BCCL.NEO vs. BTCC-U.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both Cryptocurrency funds. BCCL.NEO is actively managed, while BTCC-U.TO is passively managed. Over the past year, BCCL.NEO returned -45.87% vs -44.46% for BTCC-U.TO. Their correlation of 0.91 means they have usually moved in the same direction. BCCL.NEO charges 1.78%/yr vs 1.27%/yr for BTCC-U.TO.
Performance
BCCL.NEO vs. BTCC-U.TO - Performance Comparison
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Different Trading Currencies
BCCL.NEO is traded in CAD, while BTCC-U.TO is traded in USD. To make them comparable, the BTCC-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCCL.NEO achieves a -28.69% return, which is significantly lower than BTCC-U.TO's -26.91% return.
BCCL.NEO
- 1D
- -2.49%
- 1M
- 1.49%
- 6M
- -18.01%
- YTD
- -28.69%
- 1Y
- -45.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.13%
BTCC-U.TO
- 1D
- -2.64%
- 1M
- -0.09%
- 6M
- -17.98%
- YTD
- -26.91%
- 1Y
- -44.46%
- 3Y*
- 29.97%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 1.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$76.07K | CA$135.25K | CA$227.19K | |
| CA$139.32K | CA$262.44K | CA$301.80K |
BCCL.NEO vs. BTCC-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -26.91% | -11.69% |
Correlation
The correlation between BCCL.NEO and BTCC-U.TO is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.91 |
The correlation between BCCL.NEO and BTCC-U.TO has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
BCCL.NEO vs. BTCC-U.TO — Risk / Return Rank
BCCL.NEO
BTCC-U.TO
BCCL.NEO vs. BTCC-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.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.
| BCCL.NEO | BTCC-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.88 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.31 | -0.02 |
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Drawdowns
BCCL.NEO vs. BTCC-U.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -55.27%, smaller than the maximum BTCC-U.TO drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and BTCC-U.TO.
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Drawdown Indicators
| BCCL.NEO | BTCC-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.27% | -75.18% | +19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -55.27% | -52.69% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -51.47% | -50.24% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -33.32% | +7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 35.40% | +0.95% |
Volatility
BCCL.NEO vs. BTCC-U.TO - Volatility Comparison
The current volatility for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) is 8.77%, while Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) has a volatility of 9.61%. This indicates that BCCL.NEO experiences smaller price fluctuations and is considered to be less risky than BTCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCL.NEO | BTCC-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 9.61% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 34.23% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 44.95% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.50% | 53.78% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 56.36% | -11.86% |
BCCL.NEO vs. BTCC-U.TO - Expense Ratio Comparison
BCCL.NEO has a 1.78% expense ratio, which is higher than BTCC-U.TO's 1.27% expense ratio.
Dividends
BCCL.NEO vs. BTCC-U.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%, while BTCC-U.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BCCL.NEO and BTCC-U.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BTCC-U.TO is cheaper at 1.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCC-U.TO is cheaper with a 1.27% expense ratio, compared with 1.78% for BCCL.NEO.
They also come from different issuers: Global X and Purpose. Their fees differ too: 1.78% for BCCL.NEO and 1.27% for BTCC-U.TO.
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