BCCL.NEO vs. BTCC.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past year, BCCL.NEO returned -45.87% vs -46.43% for BTCC.TO. Their correlation of 0.92 means they have usually moved in the same direction. BCCL.NEO charges 1.78%/yr vs 1.00%/yr for BTCC.TO.
Performance
BCCL.NEO vs. BTCC.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BCCL.NEO having a -28.69% return and BTCC.TO slightly lower at -29.88%.
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.TO
- 1D
- -2.73%
- 1M
- 0.82%
- 6M
- -20.99%
- YTD
- -29.88%
- 1Y
- -46.43%
- 3Y*
- 25.05%
- 5Y*
- 5.93%
- 10Y*
- —
- ALL TIME*
- 0.22%
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$1.03M | CA$1.27M | CA$2.48M |
BCCL.NEO vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -29.88% | -11.58% |
Correlation
The correlation between BCCL.NEO and BTCC.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 | 0.92 |
The correlation between BCCL.NEO and BTCC.TO has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
BCCL.NEO vs. BTCC.TO — Risk / Return Rank
BCCL.NEO
BTCC.TO
BCCL.NEO vs. BTCC.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 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.
| BCCL.NEO | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.88 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.35 | +0.03 |
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Drawdowns
BCCL.NEO vs. BTCC.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -55.27%, smaller than the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and BTCC.TO.
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Drawdown Indicators
| BCCL.NEO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.27% | -77.80% | +22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -55.27% | -54.58% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.80% | — |
Current DrawdownCurrent decline from peak | -51.47% | -51.45% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -35.22% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 35.61% | +0.74% |
Volatility
BCCL.NEO vs. BTCC.TO - Volatility Comparison
Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) have volatilities of 8.77% and 8.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCL.NEO | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 8.46% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 34.00% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 44.32% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.50% | 53.62% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 55.98% | -11.48% |
BCCL.NEO vs. BTCC.TO - Expense Ratio Comparison
BCCL.NEO has a 1.78% expense ratio, which is higher than BTCC.TO's 1.00% expense ratio.
Dividends
BCCL.NEO vs. BTCC.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%, while BTCC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BCCL.NEO and BTCC.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.TO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCC.TO is cheaper with a 1.00% 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 1.00% for BTCC.TO.
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