BTCC.TO vs. ^GSPC
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, BTCC.TO returned 8.41%/yr vs 15.58%/yr for ^GSPC. At a 0.30 correlation, their price movements are largely independent.
Performance
BTCC.TO vs. ^GSPC - Performance Comparison
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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 -26.80% return, which is significantly lower than ^GSPC's 12.12% return.
BTCC.TO
- 1D
- -2.83%
- 1M
- -18.68%
- YTD
- -26.80%
- 6M
- -31.17%
- 1Y
- -40.83%
- 3Y*
- 29.76%
- 5Y*
- 8.41%
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
BTCC.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -26.80% | -9.18% | 116.50% | 149.22% | -65.78% | -7.04% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 21.45% |
Correlation
The correlation between BTCC.TO and ^GSPC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021 | 0.30 |
The correlation between BTCC.TO and ^GSPC shifts across timeframes, from 0.28 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTCC.TO vs. ^GSPC — Risk / Return Rank
BTCC.TO
^GSPC
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 ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.67 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.47 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.24 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.41 | 12.23 | -13.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCC.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 2.46 | -3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 1.05 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.99 | -0.94 |
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.
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Drawdown Indicators
| BTCC.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -27.59% | -50.21% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -8.86% | -41.18% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -19.23% | -30.81% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -22.60% | -55.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.59% | — |
Current DrawdownCurrent decline from peak | -49.32% | 0.00% | -49.32% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -3.51% | -31.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 2.34% | +26.73% |
Volatility
BTCC.TO vs. ^GSPC - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.89% compared to S&P 500 Index (^GSPC) at 2.69%. 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.
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Volatility by Period
| BTCC.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 2.69% | +7.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 8.85% | +25.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 11.70% | +31.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 14.99% | +40.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 16.33% | +40.48% |
Frequently Asked Questions
BTCC.TO and ^GSPC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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