UKPIX vs. BTCFX
UKPIX (ProFunds Ultra Short Japan Fund) and BTCFX (Bitcoin ProFund Investor Class) are both mutual funds - UKPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund actively managed by ProFunds. Over the past 3 years, UKPIX returned 16.21%/yr vs 18.92%/yr for BTCFX. At a correlation of -0.29, they often move in opposite directions. UKPIX charges 1.78%/yr vs 1.18%/yr for BTCFX.
Performance
UKPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, UKPIX achieves a -53.43% return, which is significantly lower than BTCFX's -28.27% return.
UKPIX
- 1D
- -0.70%
- 1M
- -8.07%
- 6M
- -46.05%
- YTD
- -53.43%
- 1Y
- -73.07%
- 3Y*
- 16.21%
- 5Y*
- -0.73%
- 10Y*
- -17.12%
BTCFX
- 1D
- 1.08%
- 1M
- 0.36%
- 6M
- -31.29%
- YTD
- -28.27%
- 1Y
- -48.39%
- 3Y*
- 18.92%
- 5Y*
- —
- 10Y*
- —
UKPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -53.43% | -44.54% | 554.47% | -43.26% | 9.92% | -11.94% |
BTCFX Bitcoin ProFund Investor Class | -28.27% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UKPIX and BTCFX is -0.39, 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 | -0.39 |
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 UKPIX and BTCFX shifts across timeframes, from -0.39 (1 year) to -0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UKPIX vs. BTCFX — Risk / Return Rank
UKPIX
BTCFX
UKPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Japan Fund (UKPIX) 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.
| UKPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 0.83 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.51 | -1.38 | -0.14 |
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Drawdowns
UKPIX vs. BTCFX - Drawdown Comparison
The maximum UKPIX drawdown since its inception was -99.83%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for UKPIX and BTCFX.
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Drawdown Indicators
| UKPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -77.89% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -75.44% | -54.81% | -20.63% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -54.81% | -28.81% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.80% | — | — |
Current DrawdownCurrent decline from peak | -99.51% | -50.81% | -48.70% |
Average DrawdownAverage peak-to-trough decline | -82.77% | -36.25% | -46.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.06% | 33.58% | +14.48% |
Volatility
UKPIX vs. BTCFX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 23.17% compared to Bitcoin ProFund Investor Class (BTCFX) at 10.96%. This indicates that UKPIX'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
| UKPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.17% | 10.96% | +12.21% |
Volatility (6M)Calculated over the trailing 6-month period | 44.60% | 34.76% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.11% | 44.62% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.61% | 55.15% | +370.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.10% | 55.15% | +246.95% |
UKPIX vs. BTCFX - Expense Ratio Comparison
UKPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.18% expense ratio.
Dividends
UKPIX vs. BTCFX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.53%, less than BTCFX's 32.72% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 32.72% | 44.62% | 24.28% | 10.95% |
UKPIX ProFunds Ultra Short Japan Fund | 3.53% | 1.65% | 9.69% | 1.62% |
Frequently Asked Questions
UKPIX and BTCFX have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (23.17%) compared to BTCFX (10.96%). In terms of maximum drawdown, UKPIX dropped -99.83% vs BTCFX's -77.89%.
BTCFX currently has the higher Sharpe Ratio (-1.04 vs -1.35), 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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