BTCC.TO vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and S&P 500 Index (^GSPC).

BTCC.TO is an actively managed fund by Purpose Investments. It was launched on Nov 9, 2021.

Performance

BTCC.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BTCC.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-23.52%	-9.18%	116.50%	149.22%	-65.78%	-7.04%
^GSPC S&P 500 Index	-3.34%	11.05%	33.90%	21.49%	-13.70%	21.45%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, BTCC.TO achieves a -23.52% return, which is significantly lower than ^GSPC's -3.34% return.

BTCC.TO

• 1D: 2.04%
• 1M: 2.95%
• YTD: -23.52%
• 6M: -41.91%
• 1Y: -20.75%
• 3Y*: 29.73%
• 5Y*: -0.44%
• 10Y*: —

^GSPC

• 1D: 2.80%
• 1M: -3.22%
• YTD: -3.34%
• 6M: -2.48%
• 1Y: 12.46%
• 3Y*: 17.80%
• 5Y*: 12.48%
• 10Y*: 12.91%

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

Return for Risk

BTCC.TO vs. ^GSPC — Risk / Return Rank

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

BTCC.TO

BTCC.TO Risk / Return Rank: 5
BTCC.TO Sharpe Ratio Rank: 4
BTCC.TO Sortino Ratio Rank: 5
BTCC.TO Omega Ratio Rank: 5
BTCC.TO Calmar Ratio Rank: 5
BTCC.TO Martin Ratio Rank: 5

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and S&P 500 Index (^GSPC). 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.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.46	0.69	-1.16
Sortino ratio Return per unit of downside risk	-0.41	1.06	-1.47
Omega ratio Gain probability vs. loss probability	0.95	1.17	-0.21
Calmar ratio Return relative to maximum drawdown	-0.44	1.14	-1.58
Martin ratio Return relative to average drawdown	-0.94	4.22	-5.15
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.TO vs. ^GSPC - Sharpe Ratio Comparison

The current BTCC.TO Sharpe Ratio is -0.46, which is lower than the ^GSPC Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of BTCC.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTCC.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	0.69	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.84	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.91	-0.85

Correlation

The correlation between BTCC.TO and ^GSPC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BTCC.TO vs. ^GSPC - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ^GSPC.

Drawdown Indicators

	BTCC.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-56.78%	-21.02%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	-12.14%	-37.90%
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	-25.43%	-52.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-47.05%	-6.45%	-40.60%
Average Drawdown Average peak-to-trough decline	-34.40%	-10.75%	-23.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.49%	2.57%	+20.92%

Volatility

BTCC.TO vs. ^GSPC - Volatility Comparison

Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 12.86% compared to S&P 500 Index (^GSPC) at 5.28%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	5.28%	+7.58%
Volatility (6M) Calculated over the trailing 6-month period	36.59%	9.61%	+26.98%
Volatility (1Y) Calculated over the trailing 1-year period	44.86%	18.14%	+26.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.97%	14.99%	+41.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.43%	16.33%	+41.10%