UVXY vs. BCH-USD
UVXY (ProShares Ultra VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%), while BCH-USD (Bitcoin Cash) is a cryptocurrency. Over the past 5 years, UVXY returned -67.79%/yr vs -12.92%/yr for BCH-USD. At a correlation of -0.17, they often move in opposite directions.
Performance
UVXY vs. BCH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, UVXY achieves a -29.20% return, which is significantly higher than BCH-USD's -63.35% return.
UVXY
- 1D
- 8.81%
- 1M
- -7.29%
- 6M
- -28.42%
- YTD
- -29.20%
- 1Y
- -70.71%
- 3Y*
- -60.83%
- 5Y*
- -67.79%
- 10Y*
- -71.80%
BCH-USD
- 1D
- -1.02%
- 1M
- 3.32%
- 6M
- -63.39%
- YTD
- -63.35%
- 1Y
- -56.13%
- 3Y*
- -3.42%
- 5Y*
- -12.92%
- 10Y*
- —
UVXY vs. BCH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | -29.20% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -65.73% |
BCH-USD Bitcoin Cash | -63.35% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 325.79% |
Correlation
The correlation between UVXY and BCH-USD is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2017 | -0.17 |
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Return for Risk
UVXY vs. BCH-USD — Risk / Return Rank
UVXY
BCH-USD
UVXY vs. BCH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) and Bitcoin Cash (BCH-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.
| UVXY | BCH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.79 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.43 | -1.80 | +0.38 |
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Drawdowns
UVXY vs. BCH-USD - Drawdown Comparison
The maximum UVXY drawdown since its inception was -100.00%, roughly equal to the maximum BCH-USD drawdown of -97.96%. Use the drawdown chart below to compare losses from any high point for UVXY and BCH-USD.
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Drawdown Indicators
| UVXY | BCH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -97.96% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -73.88% | -70.92% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -95.42% | -72.60% | -22.82% |
Max Drawdown (5Y)Largest decline over 5 years | -99.75% | -88.64% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -94.14% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -98.76% | -86.16% | -12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.63% | 36.27% | +13.36% |
Volatility
UVXY vs. BCH-USD - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 19.34% compared to Bitcoin Cash (BCH-USD) at 15.70%. This indicates that UVXY's price experiences larger fluctuations and is considered to be riskier than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVXY | BCH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.34% | 15.70% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 67.22% | 49.99% | +17.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.95% | 57.68% | +28.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.85% | 69.71% | +34.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.04% | 97.50% | +14.54% |
Frequently Asked Questions
UVXY and BCH-USD have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (19.34%) compared to BCH-USD (15.70%). In terms of maximum drawdown, UVXY dropped -100.00% vs BCH-USD's -97.96%.
BCH-USD currently has the higher Sharpe Ratio (-0.81 vs -0.82), 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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