BTCC-U.TO vs. EBIT-U.TO

Last updated Jul 16, 2026

BTCC-U.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-U.TO returned 13.71%/yr vs 13.31%/yr for EBIT-U.TO. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

BTCC-U.TO vs. EBIT-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 Evolve Bitcoin ETF USD (EBIT-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BTCC-U.TO having a -25.98% return and EBIT-U.TO slightly lower at -26.81%.

BTCC-U.TO

• 1D: 1.06%
• 1M: -2.30%
• 6M: -33.76%
• YTD: -25.98%
• 1Y: -45.15%
• 3Y*: 27.49%
• 5Y*: 13.71%
• 10Y*: —

EBIT-U.TO

• 1D: 1.65%
• 1M: -2.19%
• 6M: -33.71%
• YTD: -26.81%
• 1Y: -45.49%
• 3Y*: 27.56%
• 5Y*: 13.31%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-25.98%	-7.46%	118.51%	153.14%	-64.85%	-14.99%
EBIT-U.TO Evolve Bitcoin ETF USD	-26.81%	-6.74%	115.98%	153.86%	-64.96%	-16.24%

Correlation

The correlation between BTCC-U.TO and EBIT-U.TO is 0.94, 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	0.94
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	0.93

The correlation between BTCC-U.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

BTCC-U.TO vs. EBIT-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: 2
BTCC-U.TO Sharpe Ratio Rank: 1
BTCC-U.TO Sortino Ratio Rank: 2
BTCC-U.TO Omega Ratio Rank: 2
BTCC-U.TO Calmar Ratio Rank: 2
BTCC-U.TO Martin Ratio Rank: 2

EBIT-U.TO

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

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. 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-U.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-U.TO	EBIT-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	-0.99	-0.03
Sortino ratio: Return per unit of downside risk	-1.52	-1.45	-0.07
Omega ratio: Gain probability vs. loss probability	0.83	0.84	0.00
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.84	-0.01
Martin ratio: Return relative to average drawdown	-1.36	-1.37	+0.01

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

The current BTCC-U.TO Sharpe Ratio is -1.02, which is comparable to the EBIT-U.TO Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of BTCC-U.TO and EBIT-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. EBIT-U.TO - Drawdown Comparison

The maximum BTCC-U.TO drawdown since its inception was -76.91%, roughly equal to the maximum EBIT-U.TO drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for BTCC-U.TO and EBIT-U.TO.

Drawdown Indicators

	BTCC-U.TO	EBIT-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.91%	-77.55%	+0.64%
Max Drawdown (1Y) Largest decline over 1 year	-53.49%	-54.37%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-53.49%	-54.37%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-76.91%	-77.55%	+0.64%
Current Drawdown Current decline from peak	-48.61%	-48.57%	-0.04%
Average Drawdown Average peak-to-trough decline	-34.35%	-34.50%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.32%	33.35%	-0.03%

Volatility

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

The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) is 10.72%, while Evolve Bitcoin ETF USD (EBIT-U.TO) has a volatility of 13.32%. This indicates that BTCC-U.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.

Volatility by Period

	BTCC-U.TO	EBIT-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.72%	13.32%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	34.84%	37.75%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	44.53%	46.29%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.47%	54.49%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.15%	56.01%	+0.14%

Dividends

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

Neither BTCC-U.TO nor EBIT-U.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.94, BTCC-U.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.

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

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