BTCC.TO vs. CEW.TO

Last updated Jul 25, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and CEW.TO (iShares Equal Weight Banc & Lifeco ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while CEW.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD. BTCC.TO is actively managed, while CEW.TO is passively managed. Over the past 5 years, BTCC.TO returned 10.99%/yr vs 21.20%/yr for CEW.TO. At a 0.27 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 0.61%/yr for CEW.TO.

Performance

BTCC.TO vs. CEW.TO - 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 iShares Equal Weight Banc & Lifeco ETF (CEW.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCC.TO achieves a -28.48% return, which is significantly lower than CEW.TO's 31.42% return.

BTCC.TO

• 1D: -1.06%
• 1M: 6.74%
• 6M: -29.69%
• YTD: -28.48%
• 1Y: -48.11%
• 3Y*: 26.03%
• 5Y*: 10.99%
• 10Y*: —
• ALL TIME*: 0.59%

CEW.TO

• 1D: 0.73%
• 1M: 3.62%
• 6M: 31.46%
• YTD: 31.42%
• 1Y: 57.36%
• 3Y*: 33.84%
• 5Y*: 21.20%
• 10Y*: 16.56%
• ALL TIME*: 12.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	CA$1.02M	CA$1.47M	CA$2.55M
CEW.TO iShares Equal Weight Banc & Lifeco ETF	CA$3.72M	CA$2.72M	CA$1.77M

BTCC.TO vs. CEW.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-28.48%	-9.18%	116.50%	149.22%	-65.78%	-13.94%
CEW.TO iShares Equal Weight Banc & Lifeco ETF	31.42%	32.70%	29.62%	17.18%	-6.76%	15.89%

Correlation

The correlation between BTCC.TO and CEW.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.27

Return for Risk

BTCC.TO vs. CEW.TO — 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: 1
BTCC.TO Sharpe Ratio Rank: 1
BTCC.TO Sortino Ratio Rank: 1
BTCC.TO Omega Ratio Rank: 1
BTCC.TO Calmar Ratio Rank: 1
BTCC.TO Martin Ratio Rank: 2

CEW.TO

CEW.TO Risk / Return Rank: 98
CEW.TO Sharpe Ratio Rank: 98
CEW.TO Sortino Ratio Rank: 98
CEW.TO Omega Ratio Rank: 98
CEW.TO Calmar Ratio Rank: 97
CEW.TO Martin Ratio Rank: 97

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. CEW.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 iShares Equal Weight Banc & Lifeco ETF (CEW.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BTCC.TO	CEW.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	4.68	-5.77
Sortino ratio: Return per unit of downside risk	-1.70	6.10	-7.80
Omega ratio: Gain probability vs. loss probability	0.81	1.84	-1.03
Calmar ratio: Return relative to maximum drawdown	-0.88	8.09	-8.97
Martin ratio: Return relative to average drawdown	-1.38	29.53	-30.91

BTCC.TO vs. CEW.TO - Sharpe Ratio Comparison

The current BTCC.TO Sharpe Ratio is -1.09, which is lower than the CEW.TO Sharpe Ratio of 4.68. The chart below compares the historical Sharpe Ratios of BTCC.TO and CEW.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCC.TO vs. CEW.TO - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than CEW.TO's maximum drawdown of -53.50%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and CEW.TO.

Drawdown Indicators

	BTCC.TO	CEW.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-53.50%	-24.30%
Max Drawdown (1Y) Largest decline over 1 year	-54.58%	-7.13%	-47.45%
Max Drawdown (3Y) Largest decline over 3 years	-54.58%	-12.72%	-41.86%
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	-22.41%	-55.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.66%	—
Current Drawdown Current decline from peak	-50.48%	-1.79%	-48.69%
Average Drawdown Average peak-to-trough decline	-35.16%	-6.90%	-28.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.89%	1.95%	+32.94%

Volatility

BTCC.TO vs. CEW.TO - Volatility Comparison

Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.12% compared to iShares Equal Weight Banc & Lifeco ETF (CEW.TO) at 4.08%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than CEW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC.TO	CEW.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	4.08%	+5.04%
Volatility (6M) Calculated over the trailing 6-month period	34.29%	10.01%	+24.28%
Volatility (1Y) Calculated over the trailing 1-year period	44.19%	12.31%	+31.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.60%	13.58%	+41.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.05%	17.00%	+39.05%

BTCC.TO vs. CEW.TO - Expense Ratio Comparison

BTCC.TO has a 1.00% expense ratio, which is higher than CEW.TO's 0.61% expense ratio.

Dividends

BTCC.TO vs. CEW.TO - Dividend Comparison

BTCC.TO has not paid dividends to shareholders, while CEW.TO's dividend yield for the trailing twelve months is around 2.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEW.TO iShares Equal Weight Banc & Lifeco ETF	2.17%	2.82%	3.41%	3.98%	3.95%	3.10%	3.83%	3.39%	3.13%	2.62%	2.70%	2.91%

Frequently Asked Questions

Can I hold both BTCC.TO and CEW.TO in my portfolio?

BTCC.TO and CEW.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCC.TO or CEW.TO?

On fees, CEW.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCC.TO or CEW.TO?

CEW.TO is cheaper with a 0.61% expense ratio, compared with 1.00% for BTCC.TO.

What is the main difference between BTCC.TO and CEW.TO?

BTCC.TO is categorized as Cryptocurrency, while CEW.TO is Financials Equities. They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 1.00% for BTCC.TO and 0.61% for CEW.TO.