BTCC.TO vs. YTSL.NEO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while YTSL.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, BTCC.TO returned 31.34%/yr vs 28.69%/yr for YTSL.NEO. At a 0.31 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 1.65%/yr for YTSL.NEO.
Performance
BTCC.TO vs. YTSL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -28.70% return, which is significantly lower than YTSL.NEO's -7.41% 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*
- —
YTSL.NEO
- 1D
- -1.16%
- 1M
- 7.81%
- YTD
- -7.41%
- 6M
- 0.85%
- 1Y
- 49.81%
- 3Y*
- 28.69%
- 5Y*
- —
- 10Y*
- —
BTCC.TO vs. YTSL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -28.70% | -9.18% | 116.50% | 149.22% | -0.62% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | -7.41% | 27.43% | 46.11% | 106.56% | -20.20% |
Correlation
The correlation between BTCC.TO and YTSL.NEO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.31 |
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Return for Risk
BTCC.TO vs. YTSL.NEO — Risk / Return Rank
BTCC.TO
YTSL.NEO
BTCC.TO vs. YTSL.NEO - 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 Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). 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 | YTSL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.02 | -2.84 |
| Martin ratioReturn relative to average drawdown | -1.42 | 5.28 | -6.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCC.TO | YTSL.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 1.04 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.57 | -0.54 |
Drawdowns
BTCC.TO vs. YTSL.NEO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than YTSL.NEO's maximum drawdown of -58.40%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and YTSL.NEO.
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Drawdown Indicators
| BTCC.TO | YTSL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -58.40% | -19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -50.64% | -24.81% | -25.83% |
Max Drawdown (3Y)Largest decline over 3 years | -50.64% | -58.40% | +7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | — | — |
Current DrawdownCurrent decline from peak | -50.64% | -8.46% | -42.18% |
Average DrawdownAverage peak-to-trough decline | -34.64% | -20.46% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.24% | 9.59% | +19.65% |
Volatility
BTCC.TO vs. YTSL.NEO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 9.46%, while Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) has a volatility of 12.78%. This indicates that BTCC.TO experiences smaller price fluctuations and is considered to be less risky than YTSL.NEO 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 | YTSL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 12.78% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 33.46% | 29.36% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.35% | 48.20% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.44% | 61.82% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.80% | 61.82% | -5.02% |
BTCC.TO vs. YTSL.NEO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is lower than YTSL.NEO's 1.65% expense ratio.
Dividends
BTCC.TO vs. YTSL.NEO - Dividend Comparison
BTCC.TO has not paid dividends to shareholders, while YTSL.NEO's dividend yield for the trailing twelve months is around 46.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | 46.17% | 36.11% | 12.80% | 24.07% | 1.96% |
Frequently Asked Questions
BTCC.TO and YTSL.NEO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCC.TO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCC.TO is cheaper with a 1.00% expense ratio, compared with 1.65% for YTSL.NEO.
BTCC.TO is categorized as Cryptocurrency, while YTSL.NEO is Derivative Income. Their fees differ too: 1.00% for BTCC.TO and 1.65% for YTSL.NEO.
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