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BTCFX vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BTCFX vs. GBTC

Last updated May 12, 2025

Compare and contrast key facts about Bitcoin ProFund Investor (BTCFX) and Grayscale Bitcoin Trust (BTC) (GBTC).

BTCFX is managed by ProFunds. It was launched on Jul 28, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCFX or GBTC.

Correlation

The correlation between BTCFX and GBTC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

BTCFX vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin ProFund Investor (BTCFX) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

BTCFX:

51.60%

GBTC:

53.79%

Max Drawdown

BTCFX:

0.00%

GBTC:

-89.91%

Current Drawdown

BTCFX:

0.00%

GBTC:

-3.82%

Returns By Period

BTCFX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

GBTC

YTD

10.06%

1M

22.94%

6M

33.45%

1Y

69.21%

5Y*

54.02%

10Y*

68.89%

*Annualized

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Risk-Adjusted Performance

BTCFX vs. GBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTCFX
The Risk-Adjusted Performance Rank of BTCFX is 8383
Overall Rank
The Sharpe Ratio Rank of BTCFX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCFX is 8383
Sortino Ratio Rank
The Omega Ratio Rank of BTCFX is 8080
Omega Ratio Rank
The Calmar Ratio Rank of BTCFX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BTCFX is 8080
Martin Ratio Rank
GBTC
The Risk-Adjusted Performance Rank of GBTC is 8686
Overall Rank
The Sharpe Ratio Rank of GBTC is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 8484
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 7979
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 9393
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 8686
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTCFX vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin ProFund Investor (BTCFX) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.

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Dividends

BTCFX vs. GBTC - Dividend Comparison

Neither BTCFX nor GBTC has paid dividends to shareholders.

TTM20242023202220212020201920182017
BTCFX
Bitcoin ProFund Investor		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%

Drawdowns

BTCFX vs. GBTC - Drawdown Comparison

The maximum BTCFX drawdown since its inception was 0.00%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTCFX and GBTC. For additional features, visit the drawdowns tool.

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Volatility

BTCFX vs. GBTC - Volatility Comparison

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