BTCC.TO vs. BTC-USD
Compare and contrast key facts about Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Bitcoin (BTC-USD).
BTCC.TO is an actively managed fund by Purpose Investments. It was launched on Nov 9, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCC.TO or BTC-USD.
Correlation
The correlation between BTCC.TO and BTC-USD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTCC.TO vs. BTC-USD - Performance Comparison
Key characteristics
BTCC.TO:
1.49
BTC-USD:
1.48
BTCC.TO:
2.25
BTC-USD:
2.19
BTCC.TO:
1.25
BTC-USD:
1.22
BTCC.TO:
2.72
BTC-USD:
1.23
BTCC.TO:
6.43
BTC-USD:
8.41
BTCC.TO:
12.65%
BTC-USD:
8.60%
BTCC.TO:
54.55%
BTC-USD:
43.82%
BTCC.TO:
-77.80%
BTC-USD:
-93.07%
BTCC.TO:
-12.00%
BTC-USD:
-9.44%
Returns By Period
In the year-to-date period, BTCC.TO achieves a 1.15% return, which is significantly lower than BTC-USD's 2.89% return.
BTCC.TO
1.15%
-9.41%
47.47%
77.87%
N/A
N/A
BTC-USD
2.89%
-7.26%
49.98%
87.36%
57.48%
82.18%
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Risk-Adjusted Performance
BTCC.TO vs. BTC-USD — Risk-Adjusted Performance Rank
BTCC.TO
BTC-USD
BTCC.TO vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Bitcoin (BTC-USD). 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.
Drawdowns
BTCC.TO vs. BTC-USD - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BTCC.TO vs. BTC-USD - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.79% compared to Bitcoin (BTC-USD) at 9.00%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.