BTCC-B.TO vs. BTCY-U.TO

Last updated Jul 18, 2026

BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and BTCY-U.TO (Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCC-B.TO returned 30.16%/yr vs 22.13%/yr for BTCY-U.TO. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

BTCC-B.TO vs. BTCY-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) and Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BTCC-B.TO is traded in CAD, while BTCY-U.TO is traded in USD. To make them comparable, the BTCY-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BTCC-B.TO achieves a -25.58% return, which is significantly higher than BTCY-U.TO's -28.11% return.

BTCC-B.TO

• 1D: -0.40%
• 1M: -1.58%
• 6M: -32.83%
• YTD: -25.58%
• 1Y: -45.76%
• 3Y*: 30.16%
• 5Y*: 15.77%
• 10Y*: —

BTCY-U.TO

• 1D: -1.05%
• 1M: -1.63%
• 6M: -34.45%
• YTD: -28.11%
• 1Y: -46.63%
• 3Y*: 22.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCC-B.TO vs. BTCY-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-25.58%	-11.83%	136.57%	148.15%	-62.24%	-20.41%
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units	-28.11%	-11.89%	115.03%	107.96%	-62.65%	-16.27%

Correlation

The correlation between BTCC-B.TO and BTCY-U.TO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021	0.64

The correlation between BTCC-B.TO and BTCY-U.TO has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

Return for Risk

BTCC-B.TO vs. BTCY-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCC-B.TO

BTCC-B.TO Risk / Return Rank: 2
BTCC-B.TO Sharpe Ratio Rank: 1
BTCC-B.TO Sortino Ratio Rank: 1
BTCC-B.TO Omega Ratio Rank: 2
BTCC-B.TO Calmar Ratio Rank: 2
BTCC-B.TO Martin Ratio Rank: 2

BTCY-U.TO

BTCY-U.TO Risk / Return Rank: 2
BTCY-U.TO Sharpe Ratio Rank: 2
BTCY-U.TO Sortino Ratio Rank: 2
BTCY-U.TO Omega Ratio Rank: 2
BTCY-U.TO Calmar Ratio Rank: 2
BTCY-U.TO Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCC-B.TO vs. BTCY-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) and Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-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.

	BTCC-B.TO	BTCY-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.07	-0.97	-0.10
Sortino ratio: Return per unit of downside risk	-1.63	-1.41	-0.21
Omega ratio: Gain probability vs. loss probability	0.82	0.83	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.86	0.00
Martin ratio: Return relative to average drawdown	-1.35	-1.37	+0.02

BTCC-B.TO vs. BTCY-U.TO - Sharpe Ratio Comparison

The current BTCC-B.TO Sharpe Ratio is -1.07, which is comparable to the BTCY-U.TO Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of BTCC-B.TO and BTCY-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCC-B.TO vs. BTCY-U.TO - Drawdown Comparison

The maximum BTCC-B.TO drawdown since its inception was -75.12%, which is greater than BTCY-U.TO's maximum drawdown of -69.96%. Use the drawdown chart below to compare losses from any high point for BTCC-B.TO and BTCY-U.TO.

Drawdown Indicators

	BTCC-B.TO	BTCY-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-75.12%	-69.96%	-5.16%
Max Drawdown (1Y) Largest decline over 1 year	-52.89%	-54.17%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-52.89%	-54.17%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-75.12%	—	—
Current Drawdown Current decline from peak	-49.16%	-49.78%	+0.62%
Average Drawdown Average peak-to-trough decline	-33.17%	-31.90%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.98%	34.08%	-0.10%

Volatility

BTCC-B.TO vs. BTCY-U.TO - Volatility Comparison

The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) is 9.57%, while Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) has a volatility of 11.41%. This indicates that BTCC-B.TO experiences smaller price fluctuations and is considered to be less risky than BTCY-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC-B.TO	BTCY-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	11.41%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	33.27%	40.59%	-7.32%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	48.26%	-5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.92%	51.28%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.64%	51.28%	+3.36%

Dividends

BTCC-B.TO vs. BTCY-U.TO - Dividend Comparison

BTCC-B.TO has not paid dividends to shareholders, while BTCY-U.TO's dividend yield for the trailing twelve months is around 22.80%.

Position	TTM	2025	2024	2023	2022	2021
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units	22.80%	14.50%	8.02%	10.77%	29.84%	1.21%

Frequently Asked Questions

Can I hold both BTCC-B.TO and BTCY-U.TO in my portfolio?

BTCC-B.TO and BTCY-U.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between BTCC-B.TO and BTCY-U.TO?

They also come from different issuers: Purpose Investments and Purpose.