BTCC-U.TO vs. LBIT.TO

Last updated Jun 26, 2026

BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCC-U.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-U.TO returned -45.67% vs -55.33% for LBIT.TO. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

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

Different Trading Currencies

BTCC-U.TO is traded in USD, while LBIT.TO is traded in CAD. To make them comparable, the LBIT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BTCC-U.TO achieves a -32.50% return, which is significantly higher than LBIT.TO's -40.52% return.

BTCC-U.TO

• 1D: -0.76%
• 1M: -21.98%
• YTD: -32.50%
• 6M: -32.28%
• 1Y: -45.67%
• 3Y*: 23.45%
• 5Y*: 11.37%
• 10Y*: —

LBIT.TO

• 1D: -1.84%
• 1M: -28.99%
• YTD: -40.52%
• 6M: -40.81%
• 1Y: -55.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-32.50%	3.19%
LBIT.TO Evolve Levered Bitcoin ETF	-40.52%	13.00%

Correlation

The correlation between BTCC-U.TO and LBIT.TO is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.87

The correlation between BTCC-U.TO and LBIT.TO has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

BTCC-U.TO vs. LBIT.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

LBIT.TO

LBIT.TO Risk / Return Rank: 2
LBIT.TO Sharpe Ratio Rank: 2
LBIT.TO Sortino Ratio Rank: 1
LBIT.TO Omega Ratio Rank: 1
LBIT.TO Calmar Ratio Rank: 2
LBIT.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. 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-U.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-U.TO	LBIT.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	-1.06	+0.03
Sortino ratio: Return per unit of downside risk	-1.55	-1.72	+0.16
Omega ratio: Gain probability vs. loss probability	0.83	0.80	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.89	+0.02
Martin ratio: Return relative to average drawdown	-1.46	-1.47	0.00

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

The current BTCC-U.TO Sharpe Ratio is -1.04, which is comparable to the LBIT.TO Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of BTCC-U.TO and LBIT.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. LBIT.TO - Drawdown Comparison

The maximum BTCC-U.TO drawdown since its inception was -76.91%, which is greater than LBIT.TO's maximum drawdown of -62.75%. Use the drawdown chart below to compare losses from any high point for BTCC-U.TO and LBIT.TO.

Drawdown Indicators

	BTCC-U.TO	LBIT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.91%	-62.75%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-53.13%	-62.75%	+9.62%
Max Drawdown (3Y) Largest decline over 3 years	-53.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.91%	—	—
Current Drawdown Current decline from peak	-53.13%	-62.75%	+9.62%
Average Drawdown Average peak-to-trough decline	-34.19%	-26.72%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.26%	37.81%	-6.55%

Volatility

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

The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) is 13.39%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 17.23%. This indicates that BTCC-U.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.

Volatility by Period

	BTCC-U.TO	LBIT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.39%	17.23%	-3.84%
Volatility (6M) Calculated over the trailing 6-month period	34.83%	41.59%	-6.76%
Volatility (1Y) Calculated over the trailing 1-year period	44.29%	52.78%	-8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.67%	51.98%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.31%	51.98%	+4.33%

Dividends

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

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

BTCC-U.TO and LBIT.TO have a correlation of 0.89, 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 LBIT.TO?

BTCC-U.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose Investments and Evolve.