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

Last updated Jul 18, 2026

BTCC-U.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-U.TO returned 27.48%/yr vs 19.71%/yr for BTCY-U.TO. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.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.

Returns By Period

In the year-to-date period, BTCC-U.TO achieves a -27.21% return, which is significantly higher than BTCY-U.TO's -29.77% return.

BTCC-U.TO

• 1D: 0.00%
• 1M: -0.53%
• 6M: -33.20%
• YTD: -27.21%
• 1Y: -47.12%
• 3Y*: 27.48%
• 5Y*: 13.33%
• 10Y*: —

BTCY-U.TO

• 1D: -0.92%
• 1M: -1.79%
• 6M: -35.05%
• YTD: -29.77%
• 1Y: -47.89%
• 3Y*: 19.71%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-27.21%	-7.46%	118.51%	153.14%	-64.85%	-19.36%
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units	-29.77%	-7.68%	98.24%	113.02%	-64.87%	-15.84%

Correlation

The correlation between BTCC-U.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	0.65

The correlation between BTCC-U.TO and BTCY-U.TO has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

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

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

BTCC-U.TO

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

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-U.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-U.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-U.TO	BTCY-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	-0.99	-0.07
Sortino ratio: Return per unit of downside risk	-1.63	-1.46	-0.17
Omega ratio: Gain probability vs. loss probability	0.82	0.82	0.00
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.87	-0.01
Martin ratio: Return relative to average drawdown	-1.40	-1.42	+0.02

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

The current BTCC-U.TO Sharpe Ratio is -1.06, which is comparable to the BTCY-U.TO Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of BTCC-U.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-U.TO vs. BTCY-U.TO - Drawdown Comparison

The maximum BTCC-U.TO drawdown since its inception was -76.91%, which is greater than BTCY-U.TO's maximum drawdown of -71.23%. Use the drawdown chart below to compare losses from any high point for BTCC-U.TO and BTCY-U.TO.

Drawdown Indicators

	BTCC-U.TO	BTCY-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.91%	-71.23%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-53.49%	-55.02%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-53.49%	-55.02%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-76.91%	—	—
Current Drawdown Current decline from peak	-49.46%	-50.04%	+0.58%
Average Drawdown Average peak-to-trough decline	-34.37%	-32.85%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.61%	33.72%	-0.11%

Volatility

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

The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) is 10.57%, while Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) has a volatility of 11.78%. This indicates that BTCC-U.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-U.TO	BTCY-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	11.78%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	34.79%	40.84%	-6.05%
Volatility (1Y) Calculated over the trailing 1-year period	44.47%	48.55%	-4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.45%	51.32%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.11%	51.32%	+4.79%

Dividends

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

BTCC-U.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-U.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-U.TO and BTCY-U.TO in my portfolio?

BTCC-U.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-U.TO and BTCY-U.TO?

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