GVPIX vs. BTCFX
GVPIX (ProFunds U.S. Government Plus ProFund) and BTCFX (Bitcoin ProFund Investor Class) are both mutual funds - GVPIX is a Leveraged Bonds fund managed by ProFunds, while BTCFX is a Cryptocurrency fund actively managed by ProFunds. Over the past 3 years, GVPIX returned -6.71%/yr vs 21.79%/yr for BTCFX. Their -0.01 correlation means they have often moved in opposite directions in the past. GVPIX charges 1.41%/yr vs 1.18%/yr for BTCFX.
Performance
GVPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, GVPIX achieves a -5.62% return, which is significantly higher than BTCFX's -27.35% return.
GVPIX
- 1D
- -0.17%
- 1M
- -4.07%
- 6M
- -4.71%
- YTD
- -5.62%
- 1Y
- -4.73%
- 3Y*
- -6.71%
- 5Y*
- -13.86%
- 10Y*
- -6.16%
- ALL TIME*
- 1.23%
BTCFX
- 1D
- 2.08%
- 1M
- 5.34%
- 6M
- -23.89%
- YTD
- -27.35%
- 1Y
- -45.02%
- 3Y*
- 21.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GVPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GVPIX ProFunds U.S. Government Plus ProFund | -5.62% | 1.62% | -14.10% | -1.95% | -41.27% | 1.50% |
BTCFX Bitcoin ProFund Investor Class | -27.35% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between GVPIX and BTCFX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
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 Class (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 | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.82 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.86 | +0.57 |
| Martin ratioReturn relative to average drawdown | -0.59 | -1.32 | +0.74 |
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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% | -54.81% | +44.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | -54.81% | +34.43% |
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 | -63.59% | -50.18% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -36.41% | +13.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 35.60% | -30.59% |
Volatility
GVPIX vs. BTCFX - Volatility Comparison
The current volatility for ProFunds U.S. Government Plus ProFund (GVPIX) is 2.93%, while Bitcoin ProFund Investor Class (BTCFX) has a volatility of 8.58%. 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 | 2.93% | 8.58% | -5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 34.17% | -26.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 44.53% | -33.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 54.92% | -35.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 54.92% | -35.27% |
GVPIX vs. BTCFX - Expense Ratio Comparison
GVPIX has a 1.41% expense ratio, which is higher than BTCFX's 1.18% expense ratio.
Dividends
GVPIX vs. BTCFX - Dividend Comparison
GVPIX's dividend yield for the trailing twelve months is around 2.09%, less than BTCFX's 32.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 23.51% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVPIX ProFunds U.S. Government Plus ProFund | 2.09% | 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 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCFX has higher volatility (8.58%) compared to GVPIX (2.93%). In terms of maximum drawdown, GVPIX dropped -64.42% vs BTCFX's -77.89%.
GVPIX currently has the higher Sharpe Ratio (-0.27 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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