BTCC.TO vs. ETC.TO

Last updated Jun 4, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and ETC.TO (Evolve Cryptocurrencies ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCC.TO returned 29.76%/yr vs 24.15%/yr for ETC.TO. Their correlation of 0.92 suggests significant overlap in exposure. BTCC.TO charges 1.00%/yr vs 0.75%/yr for ETC.TO.

Performance

BTCC.TO vs. ETC.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 Evolve Cryptocurrencies ETF (ETC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BTCC.TO having a -26.80% return and ETC.TO slightly lower at -27.84%.

BTCC.TO

• 1D: -2.83%
• 1M: -18.68%
• YTD: -26.80%
• 6M: -31.17%
• 1Y: -40.83%
• 3Y*: 29.76%
• 5Y*: 8.41%
• 10Y*: —

ETC.TO

• 1D: -2.53%
• 1M: -17.24%
• YTD: -27.84%
• 6M: -33.98%
• 1Y: -38.74%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

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

BTCC.TO vs. ETC.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%	5.75%
ETC.TO Evolve Cryptocurrencies ETF	-27.84%	-13.66%	117.58%	126.17%	-63.55%	11.10%

Correlation

The correlation between BTCC.TO and ETC.TO is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.92

The correlation between BTCC.TO and ETC.TO has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

BTCC.TO vs. ETC.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: 2
BTCC.TO Sharpe Ratio Rank: 2
BTCC.TO Sortino Ratio Rank: 2
BTCC.TO Omega Ratio Rank: 2
BTCC.TO Calmar Ratio Rank: 2
BTCC.TO Martin Ratio Rank: 2

ETC.TO

ETC.TO Risk / Return Rank: 3
ETC.TO Sharpe Ratio Rank: 3
ETC.TO Sortino Ratio Rank: 3
ETC.TO Omega Ratio Rank: 3
ETC.TO Calmar Ratio Rank: 3
ETC.TO Martin Ratio Rank: 3

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. ETC.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 Cryptocurrencies ETF (ETC.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	ETC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	-0.82	-0.12
Sortino ratio: Return per unit of downside risk	-1.35	-1.11	-0.23
Omega ratio: Gain probability vs. loss probability	0.85	0.88	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.73	-0.09
Martin ratio: Return relative to average drawdown	-1.41	-1.23	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BTCC.TO Sharpe Ratio is -0.95, which is comparable to the ETC.TO Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of BTCC.TO and ETC.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.

Sharpe Ratios by Period

	BTCC.TO	ETC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	-0.82	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.09	-0.04

Drawdowns

BTCC.TO vs. ETC.TO - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, roughly equal to the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ETC.TO.

Drawdown Indicators

	BTCC.TO	ETC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-75.66%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	-53.00%	+2.96%
Max Drawdown (3Y) Largest decline over 3 years	-50.04%	-53.00%	+2.96%
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	—	—
Current Drawdown Current decline from peak	-49.32%	-52.46%	+3.14%
Average Drawdown Average peak-to-trough decline	-34.63%	-35.35%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.07%	31.46%	-2.39%

Volatility

BTCC.TO vs. ETC.TO - Volatility Comparison

Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Evolve Cryptocurrencies ETF (ETC.TO) have volatilities of 9.89% and 9.86%, 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.

Volatility by Period

	BTCC.TO	ETC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	9.86%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	34.00%	36.18%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	43.32%	47.23%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.47%	54.17%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.81%	54.17%	+2.64%

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

BTCC.TO has a 1.00% expense ratio, which is higher than ETC.TO's 0.75% expense ratio.

Dividends

BTCC.TO vs. ETC.TO - Dividend Comparison

BTCC.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.81%.

Position	TTM	2025	2024
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	0.00%	0.00%	0.00%
ETC.TO Evolve Cryptocurrencies ETF	0.81%	0.58%	0.05%

Frequently Asked Questions

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

With a correlation of 0.96, BTCC.TO and ETC.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.

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

On fees, ETC.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ETC.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for BTCC.TO.

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

They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for BTCC.TO and 0.75% for ETC.TO.