PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BTCC.TO vs. PMM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BTCC.TO vs. PMM.TO

Last updated Jun 4, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and PMM.TO (Purpose Multi-Strategy Market Neutral Fund) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while PMM.TO is a Long-Short fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, BTCC.TO returned 8.41%/yr vs 7.10%/yr for PMM.TO. At a 0.12 correlation, their price movements are largely independent.

Performance

BTCC.TO vs. PMM.TO - 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 Purpose Multi-Strategy Market Neutral Fund (PMM.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BTCC.TO achieves a -26.80% return, which is significantly lower than PMM.TO's 5.69% 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*
—

PMM.TO

1D
-0.54%
1M
3.07%
YTD
5.69%
6M
3.53%
1Y
17.19%
3Y*
11.58%
5Y*
7.10%
10Y*
3.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCC.TO vs. PMM.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged Units		-26.80%-9.18%116.50%149.22%-65.78%-7.04%
PMM.TO
Purpose Multi-Strategy Market Neutral Fund		5.69%6.07%20.49%5.85%-3.80%4.48%

Correlation

The correlation between BTCC.TO and PMM.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Feb 19, 2021

0.12

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Bitcoin CAD ETF Currency Hedged Units

Purpose Multi-Strategy Market Neutral Fund

Often compared with BTCC.TO:
BTCC.TO vs. IBITBTCC.TO vs. BTC-USDBTCC.TO vs. FBTCBTCC.TO vs. VFV.TOBTCC.TO vs. MSTYBTCC.TO vs. FBTC.TOBTCC.TO vs. MSTE.TO
Often compared with PMM.TO:
PMM.TO vs. QLEIXPMM.TO vs. IS.TOPMM.TO vs. ZMMK.TOPMM.TO vs. BRKY.NEOPMM.TO vs. ^GSPCPMM.TO vs. YCST.NEOPMM.TO vs. PDIV.TO

Return for Risk

BTCC.TO vs. PMM.TO — 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: 22
Overall Rank
BTCC.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCC.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
BTCC.TO Omega Ratio Rank: 22
Omega Ratio Rank
BTCC.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCC.TO Martin Ratio Rank: 22
Martin Ratio Rank
PMM.TO
PMM.TO Risk / Return Rank: 6464
Overall Rank
PMM.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
PMM.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
PMM.TO Omega Ratio Rank: 5454
Omega Ratio Rank
PMM.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
PMM.TO Martin Ratio Rank: 7474
Martin Ratio Rank
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. PMM.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 Multi-Strategy Market Neutral Fund (PMM.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.TOPMM.TODifference
Sharpe ratioReturn per unit of total volatility
-0.95
1.86

-2.81

Sortino ratioReturn per unit of downside risk
-1.35
2.51

-3.86

Omega ratioGain probability vs. loss probability

0.85

1.34

-0.49

Calmar ratioReturn relative to maximum drawdown

-0.82

5.03

-5.84

Martin ratioReturn relative to average drawdown

-1.41

13.86

-15.26

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. PMM.TO - Sharpe Ratio Comparison

The current BTCC.TO Sharpe Ratio is -0.95, which is lower than the PMM.TO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of BTCC.TO and PMM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BTCC.TOPMM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.95

1.86

-2.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.73

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

0.30

-0.26

Drawdowns

BTCC.TO vs. PMM.TO - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than PMM.TO's maximum drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and PMM.TO.

Loading charts...

Drawdown Indicators

BTCC.TOPMM.TODifference

Max Drawdown

Largest peak-to-trough decline

-77.80%

-23.50%

-54.30%

Max Drawdown (1Y)

Largest decline over 1 year

-50.04%

-3.50%

-46.54%

Max Drawdown (3Y)

Largest decline over 3 years

-50.04%

-9.87%

-40.17%

Max Drawdown (5Y)

Largest decline over 5 years

-77.80%

-11.18%

-66.62%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.50%

—

Current Drawdown

Current decline from peak

-49.32%

-0.54%

-48.78%

Average Drawdown

Average peak-to-trough decline

-34.63%

-7.97%

-26.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

29.07%

1.26%

+27.81%

Volatility

BTCC.TO vs. PMM.TO - Volatility Comparison

Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.89% compared to Purpose Multi-Strategy Market Neutral Fund (PMM.TO) at 2.01%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than PMM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BTCC.TOPMM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.89%

2.01%

+7.88%

Volatility (6M)

Calculated over the trailing 6-month period

34.00%

6.27%

+27.73%

Volatility (1Y)

Calculated over the trailing 1-year period

43.32%

9.45%

+33.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.47%

9.76%

+45.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

56.81%

10.13%

+46.68%

Dividends

BTCC.TO vs. PMM.TO - Dividend Comparison

Neither BTCC.TO nor PMM.TO has paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
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%
PMM.TO
Purpose Multi-Strategy Market Neutral Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.92%2.44%

Frequently Asked Questions

BTCC.TO and PMM.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BTCC.TO is categorized as Cryptocurrency, while PMM.TO is Long-Short.

Portfolio Optimizer

Find the right allocation for BTCC.TO and PMM.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer