BTCC.TO vs. MSTY

Last updated Jun 4, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, BTCC.TO returned -40.83% vs -60.75% for MSTY. A 0.72 correlation means they provide meaningful diversification when combined. BTCC.TO charges 1.00%/yr vs 0.99%/yr for MSTY.

Performance

BTCC.TO vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BTCC.TO is traded in CAD, while MSTY is traded in USD. To make them comparable, the MSTY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BTCC.TO achieves a -26.80% return, which is significantly lower than MSTY's -13.64% 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*: —

MSTY

• 1D: -6.38%
• 1M: -27.04%
• YTD: -13.64%
• 6M: -27.14%
• 1Y: -60.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCC.TO vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-26.80%	-9.18%	75.84%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-13.64%	-45.34%	220.22%

Correlation

The correlation between BTCC.TO and MSTY is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024	0.72

The correlation between BTCC.TO and MSTY has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

Return for Risk

BTCC.TO vs. MSTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCC.TO

BTCC.TO Risk / Return Rank: 2
BTCC.TO Sharpe Ratio Rank: 2
BTCC.TO Sortino Ratio Rank: 2
BTCC.TO Omega Ratio Rank: 2
BTCC.TO Calmar Ratio Rank: 2
BTCC.TO Martin Ratio Rank: 2

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCC.TO vs. MSTY - 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 YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	-1.02	+0.08
Sortino ratio: Return per unit of downside risk	-1.35	-1.73	+0.39
Omega ratio: Gain probability vs. loss probability	0.85	0.81	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.85	+0.03
Martin ratio: Return relative to average drawdown	-1.41	-1.30	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCC.TO vs. MSTY - Sharpe Ratio Comparison

The current BTCC.TO Sharpe Ratio is -0.95, which is comparable to the MSTY Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of BTCC.TO and MSTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTCC.TO	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	-1.02	+0.08
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	0.28	-0.24

Drawdowns

BTCC.TO vs. MSTY - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than MSTY's maximum drawdown of -71.84%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and MSTY.

Drawdown Indicators

	BTCC.TO	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-71.84%	-5.96%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	-71.84%	+21.80%
Max Drawdown (3Y) Largest decline over 3 years	-50.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	—	—
Current Drawdown Current decline from peak	-49.32%	-66.08%	+16.76%
Average Drawdown Average peak-to-trough decline	-34.63%	-25.67%	-8.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.07%	46.66%	-17.59%

Volatility

BTCC.TO vs. MSTY - Volatility Comparison

The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.89%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 16.54%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC.TO	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	16.54%	-6.65%
Volatility (6M) Calculated over the trailing 6-month period	34.00%	48.29%	-14.29%
Volatility (1Y) Calculated over the trailing 1-year period	43.32%	59.63%	-16.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.47%	70.89%	-15.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.81%	70.89%	-14.08%

BTCC.TO vs. MSTY - Expense Ratio Comparison

BTCC.TO has a 1.00% expense ratio, which is higher than MSTY's 0.99% expense ratio.

Dividends

BTCC.TO vs. MSTY - Dividend Comparison

BTCC.TO has not paid dividends to shareholders, while MSTY's dividend yield for the trailing twelve months is around 269.45%.

Position	TTM	2025	2024
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	0.00%	0.00%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	294.61%	104.56%

Frequently Asked Questions

Can I hold both BTCC.TO and MSTY in my portfolio?

BTCC.TO and MSTY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCC.TO or MSTY?

On fees, MSTY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCC.TO or MSTY?

MSTY is cheaper with a 0.99% expense ratio, compared with 1.00% for BTCC.TO.

What is the main difference between BTCC.TO and MSTY?

BTCC.TO is categorized as Cryptocurrency, while MSTY is Derivative Income. They also come from different issuers: Purpose Investments and YieldMax. Their fees differ too: 1.00% for BTCC.TO and 0.99% for MSTY.