BTCC.TO vs. BITF.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments, while BITF.TO (Bitfarms Ltd) is a stock. Over the past 5 years, BTCC.TO returned 8.41%/yr vs 9.79%/yr for BITF.TO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
BTCC.TO vs. BITF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -26.80% return, which is significantly lower than BITF.TO's 166.25% 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*
- —
BITF.TO
- 1D
- 1.30%
- 1M
- 95.01%
- YTD
- 166.25%
- 6M
- 99.07%
- 1Y
- 582.54%
- 3Y*
- 74.45%
- 5Y*
- 9.79%
- 10Y*
- —
BTCC.TO vs. BITF.TO - 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% |
BITF.TO Bitfarms Ltd | 166.25% | 51.64% | -44.68% | 587.50% | -91.22% | -12.00% |
Correlation
The correlation between BTCC.TO and BITF.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021 | 0.62 |
The correlation between BTCC.TO and BITF.TO has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. BITF.TO — Risk / Return Rank
BTCC.TO
BITF.TO
BTCC.TO vs. BITF.TO - 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 Bitfarms Ltd (BITF.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.TO | BITF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.17 | ||
| Sortino ratioReturn per unit of downside risk | -5.54 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.50 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 7.90 | -8.72 |
| Martin ratioReturn relative to average drawdown | -1.41 | 13.09 | -14.50 |
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 | BITF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 5.23 | -6.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.10 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.20 | -0.15 |
Drawdowns
BTCC.TO vs. BITF.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, smaller than the maximum BITF.TO drawdown of -95.19%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and BITF.TO.
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Drawdown Indicators
| BTCC.TO | BITF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -95.19% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -74.40% | +24.36% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -79.84% | +29.80% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -95.19% | +17.39% |
Current DrawdownCurrent decline from peak | -49.32% | -22.03% | -27.29% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -69.64% | +35.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 44.80% | -15.73% |
Volatility
BTCC.TO vs. BITF.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.89%, while Bitfarms Ltd (BITF.TO) has a volatility of 26.59%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than BITF.TO 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 | BITF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 26.59% | -16.70% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 68.77% | -34.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 112.47% | -69.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 103.47% | -48.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 120.89% | -64.08% |
Dividends
BTCC.TO vs. BITF.TO - Dividend Comparison
Neither BTCC.TO nor BITF.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.TO and BITF.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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