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Is ProFunds Internet UltraSector Investor (INPIX) a Strong Mutual Fund Pick Right Now?
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Having trouble finding a Mutual Fund Equity Report fund? ProFunds Internet UltraSector Investor (INPIX - Free Report) is a potential starting point. INPIX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
ProFunds is based in Columbus, OH, and is the manager of INPIX. ProFunds Internet UltraSector Investor debuted in June of 2000. Since then, INPIX has accumulated assets of about $224.72 million, according to the most recently available information. Michael Neches is the fund's current manager and has held that role since October of 2013.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. INPIX has a 5-year annualized total return of 23.95% and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 17.45%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 25.34%, the standard deviation of INPIX over the past three years is 33.38%. The standard deviation of the fund over the past 5 years is 31.02% compared to the category average of 22.47%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 1.62, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. INPIX has generated a negative alpha over the past five years of -0.24, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, INPIX is a no load fund. It has an expense ratio of 1.52% compared to the category average of 1.29%. INPIX is actually more expensive than its peers when you consider factors like cost.
This fund requires a minimum initial investment of $15,000, while there is no minimum for each subsequent investment.
Bottom Line
Overall, ProFunds Internet UltraSector Investor ( INPIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and higher fees, ProFunds Internet UltraSector Investor ( INPIX ) looks like a good potential choice for investors right now.
Want even more information about INPIX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
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Is ProFunds Internet UltraSector Investor (INPIX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Mutual Fund Equity Report fund? ProFunds Internet UltraSector Investor (INPIX - Free Report) is a potential starting point. INPIX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
ProFunds is based in Columbus, OH, and is the manager of INPIX. ProFunds Internet UltraSector Investor debuted in June of 2000. Since then, INPIX has accumulated assets of about $224.72 million, according to the most recently available information. Michael Neches is the fund's current manager and has held that role since October of 2013.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. INPIX has a 5-year annualized total return of 23.95% and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 17.45%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 25.34%, the standard deviation of INPIX over the past three years is 33.38%. The standard deviation of the fund over the past 5 years is 31.02% compared to the category average of 22.47%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 1.62, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. INPIX has generated a negative alpha over the past five years of -0.24, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, INPIX is a no load fund. It has an expense ratio of 1.52% compared to the category average of 1.29%. INPIX is actually more expensive than its peers when you consider factors like cost.
This fund requires a minimum initial investment of $15,000, while there is no minimum for each subsequent investment.
Bottom Line
Overall, ProFunds Internet UltraSector Investor ( INPIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and higher fees, ProFunds Internet UltraSector Investor ( INPIX ) looks like a good potential choice for investors right now.
Want even more information about INPIX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.