UVPIX vs. BTCFX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - UVPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, UVPIX returned -31.12%/yr vs 17.18%/yr for BTCFX. At a correlation of -0.37, they often move in opposite directions. UVPIX charges 1.78%/yr vs 1.41%/yr for BTCFX.
Performance
UVPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, UVPIX achieves a -8.81% return, which is significantly higher than BTCFX's -29.96% return.
UVPIX
- 1D
- 6.02%
- 1M
- 4.99%
- YTD
- -8.81%
- 6M
- -7.80%
- 1Y
- -33.56%
- 3Y*
- -31.12%
- 5Y*
- -17.79%
- 10Y*
- -27.55%
BTCFX
- 1D
- -3.25%
- 1M
- -17.91%
- YTD
- -29.96%
- 6M
- -29.83%
- 1Y
- -43.84%
- 3Y*
- 17.18%
- 5Y*
- —
- 10Y*
- —
UVPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UVPIX ProFunds Ultra Short Emerging Market Fund | -8.81% | -49.90% | -17.67% | -27.06% | 1.35% | 19.12% |
BTCFX Bitcoin ProFund Investor | -29.96% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UVPIX and BTCFX is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.37 |
The correlation between UVPIX and BTCFX shifts across timeframes, from -0.44 (1 year) to -0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UVPIX vs. BTCFX — Risk / Return Rank
UVPIX
BTCFX
UVPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Emerging Market Fund (UVPIX) 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.
| UVPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.85 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.80 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.35 | +0.12 |
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Drawdowns
UVPIX vs. BTCFX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for UVPIX and BTCFX.
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Drawdown Indicators
| UVPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -77.89% | -21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -43.77% | -53.40% | +9.63% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -53.40% | -22.01% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.71% | — | — |
Current DrawdownCurrent decline from peak | -99.84% | -51.97% | -47.87% |
Average DrawdownAverage peak-to-trough decline | -89.50% | -36.09% | -53.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.43% | 31.54% | +0.89% |
Volatility
UVPIX vs. BTCFX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) has a higher volatility of 15.32% compared to Bitcoin ProFund Investor (BTCFX) at 12.95%. This indicates that UVPIX'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
| UVPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 12.95% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 34.68% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.21% | 44.48% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.24% | 55.31% | -7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.51% | 55.31% | -8.80% |
UVPIX vs. BTCFX - Expense Ratio Comparison
UVPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.41% expense ratio.
Dividends
UVPIX vs. BTCFX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 9.86%, less than BTCFX's 39.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 39.95% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 9.86% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
UVPIX and BTCFX have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (15.32%) compared to BTCFX (12.95%). In terms of maximum drawdown, UVPIX dropped -99.86% vs BTCFX's -77.89%.
UVPIX currently has the higher Sharpe Ratio (-0.86 vs -0.96), 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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