BTCC-B.TO vs. EBIT-U.TO
BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and EBIT-U.TO (Evolve Bitcoin ETF USD) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, BTCC-B.TO returned 16.12%/yr vs 15.83%/yr for EBIT-U.TO. Their correlation of 0.92 suggests significant overlap in exposure.
Performance
BTCC-B.TO vs. EBIT-U.TO - Performance Comparison
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Different Trading Currencies
BTCC-B.TO is traded in CAD, while EBIT-U.TO is traded in USD. To make them comparable, the EBIT-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCC-B.TO having a -24.45% return and EBIT-U.TO slightly lower at -24.91%.
BTCC-B.TO
- 1D
- 0.40%
- 1M
- -2.16%
- 6M
- -33.12%
- YTD
- -24.45%
- 1Y
- -43.66%
- 3Y*
- 30.13%
- 5Y*
- 16.12%
- 10Y*
- —
EBIT-U.TO
- 1D
- 0.95%
- 1M
- -1.57%
- 6M
- -32.92%
- YTD
- -24.91%
- 1Y
- -44.11%
- 3Y*
- 30.53%
- 5Y*
- 15.83%
- 10Y*
- —
BTCC-B.TO vs. EBIT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -24.45% | -11.83% | 136.57% | 148.15% | -62.24% | -14.97% |
EBIT-U.TO Evolve Bitcoin ETF USD | -24.91% | -11.00% | 134.26% | 147.82% | -62.74% | -15.82% |
Correlation
The correlation between BTCC-B.TO and EBIT-U.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021 | 0.92 |
The correlation between BTCC-B.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
BTCC-B.TO vs. EBIT-U.TO — Risk / Return Rank
BTCC-B.TO
EBIT-U.TO
BTCC-B.TO vs. EBIT-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 Evolve Bitcoin ETF USD (EBIT-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 | EBIT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.85 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.83 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.31 | +0.01 |
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Drawdowns
BTCC-B.TO vs. EBIT-U.TO - Drawdown Comparison
The maximum BTCC-B.TO drawdown since its inception was -75.12%, roughly equal to the maximum EBIT-U.TO drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for BTCC-B.TO and EBIT-U.TO.
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Drawdown Indicators
| BTCC-B.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.12% | -76.08% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -52.89% | -53.57% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -52.89% | -53.57% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -75.12% | -76.08% | +0.96% |
Current DrawdownCurrent decline from peak | -48.39% | -48.25% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -33.15% | -33.35% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.70% | 33.79% | -0.09% |
Volatility
BTCC-B.TO vs. EBIT-U.TO - Volatility Comparison
The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) is 9.62%, while Evolve Bitcoin ETF USD (EBIT-U.TO) has a volatility of 12.95%. This indicates that BTCC-B.TO experiences smaller price fluctuations and is considered to be less risky than EBIT-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
| BTCC-B.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 12.95% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 37.69% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 46.43% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.94% | 54.82% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.68% | 56.35% | -1.67% |
Dividends
BTCC-B.TO vs. EBIT-U.TO - Dividend Comparison
Neither BTCC-B.TO nor EBIT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, BTCC-B.TO and EBIT-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.
They also come from different issuers: Purpose Investments and Evolve.
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