RRPIX vs. BTCFX

Last updated Jun 23, 2026

RRPIX (ProFunds Rising Rates Opportunity Fund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - RRPIX is a Inverse Bonds fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, RRPIX returned 6.45%/yr vs 24.11%/yr for BTCFX. At a 0.01 correlation, their price movements are largely independent. RRPIX charges 1.52%/yr vs 1.41%/yr for BTCFX.

Performance

RRPIX vs. BTCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Rising Rates Opportunity Fund (RRPIX) and Bitcoin ProFund Investor (BTCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RRPIX achieves a 0.95% return, which is significantly higher than BTCFX's -29.29% return.

RRPIX

• 1D: -0.55%
• 1M: -3.50%
• YTD: 0.95%
• 6M: 0.74%
• 1Y: -0.10%
• 3Y*: 6.45%
• 5Y*: 11.47%
• 10Y*: 1.53%

BTCFX

• 1D: -2.05%
• 1M: -17.14%
• YTD: -29.29%
• 6M: -30.05%
• 1Y: -42.02%
• 3Y*: 24.11%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RRPIX vs. BTCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RRPIX ProFunds Rising Rates Opportunity Fund	0.95%	0.93%	13.26%	2.52%	56.59%	-4.46%
BTCFX Bitcoin ProFund Investor	-29.29%	-11.83%	102.93%	133.31%	-64.04%	-3.69%

Correlation

The correlation between RRPIX 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	-0.03
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.01

Return for Risk

RRPIX vs. BTCFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RRPIX

RRPIX Risk / Return Rank: 3
RRPIX Sharpe Ratio Rank: 3
RRPIX Sortino Ratio Rank: 3
RRPIX Omega Ratio Rank: 3
RRPIX Calmar Ratio Rank: 3
RRPIX Martin Ratio Rank: 3

BTCFX

BTCFX Risk / Return Rank: 1
BTCFX Sharpe Ratio Rank: 1
BTCFX Sortino Ratio Rank: 0
BTCFX Omega Ratio Rank: 1
BTCFX Calmar Ratio Rank: 0
BTCFX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RRPIX vs. BTCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Rising Rates Opportunity Fund (RRPIX) 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.

	RRPIX	BTCFX	Difference
Sharpe ratio: Return per unit of total volatility	0.02	-0.96	+0.97
Sortino ratio: Return per unit of downside risk	0.10	-1.38	+1.48
Omega ratio: Gain probability vs. loss probability	1.01	0.85	+0.17
Calmar ratio: Return relative to maximum drawdown	0.02	-0.79	+0.82
Martin ratio: Return relative to average drawdown	0.04	-1.36	+1.40

RRPIX vs. BTCFX - Sharpe Ratio Comparison

The current RRPIX Sharpe Ratio is 0.02, which is higher than the BTCFX Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of RRPIX and BTCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RRPIX vs. BTCFX - Drawdown Comparison

The maximum RRPIX drawdown since its inception was -89.37%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for RRPIX and BTCFX.

Drawdown Indicators

	RRPIX	BTCFX	Difference
Max Drawdown Largest peak-to-trough decline	-89.37%	-77.89%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-53.40%	+44.67%
Max Drawdown (3Y) Largest decline over 3 years	-20.95%	-53.40%	+32.45%
Max Drawdown (5Y) Largest decline over 5 years	-20.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	—	—
Current Drawdown Current decline from peak	-77.79%	-51.51%	-26.28%
Average Drawdown Average peak-to-trough decline	-60.51%	-36.06%	-24.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	31.21%	-27.14%

Volatility

RRPIX vs. BTCFX - Volatility Comparison

The current volatility for ProFunds Rising Rates Opportunity Fund (RRPIX) is 2.75%, while Bitcoin ProFund Investor (BTCFX) has a volatility of 12.50%. This indicates that RRPIX 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.

Volatility by Period

	RRPIX	BTCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	12.50%	-9.75%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	34.51%	-26.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	44.31%	-33.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	55.33%	-35.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	55.33%	-35.49%

RRPIX vs. BTCFX - Expense Ratio Comparison

RRPIX has a 1.52% expense ratio, which is higher than BTCFX's 1.41% expense ratio.

Dividends

RRPIX vs. BTCFX - Dividend Comparison

RRPIX's dividend yield for the trailing twelve months is around 3.47%, less than BTCFX's 39.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BTCFX Bitcoin ProFund Investor	39.57%	44.62%	24.28%	10.95%	0.00%	0.00%	0.00%	0.00%
RRPIX ProFunds Rising Rates Opportunity Fund	3.47%	3.50%	0.00%	4.94%	0.00%	0.00%	0.00%	1.26%

Frequently Asked Questions

Can I hold both RRPIX and BTCFX in my portfolio?

RRPIX 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.

Which is riskier, RRPIX or BTCFX?

BTCFX has higher volatility (12.50%) compared to RRPIX (2.75%). In terms of maximum drawdown, RRPIX dropped -89.37% vs BTCFX's -77.89%.

Which has better risk-adjusted returns?

RRPIX currently has the higher Sharpe Ratio (0.02 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.