BTCC.TO vs. SPOT
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments, while SPOT (Spotify Technology S.A.) is a stock. Over the past 5 years, BTCC.TO returned 10.67%/yr vs 15.56%/yr for SPOT. At a 0.24 correlation, their price movements are largely independent.
Performance
BTCC.TO vs. SPOT - Performance Comparison
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Different Trading Currencies
BTCC.TO is traded in CAD, while SPOT is traded in USD. To make them comparable, the SPOT 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 -27.91% return, which is significantly lower than SPOT's -18.13% return.
BTCC.TO
- 1D
- 2.25%
- 1M
- -15.25%
- YTD
- -27.91%
- 6M
- -28.50%
- 1Y
- -40.03%
- 3Y*
- 23.71%
- 5Y*
- 10.67%
- 10Y*
- —
SPOT
- 1D
- -1.35%
- 1M
- -9.09%
- YTD
- -18.13%
- 6M
- -18.43%
- 1Y
- -32.80%
- 3Y*
- 46.51%
- 5Y*
- 15.56%
- 10Y*
- —
BTCC.TO vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -27.91% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
SPOT Spotify Technology S.A. | -18.13% | 23.88% | 158.24% | 132.35% | -64.13% | -29.23% |
Correlation
The correlation between BTCC.TO and SPOT is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.24 |
The correlation between BTCC.TO and SPOT shifts across timeframes, from 0.09 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTCC.TO vs. SPOT — Risk / Return Rank
BTCC.TO
SPOT
BTCC.TO vs. SPOT - 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 Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.89 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.70 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.20 | -0.08 |
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Drawdowns
BTCC.TO vs. SPOT - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, roughly equal to the maximum SPOT drawdown of -79.28%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and SPOT.
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Drawdown Indicators
| BTCC.TO | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -79.28% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -53.17% | -46.97% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -53.17% | -46.97% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -74.30% | -3.50% |
Current DrawdownCurrent decline from peak | -50.09% | -38.80% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -34.88% | -29.86% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.26% | 27.37% | +3.89% |
Volatility
BTCC.TO vs. SPOT - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 13.31%, while Spotify Technology S.A. (SPOT) has a volatility of 17.13%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than SPOT 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 | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 17.13% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 34.22% | 37.55% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.90% | 45.66% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.04% | 47.81% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.35% | 47.63% | +8.72% |
Dividends
BTCC.TO vs. SPOT - Dividend Comparison
Neither BTCC.TO nor SPOT has paid dividends to shareholders.
Frequently Asked Questions
BTCC.TO and SPOT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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