USPIX vs. BTC-USD
USPIX (ProFunds UltraShort NASDAQ-100 Fund) is Inverse Equities fund managed by ProFunds, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, USPIX returned -39.58%/yr vs 57.45%/yr for BTC-USD. At a correlation of -0.13, they often move in opposite directions.
Performance
USPIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -30.25% return, which is significantly lower than BTC-USD's -28.58% return. Over the past 10 years, USPIX has underperformed BTC-USD with an annualized return of -39.58%, while BTC-USD has yielded a comparatively higher 57.45% annualized return.
USPIX
- 1D
- -0.63%
- 1M
- -2.12%
- 6M
- -27.42%
- YTD
- -30.25%
- 1Y
- -42.41%
- 3Y*
- -38.71%
- 5Y*
- -31.51%
- 10Y*
- -39.58%
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
USPIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -30.25% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
BTC-USD Bitcoin | -28.58% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between USPIX and BTC-USD is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2012 | -0.13 |
Over the past year, the inverse relationship between USPIX and BTC-USD has strengthened: their correlation has moved from -0.13 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
USPIX vs. BTC-USD — Risk / Return Rank
USPIX
BTC-USD
USPIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and Bitcoin (BTC-USD). 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.
| USPIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.90 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.85 | -1.46 | -0.39 |
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Drawdowns
USPIX vs. BTC-USD - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for USPIX and BTC-USD.
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Drawdown Indicators
| USPIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -85.30% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -45.06% | -53.08% | +8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -53.08% | -27.88% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -76.67% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -83.80% | -15.57% |
Current DrawdownCurrent decline from peak | -100.00% | -49.89% | -50.11% |
Average DrawdownAverage peak-to-trough decline | -96.44% | -42.55% | -53.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.87% | 28.99% | -6.12% |
Volatility
USPIX vs. BTC-USD - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 16.92% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.92% | 8.86% | +8.06% |
Volatility (6M)Calculated over the trailing 6-month period | 30.22% | 34.96% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.80% | 35.56% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.90% | 43.94% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.60% | 56.32% | -11.72% |
Frequently Asked Questions
USPIX and BTC-USD have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (16.92%) compared to BTC-USD (8.86%). In terms of maximum drawdown, USPIX dropped -100.00% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-1.11 vs -1.15), 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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