BTCC.TO vs. ZGLD.TO
BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and ZGLD.TO (BMO Gold Bullion ETF (CAD Units)) are both exchange-traded funds - BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments, while ZGLD.TO is a Gold fund tracking the Gold Bullion. BTCC.TO is actively managed, while ZGLD.TO is passively managed. Over the past year, BTCC.TO returned -40.83% vs 33.90% for ZGLD.TO. At a 0.11 correlation, their price movements are largely independent. BTCC.TO charges 1.00%/yr vs 0.23%/yr for ZGLD.TO.
Performance
BTCC.TO vs. ZGLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -26.80% return, which is significantly lower than ZGLD.TO's 4.35% 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*
- —
ZGLD.TO
- 1D
- -0.70%
- 1M
- 0.41%
- YTD
- 4.35%
- 6M
- 5.03%
- 1Y
- 33.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC.TO vs. ZGLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -26.80% | -9.18% | 26.89% |
ZGLD.TO BMO Gold Bullion ETF (CAD Units) | 4.35% | 55.82% | 28.23% |
Correlation
The correlation between BTCC.TO and ZGLD.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2024 | 0.11 |
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Return for Risk
BTCC.TO vs. ZGLD.TO — Risk / Return Rank
BTCC.TO
ZGLD.TO
BTCC.TO vs. ZGLD.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 BMO Gold Bullion ETF (CAD Units) (ZGLD.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 | ZGLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.98 | -2.79 |
| Martin ratioReturn relative to average drawdown | -1.41 | 4.85 | -6.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCC.TO | ZGLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.35 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.91 | -1.86 |
Drawdowns
BTCC.TO vs. ZGLD.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than ZGLD.TO's maximum drawdown of -17.23%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ZGLD.TO.
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Drawdown Indicators
| BTCC.TO | ZGLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -17.23% | -60.57% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -17.23% | -32.81% |
Max Drawdown (3Y)Largest decline over 3 years | -50.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | — | — |
Current DrawdownCurrent decline from peak | -49.32% | -15.38% | -33.94% |
Average DrawdownAverage peak-to-trough decline | -34.63% | -3.37% | -31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.07% | 7.00% | +22.07% |
Volatility
BTCC.TO vs. ZGLD.TO - Volatility Comparison
Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a higher volatility of 9.89% compared to BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) at 5.27%. This indicates that BTCC.TO's price experiences larger fluctuations and is considered to be riskier than ZGLD.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 | ZGLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 5.27% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 34.00% | 21.46% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.32% | 25.17% | +18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.47% | 20.58% | +34.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.81% | 20.58% | +36.23% |
BTCC.TO vs. ZGLD.TO - Expense Ratio Comparison
BTCC.TO has a 1.00% expense ratio, which is higher than ZGLD.TO's 0.23% expense ratio.
Dividends
BTCC.TO vs. ZGLD.TO - Dividend Comparison
Neither BTCC.TO nor ZGLD.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.TO and ZGLD.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZGLD.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZGLD.TO is cheaper with a 0.23% expense ratio, compared with 1.00% for BTCC.TO.
BTCC.TO is categorized as Cryptocurrency, while ZGLD.TO is Gold. They also come from different issuers: Purpose Investments and BMO. Their fees differ too: 1.00% for BTCC.TO and 0.23% for ZGLD.TO.
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