BTCC.TO vs. XSB.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while XSB.TO is a Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. BTCC.TO is actively managed, while XSB.TO is passively managed. Over the past 5 years, BTCC.TO returned 8.55%/yr vs 2.14%/yr for XSB.TO. At a 0.03 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 0.10%/yr for XSB.TO.
Performance
BTCC.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -29.50% return, which is significantly lower than XSB.TO's 1.25% return.
BTCC.TO
- 1D
- 0.18%
- 1M
- -19.17%
- YTD
- -29.50%
- 6M
- -29.77%
- 1Y
- -41.35%
- 3Y*
- 26.72%
- 5Y*
- 8.55%
- 10Y*
- —
XSB.TO
- 1D
- 0.00%
- 1M
- 0.63%
- YTD
- 1.25%
- 6M
- 1.36%
- 1Y
- 3.15%
- 3Y*
- 4.91%
- 5Y*
- 2.14%
- 10Y*
- 2.01%
BTCC.TO vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -29.50% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.25% | 3.70% | 5.87% | 4.67% | -4.04% | -0.63% |
Correlation
The correlation between BTCC.TO and XSB.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.03 |
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Return for Risk
BTCC.TO vs. XSB.TO — Risk / Return Rank
BTCC.TO
XSB.TO
BTCC.TO vs. XSB.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 Core Canadian Short Term Bond Index ETF (XSB.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.
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 | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.22 | -3.01 |
| Martin ratioReturn relative to average drawdown | -1.35 | 7.37 | -8.72 |
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Drawdowns
BTCC.TO vs. XSB.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and XSB.TO.
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Drawdown Indicators
| BTCC.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -8.65% | -69.15% |
Max Drawdown (1Y)Largest decline over 1 year | -53.17% | -1.47% | -51.70% |
Max Drawdown (3Y)Largest decline over 3 years | -53.17% | -1.47% | -51.70% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -6.99% | -70.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.65% | — |
Current DrawdownCurrent decline from peak | -51.19% | 0.00% | -51.19% |
Average DrawdownAverage peak-to-trough decline | -34.87% | -0.79% | -34.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.10% | 0.44% | +30.66% |
Volatility
BTCC.TO vs. XSB.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 13.02% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.54%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than XSB.TO 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 | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.02% | 0.54% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 34.15% | 1.62% | +32.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.76% | 2.01% | +41.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.12% | 2.72% | +52.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.36% | 3.40% | +52.96% |
BTCC.TO vs. XSB.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
BTCC.TO vs. XSB.TO - Dividend Comparison
BTCC.TO has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.
| 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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
BTCC.TO and XSB.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 1.00% for BTCC.TO.
BTCC.TO is categorized as Cryptocurrency, while XSB.TO is Short-Term Bond. They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 1.00% for BTCC.TO and 0.10% for XSB.TO.
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