BTCFX vs. SBIT
BTCFX (Bitcoin ProFund Investor Class) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. BTCFX is actively managed, while SBIT is passively managed. Over the past year, BTCFX returned -48.39% vs 124.12% for SBIT. At a correlation of -0.99, they often move in opposite directions. BTCFX charges 1.18%/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 -28.27% return, which is significantly lower than SBIT's 44.00% return.
BTCFX
- 1D
- 1.08%
- 1M
- 0.36%
- 6M
- -31.29%
- YTD
- -28.27%
- 1Y
- -48.39%
- 3Y*
- 18.92%
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.38%
- 1M
- 1.44%
- 6M
- 58.27%
- YTD
- 44.00%
- 1Y
- 124.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCFX vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | -28.27% | -11.83% | 25.75% |
SBIT Proshares Ultrashort Bitcoin ETF | 44.00% | -25.11% | -73.74% |
Correlation
The correlation between BTCFX and SBIT is -1.00, 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 | -1.00 |
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 -1.00 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 Class (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 | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.60 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.38 | 5.92 | -7.30 |
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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 | -54.81% | -47.94% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -54.81% | — | — |
Current DrawdownCurrent decline from peak | -50.81% | -77.15% | +26.34% |
Average DrawdownAverage peak-to-trough decline | -36.25% | -68.83% | +32.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.58% | 21.04% | +12.54% |
Volatility
BTCFX vs. SBIT - Volatility Comparison
The current volatility for Bitcoin ProFund Investor Class (BTCFX) is 10.96%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. 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 | 10.96% | 22.98% | -12.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.76% | 68.89% | -34.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.62% | 88.51% | -43.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.15% | 96.89% | -41.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.15% | 96.89% | -41.74% |
BTCFX vs. SBIT - Expense Ratio Comparison
BTCFX has a 1.18% 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 32.72%, more than SBIT's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 32.72% | 44.62% | 24.28% | 10.95% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.97% | 0.52% | 1.00% | 0.00% |
Frequently Asked Questions
BTCFX and SBIT have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (22.98%) compared to BTCFX (10.96%). In terms of maximum drawdown, BTCFX dropped -77.89% vs SBIT's -91.35%.
SBIT currently has the higher Sharpe Ratio (1.41 vs -1.04), 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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