BTCC.TO vs. MNY.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and MNY.TO (Purpose Cash Management Fund) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while MNY.TO is a Money Market fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, BTCC.TO returned 29.76%/yr vs 3.91%/yr for MNY.TO. At a 0.03 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 0.22%/yr for MNY.TO.
Performance
BTCC.TO vs. MNY.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 lower than MNY.TO's 0.95% 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*
- —
MNY.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.22%
- 1Y
- 2.59%
- 3Y*
- 3.91%
- 5Y*
- —
- 10Y*
- —
BTCC.TO vs. MNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -26.80% | -9.18% | 116.50% | 149.22% | -18.53% |
MNY.TO Purpose Cash Management Fund | 0.95% | 3.03% | 4.69% | 5.03% | 1.54% |
Correlation
The correlation between BTCC.TO and MNY.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.03 |
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Return for Risk
BTCC.TO vs. MNY.TO — Risk / Return Rank
BTCC.TO
MNY.TO
BTCC.TO vs. MNY.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 Cash Management Fund (MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.02 | ||
| Sortino ratioReturn per unit of downside risk | -53.66 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 22.32 | -21.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 65.02 | -65.83 |
| Martin ratioReturn relative to average drawdown | -1.41 | 605.87 | -607.27 |
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 | MNY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 16.08 | -17.02 |
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 | 11.02 | -10.97 |
Drawdowns
BTCC.TO vs. MNY.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and MNY.TO.
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Drawdown Indicators
| BTCC.TO | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -0.24% | -77.56% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -0.04% | -50.00% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | -0.10% | -49.94% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | — | — |
Current DrawdownCurrent decline from peak | -49.32% | 0.00% | -49.32% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -0.00% | -34.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 0.00% | +29.07% |
Volatility
BTCC.TO vs. MNY.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.89% compared to Purpose Cash Management Fund (MNY.TO) at 0.03%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 0.03% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 0.12% | +33.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 0.16% | +43.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 0.37% | +55.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 0.37% | +56.44% |
BTCC.TO vs. MNY.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than MNY.TO's 0.22% expense ratio.
Dividends
BTCC.TO vs. MNY.TO - Dividend Comparison
BTCC.TO has not paid dividends to shareholders, while MNY.TO's dividend yield for the trailing twelve months is around 2.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MNY.TO Purpose Cash Management Fund | 2.56% | 2.93% | 4.71% | 4.85% | 1.47% |
Frequently Asked Questions
BTCC.TO and MNY.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNY.TO is cheaper with a 0.22% expense ratio, compared with 1.00% for BTCC.TO.
BTCC.TO is categorized as Cryptocurrency, while MNY.TO is Money Market. Their fees differ too: 1.00% for BTCC.TO and 0.22% for MNY.TO.
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