UHPIX vs. BTCFX
UHPIX (ProFunds UltraShort China) and BTCFX (Bitcoin ProFund Investor Class) are both mutual funds - UHPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund actively managed by ProFunds. Over the past 3 years, UHPIX returned -21.49%/yr vs 20.33%/yr for BTCFX. Their -0.29 correlation means they have often moved in opposite directions in the past. UHPIX charges 1.78%/yr vs 1.18%/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 20.85% return, which is significantly higher than BTCFX's -29.55% return.
UHPIX
- 1D
- -3.41%
- 1M
- -21.05%
- 6M
- 28.14%
- YTD
- 20.85%
- 1Y
- -1.04%
- 3Y*
- -21.49%
- 5Y*
- -31.18%
- 10Y*
- -30.99%
- ALL TIME*
- -30.65%
BTCFX
- 1D
- -3.03%
- 1M
- 2.15%
- 6M
- -20.67%
- YTD
- -29.55%
- 1Y
- -46.68%
- 3Y*
- 20.33%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.37%
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 |
UHPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 20.85% | -49.82% | -29.87% | -26.13% | -63.62% | 30.49% |
BTCFX Bitcoin ProFund Investor Class | -29.55% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UHPIX and BTCFX is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -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 -0.37 (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 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.
| UHPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.81 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.89 | +0.96 |
| Martin ratioReturn relative to average drawdown | 0.15 | -1.36 | +1.51 |
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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 | -39.69% | -54.81% | +15.12% |
Max Drawdown (3Y)Largest decline over 3 years | -80.64% | -54.81% | -25.83% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -51.69% | -48.27% |
Average DrawdownAverage peak-to-trough decline | -93.46% | -36.42% | -57.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.19% | 35.75% | -14.56% |
Volatility
UHPIX vs. BTCFX - Volatility Comparison
ProFunds UltraShort China (UHPIX) has a higher volatility of 13.79% compared to Bitcoin ProFund Investor Class (BTCFX) at 9.07%. This indicates that UHPIX'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.
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Volatility by Period
| UHPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 9.07% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 38.31% | 33.83% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.45% | 44.62% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.00% | 54.92% | +27.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 228.56% | 54.92% | +173.64% |
UHPIX vs. BTCFX - Expense Ratio Comparison
UHPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.18% expense ratio.
Dividends
UHPIX vs. BTCFX - Dividend Comparison
UHPIX's dividend yield for the trailing twelve months is around 3.55%, less than BTCFX's 24.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 24.24% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% |
UHPIX ProFunds UltraShort China | 3.55% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
Frequently Asked Questions
UHPIX and BTCFX have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UHPIX has higher volatility (13.79%) compared to BTCFX (9.07%). In terms of maximum drawdown, UHPIX dropped -99.98% vs BTCFX's -77.89%.
UHPIX currently has the higher Sharpe Ratio (0.06 vs -1.09), 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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