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 0.36, 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.
Performance
BTCC.TO vs. BTC-USD - Performance Comparison
Key characteristics
BTCC.TO:
1.26
BTC-USD:
1.57
BTCC.TO:
1.97
BTC-USD:
2.22
BTCC.TO:
1.22
BTC-USD:
1.23
BTCC.TO:
2.27
BTC-USD:
1.28
BTCC.TO:
4.98
BTC-USD:
6.85
BTCC.TO:
13.25%
BTC-USD:
11.51%
BTCC.TO:
52.21%
BTC-USD:
42.41%
BTCC.TO:
-77.80%
BTC-USD:
-93.07%
BTCC.TO:
-10.65%
BTC-USD:
-9.66%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCC.TO having a 2.71% return and BTC-USD slightly lower at 2.64%.
BTCC.TO
2.71%
15.07%
37.80%
52.18%
N/A
N/A
BTC-USD
2.64%
14.37%
39.50%
50.09%
60.54%
82.27%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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) and Bitcoin (BTC-USD) have volatilities of 14.69% and 15.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.