BTCC.TO vs. L.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments, while L.TO (Loblaw Companies Limited) is a stock. Over the past 5 years, BTCC.TO returned 10.67%/yr vs 33.11%/yr for L.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
BTCC.TO vs. L.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -27.91% return, which is significantly lower than L.TO's 2.62% return.
BTCC.TO
- 1D
- 2.25%
- 1M
- -15.25%
- YTD
- -27.91%
- 6M
- -28.50%
- 1Y
- -40.03%
- 3Y*
- 23.71%
- 5Y*
- 10.67%
- 10Y*
- —
L.TO
- 1D
- -1.11%
- 1M
- 3.42%
- YTD
- 2.62%
- 6M
- 2.89%
- 1Y
- 15.10%
- 3Y*
- 34.35%
- 5Y*
- 33.11%
- 10Y*
- 26.65%
BTCC.TO vs. L.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -27.91% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
L.TO Loblaw Companies Limited | 2.62% | 34.69% | 54.55% | 13.67% | 21.98% | 82.50% |
Correlation
The correlation between BTCC.TO and L.TO is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | -0.04 |
Over the past year, the inverse relationship between BTCC.TO and L.TO has strengthened: their correlation has moved from -0.04 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BTCC.TO vs. L.TO — Risk / Return Rank
BTCC.TO
L.TO
BTCC.TO vs. L.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 Loblaw Companies Limited (L.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTCC.TO | L.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.14 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.04 | -1.80 |
| Martin ratioReturn relative to average drawdown | -1.28 | 2.43 | -3.72 |
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Drawdowns
BTCC.TO vs. L.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than L.TO's maximum drawdown of -44.67%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and L.TO.
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Drawdown Indicators
| BTCC.TO | L.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -44.67% | -33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -53.17% | -14.53% | -38.64% |
Max Drawdown (3Y)Largest decline over 3 years | -53.17% | -14.53% | -38.64% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -14.53% | -63.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.54% | — |
Current DrawdownCurrent decline from peak | -50.09% | -8.06% | -42.03% |
Average DrawdownAverage peak-to-trough decline | -34.88% | -7.05% | -27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.26% | 6.22% | +25.04% |
Volatility
BTCC.TO vs. L.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 13.31% compared to Loblaw Companies Limited (L.TO) at 6.47%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than L.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 | L.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 6.47% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.22% | 16.19% | +18.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.90% | 21.21% | +22.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.04% | 18.94% | +36.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.35% | 20.39% | +35.96% |
Dividends
BTCC.TO vs. L.TO - Dividend Comparison
BTCC.TO has not paid dividends to shareholders, while L.TO's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
L.TO Loblaw Companies Limited | 0.91% | 2.19% | 4.20% | 5.43% | 5.28% | 5.40% | 8.15% | 7.40% | 6.45% | 7.84% | 7.27% | 7.61% |
Frequently Asked Questions
BTCC.TO and L.TO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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