BCH-USD vs. UVXY

Last updated Jun 5, 2026

BCH-USD (Bitcoin Cash) is a cryptocurrency, while UVXY (ProShares Ultra VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Over the past 5 years, BCH-USD returned -17.86%/yr vs -67.56%/yr for UVXY. At a correlation of -0.16, they often move in opposite directions.

Performance

BCH-USD vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Cash (BCH-USD) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCH-USD achieves a -59.43% return, which is significantly lower than UVXY's -14.61% return.

BCH-USD

• 1D: -0.09%
• 1M: -47.35%
• YTD: -59.43%
• 6M: -57.75%
• 1Y: -39.36%
• 3Y*: 30.71%
• 5Y*: -17.86%
• 10Y*: —

UVXY

• 1D: 11.00%
• 1M: -15.64%
• YTD: -14.61%
• 6M: -31.46%
• 1Y: -72.10%
• 3Y*: -62.41%
• 5Y*: -67.56%
• 10Y*: -72.46%

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

BCH-USD vs. UVXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCH-USD Bitcoin Cash	-59.43%	38.15%	66.88%	167.70%	-77.45%	25.69%	68.04%	37.94%	-93.76%	329.48%
UVXY ProShares Ultra VIX Short-Term Futures ETF	-14.61%	-65.32%	-50.90%	-87.70%	-44.81%	-88.33%	-17.38%	-84.23%	60.10%	-65.73%

Correlation

The correlation between BCH-USD and UVXY is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.20
Correlation (5Y) Calculated over the trailing 5-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Jul 23, 2017	-0.16

Return for Risk

BCH-USD vs. UVXY — Risk / Return Rank

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

BCH-USD

BCH-USD Risk / Return Rank: 48
BCH-USD Sharpe Ratio Rank: 57
BCH-USD Sortino Ratio Rank: 59
BCH-USD Omega Ratio Rank: 59
BCH-USD Calmar Ratio Rank: 65
BCH-USD Martin Ratio Rank: 1

UVXY

UVXY Risk / Return Rank: 2
UVXY Sharpe Ratio Rank: 2
UVXY Sortino Ratio Rank: 1
UVXY Omega Ratio Rank: 2
UVXY Calmar Ratio Rank: 1
UVXY Martin Ratio Rank: 3

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.

BCH-USD vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

	BCH-USD	UVXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	-0.85	+0.26
Sortino ratio: Return per unit of downside risk	-0.59	-1.54	+0.95
Omega ratio: Gain probability vs. loss probability	0.94	0.82	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.95	+0.32
Martin ratio: Return relative to average drawdown	-1.88	-1.29	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCH-USD vs. UVXY - Sharpe Ratio Comparison

The current BCH-USD Sharpe Ratio is -0.59, which is higher than the UVXY Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of BCH-USD and UVXY, 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

	BCH-USD	UVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	-0.85	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	-0.65	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.68	+0.60

Drawdowns

BCH-USD vs. UVXY - Drawdown Comparison

The maximum BCH-USD drawdown since its inception was -97.96%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BCH-USD and UVXY.

Drawdown Indicators

	BCH-USD	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-97.96%	-100.00%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	-62.87%	-76.19%	+13.32%
Max Drawdown (3Y) Largest decline over 3 years	-65.01%	-95.25%	+30.24%
Max Drawdown (5Y) Largest decline over 5 years	-88.64%	-99.69%	+11.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-93.52%	-100.00%	+6.48%
Average Drawdown Average peak-to-trough decline	-86.07%	-98.55%	+12.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.52%	56.03%	-31.51%

Volatility

BCH-USD vs. UVXY - Volatility Comparison

Bitcoin Cash (BCH-USD) has a higher volatility of 18.47% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 16.95%. This indicates that BCH-USD's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCH-USD	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.47%	16.95%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	46.38%	63.72%	-17.34%
Volatility (1Y) Calculated over the trailing 1-year period	55.74%	85.27%	-29.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.96%	103.90%	-33.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.87%	113.86%	-15.99%

Frequently Asked Questions

Can I hold both BCH-USD and UVXY in my portfolio?

BCH-USD and UVXY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCH-USD or UVXY?

BCH-USD has higher volatility (18.47%) compared to UVXY (16.95%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs UVXY's -100.00%.

Which has better risk-adjusted returns?

BCH-USD currently has the higher Sharpe Ratio (-0.59 vs -0.85), 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.