BTCC-B.TO vs. LBIT.TO
BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCC-B.TO is a Cryptocurrency fund actively managed by Purpose Investments, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, BTCC-B.TO returned -41.37% vs -50.00% for LBIT.TO. Their correlation of 0.88 suggests significant overlap in exposure. BTCC-B.TO charges 1.33%/yr vs 0.75%/yr for LBIT.TO.
Performance
BTCC-B.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC-B.TO achieves a -28.68% return, which is significantly higher than LBIT.TO's -36.81% return.
BTCC-B.TO
- 1D
- -3.31%
- 1M
- -19.57%
- YTD
- -28.68%
- 6M
- -28.30%
- 1Y
- -41.37%
- 3Y*
- 26.49%
- 5Y*
- 15.06%
- 10Y*
- —
LBIT.TO
- 1D
- -4.21%
- 1M
- -25.16%
- YTD
- -36.81%
- 6M
- -37.08%
- 1Y
- -50.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC-B.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -28.68% | -0.53% |
LBIT.TO Evolve Levered Bitcoin ETF | -36.81% | 8.66% |
Correlation
The correlation between BTCC-B.TO and LBIT.TO is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.88 |
The correlation between BTCC-B.TO and LBIT.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
BTCC-B.TO vs. LBIT.TO — Risk / Return Rank
BTCC-B.TO
LBIT.TO
BTCC-B.TO vs. LBIT.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 Levered Bitcoin ETF (LBIT.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 | LBIT.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 | 0.85 | 0.83 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.81 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.32 | +0.01 |
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Drawdowns
BTCC-B.TO vs. LBIT.TO - Drawdown Comparison
The maximum BTCC-B.TO drawdown since its inception was -75.12%, which is greater than LBIT.TO's maximum drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for BTCC-B.TO and LBIT.TO.
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Drawdown Indicators
| BTCC-B.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.12% | -61.85% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -52.30% | -61.85% | +9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -52.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.12% | — | — |
Current DrawdownCurrent decline from peak | -51.28% | -61.14% | +9.86% |
Average DrawdownAverage peak-to-trough decline | -32.97% | -26.91% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.56% | 38.01% | -6.45% |
Volatility
BTCC-B.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) is 12.99%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 16.81%. This indicates that BTCC-B.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 16.81% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 33.52% | 41.15% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.12% | 52.35% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.28% | 51.69% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.87% | 51.69% | +3.18% |
BTCC-B.TO vs. LBIT.TO - Expense Ratio Comparison
BTCC-B.TO has a 1.33% expense ratio, which is higher than LBIT.TO's 0.75% expense ratio.
Dividends
BTCC-B.TO vs. LBIT.TO - Dividend Comparison
Neither BTCC-B.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, BTCC-B.TO and LBIT.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, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.33% for BTCC-B.TO.
BTCC-B.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.33% for BTCC-B.TO and 0.75% for LBIT.TO.
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