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 21.87%/yr vs 21.38%/yr for BTCFX. Their -0.29 correlation means they have often moved in opposite directions in the past. 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 -45.39% return, which is significantly lower than BTCFX's -28.48% return.
UKPIX
- 1D
- -0.34%
- 1M
- 13.92%
- 6M
- -36.50%
- YTD
- -45.39%
- 1Y
- -66.40%
- 3Y*
- 21.87%
- 5Y*
- 1.18%
- 10Y*
- -15.88%
- ALL TIME*
- -17.91%
BTCFX
- 1D
- 1.52%
- 1M
- 3.71%
- 6M
- -17.85%
- YTD
- -28.48%
- 1Y
- -46.66%
- 3Y*
- 21.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.67%
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 |
UKPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -45.39% | -44.54% | 554.47% | -43.26% | 9.92% | -11.94% |
BTCFX Bitcoin ProFund Investor Class | -28.48% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UKPIX and BTCFX is -0.42, 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. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
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 -0.42 (1 year) to -0.25 (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 | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.83 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.84 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.28 | -0.11 |
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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 | -73.93% | -54.81% | -19.12% |
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 | -94.57% | — | — |
Current DrawdownCurrent decline from peak | -99.43% | -50.95% | -48.48% |
Average DrawdownAverage peak-to-trough decline | -82.82% | -36.43% | -46.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.72% | 35.90% | +13.82% |
Volatility
UKPIX vs. BTCFX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 18.54% compared to Bitcoin ProFund Investor Class (BTCFX) at 8.89%. 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 | 18.54% | 8.89% | +9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 45.61% | 33.88% | +11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 44.63% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.81% | 54.90% | +370.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.24% | 54.90% | +247.34% |
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 3.01%, less than BTCFX's 23.88% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 23.88% | 44.62% | 24.28% | 10.95% |
UKPIX ProFunds Ultra Short Japan Fund | 3.01% | 1.65% | 9.69% | 1.62% |
Frequently Asked Questions
UKPIX and BTCFX have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (18.54%) compared to BTCFX (8.89%). In terms of maximum drawdown, UKPIX dropped -99.83% vs BTCFX's -77.89%.
BTCFX currently has the higher Sharpe Ratio (-1.03 vs -1.23), 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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