AVAV vs. BTCC.TO
AVAV (AeroVironment, Inc.) is a stock, while BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments. Over the past 5 years, AVAV returned 9.08%/yr vs 5.64%/yr for BTCC.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
AVAV vs. BTCC.TO - Performance Comparison
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Different Trading Currencies
AVAV is traded in USD, while BTCC.TO is traded in CAD. To make them comparable, the BTCC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVAV achieves a -29.88% return, which is significantly higher than BTCC.TO's -31.72% return.
AVAV
- 1D
- 1.50%
- 1M
- 4.00%
- YTD
- -29.88%
- 6M
- -30.20%
- 1Y
- -10.57%
- 3Y*
- 21.79%
- 5Y*
- 9.08%
- 10Y*
- 18.57%
BTCC.TO
- 1D
- -0.11%
- 1M
- -21.42%
- YTD
- -31.72%
- 6M
- -31.57%
- 1Y
- -43.20%
- 3Y*
- 23.87%
- 5Y*
- 5.64%
- 10Y*
- —
AVAV vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | -29.88% | 57.18% | 22.10% | 47.14% | 38.09% | -47.03% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -31.72% | -4.84% | 99.60% | 155.29% | -67.82% | -15.53% |
Correlation
The correlation between AVAV and BTCC.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.23 |
The correlation between AVAV and BTCC.TO shifts across timeframes, from 0.23 (5 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVAV vs. BTCC.TO — Risk / Return Rank
AVAV
BTCC.TO
AVAV vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO). 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.
| AVAV | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.84 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.83 | +0.65 |
| Martin ratioReturn relative to average drawdown | -0.31 | -1.43 | +1.12 |
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Drawdowns
AVAV vs. BTCC.TO - Drawdown Comparison
The maximum AVAV drawdown since its inception was -61.45%, smaller than the maximum BTCC.TO drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for AVAV and BTCC.TO.
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Drawdown Indicators
| AVAV | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.45% | -79.35% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -61.45% | -52.97% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -61.45% | -52.97% | -8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | -79.35% | +17.90% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | — | — |
Current DrawdownCurrent decline from peak | -58.61% | -51.79% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -28.74% | -36.75% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.23% | 30.54% | +4.69% |
Volatility
AVAV vs. BTCC.TO - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 26.46% compared to Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) at 13.30%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than BTCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAV | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.46% | 13.30% | +13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 57.81% | 34.50% | +23.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.25% | 44.02% | +30.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.04% | 55.49% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.06% | 56.68% | -4.62% |
Dividends
AVAV vs. BTCC.TO - Dividend Comparison
Neither AVAV nor BTCC.TO has paid dividends to shareholders.
Frequently Asked Questions
AVAV and BTCC.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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