UKPIX vs. BTCFX
UKPIX (ProFunds Ultra Short Japan Fund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - UKPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, UKPIX returned 13.45%/yr vs 18.48%/yr for BTCFX. At a correlation of -0.29, they often move in opposite directions. UKPIX charges 1.78%/yr vs 1.41%/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 -57.52% return, which is significantly lower than BTCFX's -27.61% return.
UKPIX
- 1D
- -3.00%
- 1M
- -27.10%
- YTD
- -57.52%
- 6M
- -57.32%
- 1Y
- -76.59%
- 3Y*
- 13.45%
- 5Y*
- -2.39%
- 10Y*
- -19.34%
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
UKPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -57.52% | -44.54% | 554.47% | -43.26% | 9.92% | -11.94% |
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UKPIX and BTCFX is -0.41, 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 | -0.41 |
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 -0.41 (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 (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 | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 0.86 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.76 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.63 | -1.30 | -0.33 |
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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 | -76.38% | -53.40% | -22.98% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -53.40% | -30.22% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.41% | — | — |
Current DrawdownCurrent decline from peak | -99.56% | -50.35% | -49.21% |
Average DrawdownAverage peak-to-trough decline | -82.73% | -36.07% | -46.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.84% | 31.37% | +16.47% |
Volatility
UKPIX vs. BTCFX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 20.75% compared to Bitcoin ProFund Investor (BTCFX) at 12.77%. 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 | 20.75% | 12.77% | +7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 34.56% | +6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.78% | 44.46% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.72% | 55.31% | +370.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.24% | 55.31% | +246.93% |
UKPIX vs. BTCFX - Expense Ratio Comparison
UKPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.41% expense ratio.
Dividends
UKPIX vs. BTCFX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.87%, less than BTCFX's 38.65% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% |
UKPIX ProFunds Ultra Short Japan Fund | 3.87% | 1.65% | 9.69% | 1.62% |
Frequently Asked Questions
UKPIX and BTCFX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (20.75%) compared to BTCFX (12.77%). In terms of maximum drawdown, UKPIX dropped -99.83% vs BTCFX's -77.89%.
BTCFX currently has the higher Sharpe Ratio (-0.92 vs -1.49), 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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