BTCC.TO vs. MSTY
Compare and contrast key facts about Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).
BTCC.TO and MSTY 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. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCC.TO or MSTY.
Correlation
The correlation between BTCC.TO and MSTY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTCC.TO vs. MSTY - Performance Comparison
Key characteristics
BTCC.TO:
54.44%
MSTY:
77.15%
BTCC.TO:
-77.80%
MSTY:
-33.16%
BTCC.TO:
-8.54%
MSTY:
-20.01%
Returns By Period
In the year-to-date period, BTCC.TO achieves a 5.14% return, which is significantly lower than MSTY's 10.38% return.
BTCC.TO
5.14%
-7.47%
61.87%
88.51%
N/A
N/A
MSTY
10.38%
-9.61%
87.67%
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
BTCC.TO vs. MSTY — Risk-Adjusted Performance Rank
BTCC.TO
MSTY
BTCC.TO vs. MSTY - 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 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.
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 127.96%.
| TTM | 2024 | |
|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 127.96% | 104.56% |
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 -33.16%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and MSTY. For additional features, visit the drawdowns tool.
Volatility
BTCC.TO vs. MSTY - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.16%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 9.92%. 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.