BTCFX vs. SBIT
BTCFX (Bitcoin ProFund Investor) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. Over the past year, BTCFX returned -40.56% vs 71.04% for SBIT. At a correlation of -0.99, they often move in opposite directions. BTCFX charges 1.41%/yr vs 0.95%/yr for SBIT.
Performance
BTCFX vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTCFX achieves a -27.61% return, which is significantly lower than SBIT's 45.97% return.
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 6.59%
- 1M
- 41.04%
- YTD
- 45.97%
- 6M
- 46.69%
- 1Y
- 71.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCFX vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 25.75% |
SBIT Proshares Ultrashort Bitcoin ETF | 45.97% | -25.11% | -73.74% |
Correlation
The correlation between BTCFX and SBIT is -0.99, 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 | -0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.99 |
The correlation between BTCFX and SBIT has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
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Return for Risk
BTCFX vs. SBIT — Risk / Return Rank
BTCFX
SBIT
BTCFX vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin ProFund Investor (BTCFX) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.49 | -2.25 |
| Martin ratioReturn relative to average drawdown | -1.30 | 3.11 | -4.40 |
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Drawdowns
BTCFX vs. SBIT - Drawdown Comparison
The maximum BTCFX drawdown since its inception was -77.89%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BTCFX and SBIT.
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Drawdown Indicators
| BTCFX | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.89% | -91.35% | +13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -53.40% | -47.94% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -53.40% | — | — |
Current DrawdownCurrent decline from peak | -50.35% | -76.84% | +26.49% |
Average DrawdownAverage peak-to-trough decline | -36.07% | -68.66% | +32.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.37% | 23.93% | +7.44% |
Volatility
BTCFX vs. SBIT - Volatility Comparison
The current volatility for Bitcoin ProFund Investor (BTCFX) is 12.77%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 26.11%. This indicates that BTCFX experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCFX | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.77% | 26.11% | -13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 34.56% | 68.77% | -34.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.46% | 88.37% | -43.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.31% | 97.39% | -42.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.31% | 97.39% | -42.08% |
BTCFX vs. SBIT - Expense Ratio Comparison
BTCFX has a 1.41% expense ratio, which is higher than SBIT's 0.95% expense ratio.
Dividends
BTCFX vs. SBIT - Dividend Comparison
BTCFX's dividend yield for the trailing twelve months is around 38.65%, more than SBIT's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.21% | 0.52% | 1.00% | 0.00% |
Frequently Asked Questions
BTCFX and SBIT have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (26.11%) compared to BTCFX (12.77%). In terms of maximum drawdown, BTCFX dropped -77.89% vs SBIT's -91.35%.
SBIT currently has the higher Sharpe Ratio (0.81 vs -0.92), 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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