BTCFX vs. MSTR
BTCFX (Bitcoin ProFund Investor Class) is Cryptocurrency fund actively managed by ProFunds, while MSTR (Strategy Inc) is a stock. Over the past 3 years, BTCFX returned 18.92%/yr vs 26.14%/yr for MSTR. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
BTCFX vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, BTCFX achieves a -28.27% return, which is significantly higher than MSTR's -39.39% return.
BTCFX
- 1D
- 1.08%
- 1M
- 0.36%
- 6M
- -31.29%
- YTD
- -28.27%
- 1Y
- -48.39%
- 3Y*
- 18.92%
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -2.68%
- 1M
- -25.71%
- 6M
- -43.23%
- YTD
- -39.39%
- 1Y
- -78.81%
- 3Y*
- 26.14%
- 5Y*
- 10.45%
- 10Y*
- 17.27%
BTCFX vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | -28.27% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
MSTR Strategy Inc | -39.39% | -47.53% | 358.54% | 346.15% | -74.00% | -27.28% |
Correlation
The correlation between BTCFX and MSTR is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.77 |
The correlation between BTCFX and MSTR has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
BTCFX vs. MSTR — Risk / Return Rank
BTCFX
MSTR
BTCFX vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin ProFund Investor Class (BTCFX) and Strategy Inc (MSTR). 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.
| BTCFX | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.76 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.96 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.38 | 0.00 |
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Drawdowns
BTCFX vs. MSTR - Drawdown Comparison
The maximum BTCFX drawdown since its inception was -77.89%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BTCFX and MSTR.
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Drawdown Indicators
| BTCFX | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.89% | -99.86% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -54.81% | -81.95% | +27.14% |
Max Drawdown (3Y)Largest decline over 3 years | -54.81% | -82.63% | +27.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -50.81% | -80.56% | +29.75% |
Average DrawdownAverage peak-to-trough decline | -36.25% | -86.43% | +50.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.58% | 57.18% | -23.60% |
Volatility
BTCFX vs. MSTR - Volatility Comparison
The current volatility for Bitcoin ProFund Investor Class (BTCFX) is 10.96%, while Strategy Inc (MSTR) has a volatility of 26.76%. This indicates that BTCFX experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCFX | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 26.76% | -15.80% |
Volatility (6M)Calculated over the trailing 6-month period | 34.76% | 61.05% | -26.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.62% | 74.29% | -29.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.15% | 90.78% | -35.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.15% | 74.25% | -19.10% |
Dividends
BTCFX vs. MSTR - Dividend Comparison
BTCFX's dividend yield for the trailing twelve months is around 32.72%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 32.72% | 44.62% | 24.28% | 10.95% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCFX and MSTR have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (26.76%) compared to BTCFX (10.96%). In terms of maximum drawdown, BTCFX dropped -77.89% vs MSTR's -99.86%.
BTCFX currently has the higher Sharpe Ratio (-1.04 vs -1.06), 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.
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