BTCC.TO vs. EBIT.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and EBIT.TO (Evolve Bitcoin ETF CAD) are both Cryptocurrency funds. BTCC.TO is actively managed, while EBIT.TO is passively managed. Over the past 5 years, BTCC.TO returned 8.41%/yr vs 13.09%/yr for EBIT.TO. With a 0.98 correlation, they move nearly in lockstep. BTCC.TO charges 1.00%/yr vs 0.75%/yr for EBIT.TO.
Performance
BTCC.TO vs. EBIT.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 EBIT.TO's -24.84% 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*
- —
EBIT.TO
- 1D
- -2.10%
- 1M
- -17.64%
- YTD
- -24.84%
- 6M
- -30.52%
- 1Y
- -38.71%
- 3Y*
- 33.13%
- 5Y*
- 13.09%
- 10Y*
- —
BTCC.TO vs. EBIT.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% | -11.09% |
EBIT.TO Evolve Bitcoin ETF CAD | -24.84% | -11.88% | 134.59% | 146.50% | -62.36% | -19.03% |
Correlation
The correlation between BTCC.TO and EBIT.TO is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2021 | 0.98 |
The correlation between BTCC.TO and EBIT.TO has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. EBIT.TO — Risk / Return Rank
BTCC.TO
EBIT.TO
BTCC.TO vs. EBIT.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 Evolve Bitcoin ETF CAD (EBIT.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 | EBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.86 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.77 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.33 | -0.08 |
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 | EBIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | -0.91 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.25 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.05 | -0.01 |
Drawdowns
BTCC.TO vs. EBIT.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, roughly equal to the maximum EBIT.TO drawdown of -75.45%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and EBIT.TO.
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Drawdown Indicators
| BTCC.TO | EBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -75.45% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -50.63% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -50.63% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -75.45% | -2.35% |
Current DrawdownCurrent decline from peak | -49.32% | -48.66% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -33.06% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 29.25% | -0.18% |
Volatility
BTCC.TO vs. EBIT.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Evolve Bitcoin ETF CAD (EBIT.TO) have volatilities of 9.89% and 9.66%, 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.
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Volatility by Period
| BTCC.TO | EBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 9.66% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 34.02% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 42.89% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 53.64% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 54.80% | +2.01% |
BTCC.TO vs. EBIT.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than EBIT.TO's 0.75% expense ratio.
Dividends
BTCC.TO vs. EBIT.TO - Dividend Comparison
Neither BTCC.TO nor EBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, BTCC.TO and EBIT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for BTCC.TO.
They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for BTCC.TO and 0.75% for EBIT.TO.
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