BTCC-U.TO vs. PYF.TO

Last updated Jun 4, 2026

BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and PYF.TO (Purpose Premium Yield Fund Series ETF) are both exchange-traded funds - BTCC-U.TO is a Cryptocurrency fund actively managed by Purpose Investments, while PYF.TO is a Diversified Portfolio fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, BTCC-U.TO returned 10.52%/yr vs 3.07%/yr for PYF.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

BTCC-U.TO vs. PYF.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 Premium Yield Fund Series ETF (PYF.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BTCC-U.TO is traded in USD, while PYF.TO is traded in CAD. To make them comparable, the PYF.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 -25.69% return, which is significantly lower than PYF.TO's -0.09% return.

BTCC-U.TO

• 1D: -1.91%
• 1M: -18.38%
• YTD: -25.69%
• 6M: -30.45%
• 1Y: -39.31%
• 3Y*: 32.01%
• 5Y*: 10.52%
• 10Y*: —

PYF.TO

• 1D: -0.82%
• 1M: -1.22%
• YTD: -0.09%
• 6M: 1.68%
• 1Y: 0.91%
• 3Y*: 5.27%
• 5Y*: 3.07%
• 10Y*: 3.88%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-25.69%	-7.46%	118.51%	153.14%	-64.85%	-13.80%
PYF.TO Purpose Premium Yield Fund Series ETF	-0.09%	10.50%	-1.06%	10.87%	-1.79%	3.92%

Correlation

The correlation between BTCC-U.TO and PYF.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021	0.30

Return for Risk

BTCC-U.TO vs. PYF.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: 2
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

PYF.TO

PYF.TO Risk / Return Rank: 22
PYF.TO Sharpe Ratio Rank: 21
PYF.TO Sortino Ratio Rank: 20
PYF.TO Omega Ratio Rank: 21
PYF.TO Calmar Ratio Rank: 23
PYF.TO Martin Ratio Rank: 23

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. PYF.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 Premium Yield Fund Series ETF (PYF.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.

	BTCC-U.TO	PYF.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	0.16	-1.06
Sortino ratio: Return per unit of downside risk	-1.26	0.28	-1.53
Omega ratio: Gain probability vs. loss probability	0.86	1.03	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.80	0.23	-1.03
Martin ratio: Return relative to average drawdown	-1.38	0.52	-1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BTCC-U.TO Sharpe Ratio is -0.90, which is lower than the PYF.TO Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of BTCC-U.TO and PYF.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.

Sharpe Ratios by Period

	BTCC-U.TO	PYF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.90	0.16	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.33	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.45	-0.40

Drawdowns

BTCC-U.TO vs. PYF.TO - Drawdown Comparison

The maximum BTCC-U.TO drawdown since its inception was -76.91%, which is greater than PYF.TO's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for BTCC-U.TO and PYF.TO.

Drawdown Indicators

	BTCC-U.TO	PYF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.91%	-28.67%	-48.24%
Max Drawdown (1Y) Largest decline over 1 year	-49.37%	-3.94%	-45.43%
Max Drawdown (3Y) Largest decline over 3 years	-49.37%	-8.29%	-41.08%
Max Drawdown (5Y) Largest decline over 5 years	-76.91%	-9.55%	-67.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.67%	—
Current Drawdown Current decline from peak	-48.41%	-1.80%	-46.61%
Average Drawdown Average peak-to-trough decline	-33.95%	-3.07%	-30.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.58%	1.76%	+26.82%

Volatility

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

Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) has a higher volatility of 10.40% compared to Purpose Premium Yield Fund Series ETF (PYF.TO) at 1.47%. This indicates that BTCC-U.TO's price experiences larger fluctuations and is considered to be riskier than PYF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC-U.TO	PYF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.40%	1.47%	+8.93%
Volatility (6M) Calculated over the trailing 6-month period	34.77%	4.37%	+30.40%
Volatility (1Y) Calculated over the trailing 1-year period	43.70%	5.77%	+37.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.23%	9.24%	+45.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.33%	10.62%	+45.71%

Dividends

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

BTCC-U.TO has not paid dividends to shareholders, while PYF.TO's dividend yield for the trailing twelve months is around 7.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PYF.TO Purpose Premium Yield Fund Series ETF	7.36%	7.84%	7.66%	7.47%	5.78%	5.74%	5.69%	5.29%	5.38%	5.83%	6.59%

Frequently Asked Questions

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

BTCC-U.TO and PYF.TO have a correlation of 0.29, 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 PYF.TO?

BTCC-U.TO is categorized as Cryptocurrency, while PYF.TO is Diversified Portfolio.