BTCC.TO vs. XEG.TO

Last updated Jun 5, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. BTCC.TO is actively managed, while XEG.TO is passively managed. Over the past 5 years, BTCC.TO returned 7.84%/yr vs 29.65%/yr for XEG.TO. At a 0.15 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 0.61%/yr for XEG.TO.

Performance

BTCC.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCC.TO achieves a -28.70% return, which is significantly lower than XEG.TO's 45.28% return.

BTCC.TO

• 1D: -2.61%
• 1M: -22.44%
• YTD: -28.70%
• 6M: -32.68%
• 1Y: -41.59%
• 3Y*: 31.34%
• 5Y*: 7.84%
• 10Y*: —

XEG.TO

• 1D: 0.65%
• 1M: -0.64%
• YTD: 45.28%
• 6M: 40.30%
• 1Y: 73.90%
• 3Y*: 28.57%
• 5Y*: 29.65%
• 10Y*: 11.72%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-28.70%	-9.18%	116.50%	149.22%	-65.78%	-7.04%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	45.28%	16.72%	14.08%	3.52%	53.25%	56.52%

Correlation

The correlation between BTCC.TO and XEG.TO is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021	0.15

The correlation between BTCC.TO and XEG.TO shifts across timeframes, from 0.03 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BTCC.TO vs. XEG.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: 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

XEG.TO

XEG.TO Risk / Return Rank: 89
XEG.TO Sharpe Ratio Rank: 92
XEG.TO Sortino Ratio Rank: 86
XEG.TO Omega Ratio Rank: 85
XEG.TO Calmar Ratio Rank: 93
XEG.TO Martin Ratio Rank: 89

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. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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	XEG.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	3.27	-4.24
Sortino ratio: Return per unit of downside risk	-1.38	3.81	-5.19
Omega ratio: Gain probability vs. loss probability	0.85	1.51	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.82	6.68	-7.50
Martin ratio: Return relative to average drawdown	-1.42	19.94	-21.36
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. XEG.TO - Sharpe Ratio Comparison

The current BTCC.TO Sharpe Ratio is -0.96, which is lower than the XEG.TO Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of BTCC.TO and XEG.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.

Sharpe Ratios by Period

	BTCC.TO	XEG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	3.27	-4.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	1.04	-0.90
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	0.28	-0.24

Drawdowns

BTCC.TO vs. XEG.TO - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and XEG.TO.

Drawdown Indicators

	BTCC.TO	XEG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-87.74%	+9.94%
Max Drawdown (1Y) Largest decline over 1 year	-50.64%	-11.12%	-39.52%
Max Drawdown (3Y) Largest decline over 3 years	-50.64%	-25.67%	-24.97%
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	-28.42%	-49.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-79.66%	—
Current Drawdown Current decline from peak	-50.64%	-3.38%	-47.26%
Average Drawdown Average peak-to-trough decline	-34.64%	-29.18%	-5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.24%	3.72%	+25.52%

Volatility

BTCC.TO vs. XEG.TO - Volatility Comparison

Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO) have volatilities of 9.46% and 9.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCC.TO	XEG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	9.24%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	33.46%	18.90%	+14.56%
Volatility (1Y) Calculated over the trailing 1-year period	43.35%	22.74%	+20.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.44%	28.62%	+26.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.80%	33.40%	+23.40%

BTCC.TO vs. XEG.TO - Expense Ratio Comparison

BTCC.TO has a 1.00% expense ratio, which is higher than XEG.TO's 0.61% expense ratio.

Dividends

BTCC.TO vs. XEG.TO - Dividend Comparison

BTCC.TO has not paid dividends to shareholders, while XEG.TO's dividend yield for the trailing twelve months is around 2.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	2.64%	3.63%	3.46%	4.26%	3.31%	1.64%	2.96%	2.70%	2.25%	1.41%	1.40%	3.58%

Frequently Asked Questions

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

BTCC.TO and XEG.TO have a correlation of 0.03, 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 XEG.TO?

On fees, XEG.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCC.TO or XEG.TO?

XEG.TO is cheaper with a 0.61% expense ratio, compared with 1.00% for BTCC.TO.

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

BTCC.TO is categorized as Cryptocurrency, while XEG.TO is Energy Equities. They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 1.00% for BTCC.TO and 0.61% for XEG.TO.