BTCC-U.TO vs. BTC-USD
BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, BTCC-U.TO returned 10.00%/yr vs 12.25%/yr for BTC-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
BTCC-U.TO vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BTCC-U.TO having a -27.40% return and BTC-USD slightly lower at -27.60%.
BTCC-U.TO
- 1D
- -2.30%
- 1M
- -21.97%
- YTD
- -27.40%
- 6M
- -31.67%
- 1Y
- -40.01%
- 3Y*
- 33.62%
- 5Y*
- 10.00%
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
BTCC-U.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -27.40% | -7.46% | 118.51% | 153.14% | -64.85% | -13.80% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | -11.42% |
Correlation
The correlation between BTCC-U.TO and BTC-USD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021 | 0.69 |
The correlation between BTCC-U.TO and BTC-USD has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
BTCC-U.TO vs. BTC-USD — Risk / Return Rank
BTCC-U.TO
BTC-USD
BTCC-U.TO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) and Bitcoin (BTC-USD). 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.
| BTCC-U.TO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.80 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.39 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCC-U.TO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | -0.92 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.23 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.13 | -1.09 |
Drawdowns
BTCC-U.TO vs. BTC-USD - Drawdown Comparison
The maximum BTCC-U.TO drawdown since its inception was -76.91%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTCC-U.TO and BTC-USD.
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Drawdown Indicators
| BTCC-U.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.91% | -85.30% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -49.60% | -49.65% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -49.60% | -49.65% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -76.91% | -76.67% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -49.60% | -49.21% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -33.96% | -42.28% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.75% | 33.87% | -5.12% |
Volatility
BTCC-U.TO vs. BTC-USD - Volatility Comparison
Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) and Bitcoin (BTC-USD) have volatilities of 9.93% and 10.14%, 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
| BTCC-U.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.93% | 10.14% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 34.22% | 34.17% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.71% | 35.51% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.21% | 44.98% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 56.69% | -0.37% |
Frequently Asked Questions
BTCC-U.TO and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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