UFPIX vs. BTCFX

Last updated Jun 4, 2026

UFPIX (ProFunds UltraShort Latin America Fund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - UFPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, UFPIX returned -32.77%/yr vs 25.47%/yr for BTCFX. At a correlation of -0.25, they often move in opposite directions. UFPIX charges 1.78%/yr vs 1.41%/yr for BTCFX.

Performance

UFPIX vs. BTCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraShort Latin America Fund (UFPIX) 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, UFPIX achieves a -35.18% return, which is significantly lower than BTCFX's -24.39% return.

UFPIX

• 1D: -1.89%
• 1M: 6.06%
• YTD: -35.18%
• 6M: -34.74%
• 1Y: -57.67%
• 3Y*: -32.77%
• 5Y*: -27.90%
• 10Y*: -32.92%

BTCFX

• 1D: -6.10%
• 1M: -16.39%
• YTD: -24.39%
• 6M: -29.06%
• 1Y: -39.91%
• 3Y*: 25.47%
• 5Y*: —
• 10Y*: —

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

UFPIX vs. BTCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UFPIX ProFunds UltraShort Latin America Fund	-35.18%	-54.35%	49.13%	-43.28%	-35.80%	14.06%
BTCFX Bitcoin ProFund Investor	-24.39%	-11.83%	102.93%	133.31%	-64.04%	-3.69%

Correlation

The correlation between UFPIX and BTCFX is -0.30, 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	-0.30
Correlation (3Y) Calculated over the trailing 3-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021	-0.25

Return for Risk

UFPIX vs. BTCFX — Risk / Return Rank

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

UFPIX

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

BTCFX

BTCFX Risk / Return Rank: 1
BTCFX Sharpe Ratio Rank: 1
BTCFX Sortino Ratio Rank: 1
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.

UFPIX vs. BTCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Latin America Fund (UFPIX) 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.

	UFPIX	BTCFX	Difference
Sharpe ratio Return per unit of total volatility	-1.45	-0.89	-0.56
Sortino ratio Return per unit of downside risk	-2.63	-1.22	-1.41
Omega ratio Gain probability vs. loss probability	0.72	0.86	-0.14
Calmar ratio Return relative to maximum drawdown	-0.91	-0.77	-0.14
Martin ratio Return relative to average drawdown	-1.48	-1.33	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFPIX vs. BTCFX - Sharpe Ratio Comparison

The current UFPIX Sharpe Ratio is -1.45, which is lower than the BTCFX Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of UFPIX 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.

Sharpe Ratios by Period

	UFPIX	BTCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.45	-0.89	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.03	-0.20

Drawdowns

UFPIX vs. BTCFX - Drawdown Comparison

The maximum UFPIX drawdown since its inception was -99.98%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for UFPIX and BTCFX.

Drawdown Indicators

	UFPIX	BTCFX	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-77.89%	-22.09%
Max Drawdown (1Y) Largest decline over 1 year	-64.09%	-50.35%	-13.74%
Max Drawdown (3Y) Largest decline over 3 years	-90.23%	-50.35%	-39.88%
Max Drawdown (5Y) Largest decline over 5 years	-95.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.39%	—	—
Current Drawdown Current decline from peak	-99.94%	-48.15%	-51.79%
Average Drawdown Average peak-to-trough decline	-93.60%	-35.94%	-57.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.31%	29.17%	+10.14%

Volatility

UFPIX vs. BTCFX - Volatility Comparison

ProFunds UltraShort Latin America Fund (UFPIX) has a higher volatility of 11.19% compared to Bitcoin ProFund Investor (BTCFX) at 9.82%. This indicates that UFPIX's price experiences larger fluctuations and is considered to be riskier than BTCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFPIX	BTCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	9.82%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	33.48%	35.00%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	40.24%	43.90%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	341.70%	55.42%	+286.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	245.90%	55.42%	+190.48%

UFPIX vs. BTCFX - Expense Ratio Comparison

UFPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.41% expense ratio.

Dividends

UFPIX vs. BTCFX - Dividend Comparison

UFPIX's dividend yield for the trailing twelve months is around 14.68%, less than BTCFX's 37.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BTCFX Bitcoin ProFund Investor	37.01%	44.62%	24.28%	10.95%	0.00%	0.00%	0.00%	0.00%
UFPIX ProFunds UltraShort Latin America Fund	14.68%	9.52%	0.00%	2.64%	0.00%	0.00%	0.00%	0.36%

Frequently Asked Questions

Can I hold both UFPIX and BTCFX in my portfolio?

UFPIX and BTCFX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFPIX or BTCFX?

UFPIX has higher volatility (11.19%) compared to BTCFX (9.82%). In terms of maximum drawdown, UFPIX dropped -99.98% vs BTCFX's -77.89%.

Which has better risk-adjusted returns?

BTCFX currently has the higher Sharpe Ratio (-0.89 vs -1.45), 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.