UHPIX vs. BTCFX
UHPIX (ProFunds UltraShort China) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - UHPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, UHPIX returned -26.17%/yr vs 18.48%/yr for BTCFX. At a correlation of -0.29, they often move in opposite directions. UHPIX charges 1.78%/yr vs 1.41%/yr for BTCFX.
Performance
UHPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, UHPIX achieves a 51.66% return, which is significantly higher than BTCFX's -27.61% return.
UHPIX
- 1D
- 1.27%
- 1M
- 23.55%
- YTD
- 51.66%
- 6M
- 55.38%
- 1Y
- 15.20%
- 3Y*
- -26.17%
- 5Y*
- -23.80%
- 10Y*
- -30.50%
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
UHPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 51.66% | -49.82% | -29.87% | -26.13% | -63.62% | 30.49% |
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UHPIX and BTCFX is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.29 |
The correlation between UHPIX and BTCFX shifts across timeframes, from -0.34 (1 year) to -0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UHPIX vs. BTCFX — Risk / Return Rank
UHPIX
BTCFX
UHPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort China (UHPIX) 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.
| UHPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.86 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.76 | +1.03 |
| Martin ratioReturn relative to average drawdown | 0.50 | -1.30 | +1.79 |
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Drawdowns
UHPIX vs. BTCFX - Drawdown Comparison
The maximum UHPIX 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 UHPIX and BTCFX.
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Drawdown Indicators
| UHPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -77.89% | -22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -44.95% | -53.40% | +8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -53.40% | -27.56% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.81% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -50.35% | -49.60% |
Average DrawdownAverage peak-to-trough decline | -93.42% | -36.07% | -57.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.07% | 31.37% | -5.30% |
Volatility
UHPIX vs. BTCFX - Volatility Comparison
The current volatility for ProFunds UltraShort China (UHPIX) is 11.67%, while Bitcoin ProFund Investor (BTCFX) has a volatility of 12.77%. This indicates that UHPIX 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
| UHPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 12.77% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 37.96% | 34.56% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 44.46% | +8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.99% | 55.31% | +27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 228.63% | 55.31% | +173.32% |
UHPIX vs. BTCFX - Expense Ratio Comparison
UHPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.41% expense ratio.
Dividends
UHPIX vs. BTCFX - Dividend Comparison
UHPIX's dividend yield for the trailing twelve months is around 2.83%, less than BTCFX's 38.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% |
UHPIX ProFunds UltraShort China | 2.83% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
Frequently Asked Questions
UHPIX and BTCFX have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCFX has higher volatility (12.77%) compared to UHPIX (11.67%). In terms of maximum drawdown, UHPIX dropped -99.98% vs BTCFX's -77.89%.
UHPIX currently has the higher Sharpe Ratio (0.23 vs -0.92), 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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