BTCC.TO vs. ETHR.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and ETHR.TO (Evolve Ether ETF CAD Unhedged Units) are both Cryptocurrency funds. BTCC.TO is actively managed, while ETHR.TO is passively managed. Over the past 5 years, BTCC.TO returned 8.41%/yr vs -6.98%/yr for ETHR.TO. Their correlation of 0.81 suggests significant overlap in exposure. BTCC.TO charges 1.00%/yr vs 0.75%/yr for ETHR.TO.
Performance
BTCC.TO vs. ETHR.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 higher than ETHR.TO's -39.08% 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*
- —
ETHR.TO
- 1D
- -5.13%
- 1M
- -21.92%
- YTD
- -39.08%
- 6M
- -43.48%
- 1Y
- -31.87%
- 3Y*
- -2.76%
- 5Y*
- -6.98%
- 10Y*
- —
BTCC.TO vs. ETHR.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% | -20.71% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -39.08% | -17.01% | 52.43% | 87.70% | -65.64% | 54.91% |
Correlation
The correlation between BTCC.TO and ETHR.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.81 |
The correlation between BTCC.TO and ETHR.TO has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. ETHR.TO — Risk / Return Rank
BTCC.TO
ETHR.TO
BTCC.TO vs. ETHR.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 Ether ETF CAD Unhedged Units (ETHR.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 | ETHR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.96 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.51 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.41 | -0.84 | -0.57 |
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 | ETHR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | -0.48 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.10 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.07 | +0.11 |
Drawdowns
BTCC.TO vs. ETHR.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, roughly equal to the maximum ETHR.TO drawdown of -78.36%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ETHR.TO.
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Drawdown Indicators
| BTCC.TO | ETHR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -78.36% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -63.09% | +13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -64.17% | +14.13% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -78.36% | +0.56% |
Current DrawdownCurrent decline from peak | -49.32% | -63.09% | +13.77% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -43.47% | +8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 38.10% | -9.03% |
Volatility
BTCC.TO vs. ETHR.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.89%, while Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a volatility of 10.53%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than ETHR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCC.TO | ETHR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 10.53% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 45.53% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 66.37% | -23.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 69.38% | -13.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 71.76% | -14.95% |
BTCC.TO vs. ETHR.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than ETHR.TO's 0.75% expense ratio.
Dividends
BTCC.TO vs. ETHR.TO - Dividend Comparison
Neither BTCC.TO nor ETHR.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.TO and ETHR.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHR.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.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 ETHR.TO.
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