URPIX vs. BTCFX
URPIX (ProFunds UltraBear Fund) and BTCFX (Bitcoin ProFund Investor Class) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund actively managed by ProFunds. Over the past 3 years, URPIX returned -28.60%/yr vs 21.38%/yr for BTCFX. Their -0.42 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.18%/yr for BTCFX.
Performance
URPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, URPIX achieves a -17.94% return, which is significantly higher than BTCFX's -28.48% return.
URPIX
- 1D
- -2.96%
- 1M
- -2.80%
- 6M
- -16.55%
- YTD
- -17.94%
- 1Y
- -28.38%
- 3Y*
- -28.60%
- 5Y*
- -21.83%
- 10Y*
- -28.12%
- ALL TIME*
- -21.54%
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 |
URPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -17.94% | -27.06% | -32.89% | -31.77% | 29.74% | -16.61% |
BTCFX Bitcoin ProFund Investor Class | -28.48% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between URPIX and BTCFX is -0.48, 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. | -0.48 |
Correlation (3Y) Balances recent behavior with more history. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.42 |
The correlation between URPIX and BTCFX shifts across timeframes, from -0.48 (1 year) to -0.37 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
URPIX vs. BTCFX — Risk / Return Rank
URPIX
BTCFX
URPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) 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.
| URPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.84 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.28 | -0.46 |
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Drawdowns
URPIX vs. BTCFX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for URPIX and BTCFX.
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Drawdown Indicators
| URPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -77.89% | -22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -54.81% | +24.44% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -54.81% | -15.08% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -50.95% | -48.97% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -36.43% | -42.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 35.90% | -17.52% |
Volatility
URPIX vs. BTCFX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while Bitcoin ProFund Investor Class (BTCFX) has a volatility of 8.89%. This indicates that URPIX 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
| URPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 8.89% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 33.88% | -13.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 44.63% | -18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 54.90% | -20.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 54.90% | -19.25% |
URPIX vs. BTCFX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.18% expense ratio.
Dividends
URPIX vs. BTCFX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, less than BTCFX's 23.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 23.88% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% |
Frequently Asked Questions
URPIX and BTCFX have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCFX has higher volatility (8.89%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs BTCFX's -77.89%.
BTCFX currently has the higher Sharpe Ratio (-1.03 vs -1.19), 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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