I just bought the Razer Wolverine V3 Tournament Edition controller, and when using the "Razer Controller Setup For Xbox" app, the tutorial says I can just hold the little circle button on the controller followed by either A,B,X,Y to switch profiles.
Unfortunately I've found no way of actually mapping the profiles to the ABXY buttons. I'm guessing there IS a way, as the tutorial explicitly said there was, but I've not figured it out.