00

UTPIX vs. HCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTPIX ProFunds Utilities UltraSector Fund	5.49%	19.28%	27.74%	-15.46%	-2.31%	23.33%	-8.87%	34.24%	2.30%	15.83%
HCPIX ProFunds UltraSector Health Care Fund	6.90%	16.02%	-1.37%	-1.30%	-10.60%	33.92%	16.86%	28.41%	4.96%	19.48%

Correlation

The correlation between UTPIX and HCPIX is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Jul 26, 2000	0.47

The correlation between UTPIX and HCPIX shifts across timeframes, from 0.28 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UTPIX vs. HCPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UTPIX

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

HCPIX

HCPIX Risk / Return Rank: 45
HCPIX Sharpe Ratio Rank: 46
HCPIX Sortino Ratio Rank: 54
HCPIX Omega Ratio Rank: 42
HCPIX Calmar Ratio Rank: 52
HCPIX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UTPIX vs. HCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Utilities UltraSector Fund (UTPIX) and ProFunds UltraSector Health Care Fund (HCPIX). 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	HCPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.32	-1.05
Sortino ratio: Return per unit of downside risk	0.52	2.06	-1.54
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.41	1.95	-1.54
Martin ratio: Return relative to average drawdown	0.82	4.56	-3.74

UTPIX vs. HCPIX - Sharpe Ratio Comparison

The current UTPIX Sharpe Ratio is 0.27, which is lower than the HCPIX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of UTPIX and HCPIX, 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. HCPIX - Drawdown Comparison

The maximum UTPIX drawdown since its inception was -73.56%, which is greater than HCPIX's maximum drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for UTPIX and HCPIX.

Drawdown Indicators

	UTPIX	HCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-73.56%	-64.90%	-8.66%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-16.12%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-27.68%	+8.25%
Max Drawdown (5Y) Largest decline over 5 years	-38.73%	-27.68%	-11.05%
Max Drawdown (10Y) Largest decline over 10 years	-50.82%	-40.66%	-10.16%
Current Drawdown Current decline from peak	-10.04%	-3.39%	-6.65%
Average Drawdown Average peak-to-trough decline	-21.82%	-20.91%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	6.91%	+0.54%

Volatility

UTPIX vs. HCPIX - Volatility Comparison

The current volatility for ProFunds Utilities UltraSector Fund (UTPIX) is 7.21%, while ProFunds UltraSector Health Care Fund (HCPIX) has a volatility of 9.19%. This indicates that UTPIX experiences smaller price fluctuations and is considered to be less risky than HCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTPIX	HCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	9.19%	-1.98%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	18.15%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	23.92%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	22.81%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.13%	25.17%	+3.96%

UTPIX vs. HCPIX - Expense Ratio Comparison

UTPIX has a 1.73% expense ratio, which is higher than HCPIX's 1.61% expense ratio.

Dividends

UTPIX vs. HCPIX - Dividend Comparison

UTPIX's dividend yield for the trailing twelve months is around 0.73%, more than HCPIX's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCPIX ProFunds UltraSector Health Care Fund	0.16%	0.17%	0.82%	0.26%	0.00%	0.00%	0.00%	0.05%	0.03%	0.00%	0.00%	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 HCPIX in my portfolio?

UTPIX and HCPIX have a correlation of 0.28, 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 HCPIX?

HCPIX has higher volatility (9.19%) compared to UTPIX (7.21%). In terms of maximum drawdown, UTPIX dropped -73.56% vs HCPIX's -64.90%.

Which has better risk-adjusted returns?

HCPIX currently has the higher Sharpe Ratio (1.32 vs 0.27), 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.