BTCC.TO vs. HXQ.TO
Compare and contrast key facts about Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).
BTCC.TO and HXQ.TO 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. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCC.TO or HXQ.TO.
Correlation
The correlation between BTCC.TO and HXQ.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCC.TO vs. HXQ.TO - Performance Comparison
Key characteristics
BTCC.TO:
1.41
HXQ.TO:
1.77
BTCC.TO:
2.18
HXQ.TO:
2.40
BTCC.TO:
1.24
HXQ.TO:
1.31
BTCC.TO:
2.55
HXQ.TO:
2.43
BTCC.TO:
6.11
HXQ.TO:
8.56
BTCC.TO:
12.60%
HXQ.TO:
3.65%
BTCC.TO:
54.48%
HXQ.TO:
17.65%
BTCC.TO:
-77.80%
HXQ.TO:
-31.60%
BTCC.TO:
-12.66%
HXQ.TO:
-0.07%
Returns By Period
In the year-to-date period, BTCC.TO achieves a 0.40% return, which is significantly lower than HXQ.TO's 4.04% return.
BTCC.TO
0.40%
-10.59%
56.24%
76.73%
N/A
N/A
HXQ.TO
4.04%
1.34%
17.15%
32.30%
20.38%
N/A
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BTCC.TO vs. HXQ.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.
Risk-Adjusted Performance
BTCC.TO vs. HXQ.TO — Risk-Adjusted Performance Rank
BTCC.TO
HXQ.TO
BTCC.TO vs. HXQ.TO - 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 Horizons NASDAQ-100 Index ETF (HXQ.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.
Dividends
BTCC.TO vs. HXQ.TO - Dividend Comparison
Neither BTCC.TO nor HXQ.TO has paid dividends to shareholders.
Drawdowns
BTCC.TO vs. HXQ.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and HXQ.TO. For additional features, visit the drawdowns tool.
Volatility
BTCC.TO vs. HXQ.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 8.68% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 4.62%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.