BTCC.TO vs. ETHY.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and ETHY.TO (Purpose Ether Yield ETF - ETF Units) are both Cryptocurrency funds from Purpose Investments. Both are actively managed. Over the past 3 years, BTCC.TO returned 29.76%/yr vs -8.68%/yr for ETHY.TO. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
BTCC.TO vs. ETHY.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 ETHY.TO's -45.70% 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*
- —
ETHY.TO
- 1D
- -6.57%
- 1M
- -27.49%
- YTD
- -45.70%
- 6M
- -48.19%
- 1Y
- -39.18%
- 3Y*
- -8.68%
- 5Y*
- —
- 10Y*
- —
BTCC.TO vs. ETHY.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% | -19.76% |
ETHY.TO Purpose Ether Yield ETF - ETF Units | -45.70% | -16.16% | 41.02% | 71.08% | -67.53% | -16.93% |
Correlation
The correlation between BTCC.TO and ETHY.TO is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.81 |
The correlation between BTCC.TO and ETHY.TO has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. ETHY.TO — Risk / Return Rank
BTCC.TO
ETHY.TO
BTCC.TO vs. ETHY.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 Purpose Ether Yield ETF - ETF Units (ETHY.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 | ETHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.94 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.60 | -0.22 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.03 | -0.37 |
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 | ETHY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | -0.57 | -0.38 |
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 | -0.36 | +0.41 |
Drawdowns
BTCC.TO vs. ETHY.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, roughly equal to the maximum ETHY.TO drawdown of -76.84%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ETHY.TO.
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Drawdown Indicators
| BTCC.TO | ETHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -76.84% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -65.28% | +15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -65.28% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | — | — |
Current DrawdownCurrent decline from peak | -49.32% | -70.37% | +21.05% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -51.41% | +16.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 38.00% | -8.93% |
Volatility
BTCC.TO vs. ETHY.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.89%, while Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a volatility of 12.87%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than ETHY.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 | ETHY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 12.87% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 51.96% | -17.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 69.09% | -25.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 65.26% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 65.26% | -8.45% |
Dividends
BTCC.TO vs. ETHY.TO - Dividend Comparison
BTCC.TO has not paid dividends to shareholders, while ETHY.TO's dividend yield for the trailing twelve months is around 43.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETHY.TO Purpose Ether Yield ETF - ETF Units | 43.12% | 19.33% | 21.43% | 10.44% | 26.10% | 2.40% |
Frequently Asked Questions
BTCC.TO and ETHY.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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