BTCC.TO vs. LBIT.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, BTCC.TO returned -47.10% vs -53.67% for LBIT.TO. Their correlation of 0.87 suggests significant overlap in exposure. BTCC.TO charges 1.00%/yr vs 0.75%/yr for LBIT.TO.
Performance
BTCC.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -33.82% return, which is significantly higher than LBIT.TO's -38.18% return.
BTCC.TO
- 1D
- -1.23%
- 1M
- -22.26%
- YTD
- -33.82%
- 6M
- -33.61%
- 1Y
- -47.10%
- 3Y*
- 21.11%
- 5Y*
- 9.12%
- 10Y*
- —
LBIT.TO
- 1D
- -1.67%
- 1M
- -26.77%
- YTD
- -38.18%
- 6M
- -38.43%
- 1Y
- -53.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -33.82% | 1.75% |
LBIT.TO Evolve Levered Bitcoin ETF | -38.18% | 8.66% |
Correlation
The correlation between BTCC.TO and LBIT.TO is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.87 |
The correlation between BTCC.TO and LBIT.TO has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. LBIT.TO — Risk / Return Rank
BTCC.TO
LBIT.TO
BTCC.TO vs. LBIT.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 Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.81 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.87 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.41 | -0.08 |
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Drawdowns
BTCC.TO vs. LBIT.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than LBIT.TO's maximum drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and LBIT.TO.
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Drawdown Indicators
| BTCC.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -61.98% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -54.18% | -61.98% | +7.80% |
Max Drawdown (3Y)Largest decline over 3 years | -54.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | — | — |
Current DrawdownCurrent decline from peak | -54.18% | -61.98% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -34.92% | -27.03% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.79% | 38.21% | -6.42% |
Volatility
BTCC.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 13.50%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 16.68%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.50% | 16.68% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 34.34% | 41.22% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.02% | 52.41% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.93% | 51.66% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 51.66% | +4.67% |
BTCC.TO vs. LBIT.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than LBIT.TO's 0.75% expense ratio.
Dividends
BTCC.TO vs. LBIT.TO - Dividend Comparison
Neither BTCC.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.TO and LBIT.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for BTCC.TO.
BTCC.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for BTCC.TO and 0.75% for LBIT.TO.
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