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 -38.40%/yr vs 59.66%/yr for BTC-USD. Their -0.13 correlation means they have often moved in opposite directions in the past.
Performance
USPIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -21.82% return, which is significantly higher than BTC-USD's -27.75% return. Over the past 10 years, USPIX has underperformed BTC-USD with an annualized return of -38.40%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
USPIX
- 1D
- -6.68%
- 1M
- 8.37%
- 6M
- -20.22%
- YTD
- -21.82%
- 1Y
- -35.87%
- 3Y*
- -34.61%
- 5Y*
- -29.64%
- 10Y*
- -38.40%
- ALL TIME*
- -35.20%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $0.00 | $0.00 | $0.00 |
USPIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -21.82% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
BTC-USD Bitcoin | -27.75% | -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 -0.37, 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. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 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 -0.37, 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 | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.85 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.83 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.27 | -0.06 |
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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 | -99.34% | -83.80% | -15.54% |
Current DrawdownCurrent decline from peak | -100.00% | -49.31% | -50.69% |
Average DrawdownAverage peak-to-trough decline | -96.44% | -42.73% | -53.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.54% | 24.94% | -0.40% |
Volatility
USPIX vs. BTC-USD - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 13.82% compared to Bitcoin (BTC-USD) at 8.45%. 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 | 13.82% | 8.45% | +5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 31.92% | 33.72% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.65% | 35.86% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.17% | 43.65% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.75% | 56.22% | -11.47% |
Frequently Asked Questions
USPIX and BTC-USD have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (13.82%) compared to BTC-USD (8.45%). In terms of maximum drawdown, USPIX dropped -100.00% vs BTC-USD's -85.30%.
USPIX currently has the higher Sharpe Ratio (-0.85 vs -1.02), 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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