BTCC.TO vs. FBTC
Compare and contrast key facts about Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Fidelity Wise Origin Bitcoin Trust (FBTC).
BTCC.TO and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCC.TO is an actively managed fund by Purpose Investments. It was launched on Nov 9, 2021. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCC.TO or FBTC.
Correlation
The correlation between BTCC.TO and FBTC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BTCC.TO vs. FBTC - Performance Comparison
Key characteristics
BTCC.TO:
1.56
FBTC:
1.59
BTCC.TO:
2.32
FBTC:
2.27
BTCC.TO:
1.25
FBTC:
1.26
BTCC.TO:
2.81
FBTC:
3.26
BTCC.TO:
6.72
FBTC:
7.37
BTCC.TO:
12.62%
FBTC:
12.13%
BTCC.TO:
54.44%
FBTC:
56.30%
BTCC.TO:
-77.80%
FBTC:
-27.42%
BTCC.TO:
-8.54%
FBTC:
-7.80%
Returns By Period
In the year-to-date period, BTCC.TO achieves a 5.14% return, which is significantly lower than FBTC's 5.48% return.
BTCC.TO
5.14%
-7.47%
61.87%
88.51%
N/A
N/A
FBTC
5.48%
-7.27%
63.16%
92.85%
N/A
N/A
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BTCC.TO vs. FBTC - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
BTCC.TO vs. FBTC — Risk-Adjusted Performance Rank
BTCC.TO
FBTC
BTCC.TO vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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.
Dividends
BTCC.TO vs. FBTC - Dividend Comparison
Neither BTCC.TO nor FBTC has paid dividends to shareholders.
Drawdowns
BTCC.TO vs. FBTC - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and FBTC. For additional features, visit the drawdowns tool.
Volatility
BTCC.TO vs. FBTC - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 9.16% and 9.34%, 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.