GVPIX vs. BTCFX
GVPIX (ProFunds U.S. Government Plus ProFund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - GVPIX is a Leveraged Bonds fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, GVPIX returned -5.88%/yr vs 24.11%/yr for BTCFX. At a correlation of -0.01, they often move in opposite directions. Both charge a 1.41% expense ratio.
Performance
GVPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, GVPIX achieves a -0.23% return, which is significantly higher than BTCFX's -29.29% return.
GVPIX
- 1D
- 0.57%
- 1M
- 3.86%
- YTD
- -0.23%
- 6M
- 0.14%
- 1Y
- 2.85%
- 3Y*
- -5.88%
- 5Y*
- -12.30%
- 10Y*
- -5.03%
BTCFX
- 1D
- -2.05%
- 1M
- -17.14%
- YTD
- -29.29%
- 6M
- -30.05%
- 1Y
- -42.02%
- 3Y*
- 24.11%
- 5Y*
- —
- 10Y*
- —
GVPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GVPIX ProFunds U.S. Government Plus ProFund | -0.23% | 1.62% | -14.10% | -1.95% | -41.27% | 1.50% |
BTCFX Bitcoin ProFund Investor | -29.29% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between GVPIX and BTCFX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.01 |
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Return for Risk
GVPIX vs. BTCFX — Risk / Return Rank
GVPIX
BTCFX
GVPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds U.S. Government Plus ProFund (GVPIX) and Bitcoin ProFund Investor (BTCFX). 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.
| GVPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.85 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.79 | +1.04 |
| Martin ratioReturn relative to average drawdown | 0.58 | -1.36 | +1.94 |
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Drawdowns
GVPIX vs. BTCFX - Drawdown Comparison
The maximum GVPIX drawdown since its inception was -64.42%, smaller than the maximum BTCFX drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for GVPIX and BTCFX.
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Drawdown Indicators
| GVPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.42% | -77.89% | +13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -53.40% | +43.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.71% | -53.40% | +29.69% |
Max Drawdown (5Y)Largest decline over 5 years | -56.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | — | — |
Current DrawdownCurrent decline from peak | -61.51% | -51.51% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -36.06% | +13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 31.21% | -26.81% |
Volatility
GVPIX vs. BTCFX - Volatility Comparison
The current volatility for ProFunds U.S. Government Plus ProFund (GVPIX) is 2.70%, while Bitcoin ProFund Investor (BTCFX) has a volatility of 12.50%. This indicates that GVPIX experiences smaller price fluctuations and is considered to be less risky than BTCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 12.50% | -9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 34.51% | -26.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 44.31% | -33.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 55.33% | -35.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 55.33% | -35.56% |
GVPIX vs. BTCFX - Expense Ratio Comparison
Both GVPIX and BTCFX have an expense ratio of 1.41%.
Dividends
GVPIX vs. BTCFX - Dividend Comparison
GVPIX's dividend yield for the trailing twelve months is around 2.24%, less than BTCFX's 39.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 39.57% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVPIX ProFunds U.S. Government Plus ProFund | 2.24% | 2.69% | 2.35% | 2.75% | 0.00% | 0.00% | 0.05% | 0.84% | 0.65% |
Frequently Asked Questions
GVPIX and BTCFX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCFX has higher volatility (12.50%) compared to GVPIX (2.70%). In terms of maximum drawdown, GVPIX dropped -64.42% vs BTCFX's -77.89%.
GVPIX currently has the higher Sharpe Ratio (0.23 vs -0.96), 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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