BTCY-B.TO vs. EBIT.TO
BTCY-B.TO (Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units) and EBIT.TO (Evolve Bitcoin ETF CAD) are both Cryptocurrency funds. BTCY-B.TO is actively managed, while EBIT.TO is passively managed. Over the past 3 years, BTCY-B.TO returned 22.12%/yr vs 29.54%/yr for EBIT.TO. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
BTCY-B.TO vs. EBIT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCY-B.TO achieves a -26.88% return, which is significantly lower than EBIT.TO's -24.72% return.
BTCY-B.TO
- 1D
- 0.56%
- 1M
- -2.01%
- 6M
- -34.97%
- YTD
- -26.88%
- 1Y
- -44.74%
- 3Y*
- 22.12%
- 5Y*
- —
- 10Y*
- —
EBIT.TO
- 1D
- 0.41%
- 1M
- -2.19%
- 6M
- -33.24%
- YTD
- -24.72%
- 1Y
- -43.84%
- 3Y*
- 29.54%
- 5Y*
- 15.61%
- 10Y*
- —
BTCY-B.TO vs. EBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCY-B.TO Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units | -26.88% | -11.51% | 113.48% | 107.21% | -60.74% | -22.33% |
EBIT.TO Evolve Bitcoin ETF CAD | -24.72% | -11.88% | 134.59% | 146.50% | -62.36% | -21.82% |
Correlation
The correlation between BTCY-B.TO and EBIT.TO is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.94 |
The correlation between BTCY-B.TO and EBIT.TO has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCY-B.TO vs. EBIT.TO — Risk / Return Rank
BTCY-B.TO
EBIT.TO
BTCY-B.TO vs. EBIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units (BTCY-B.TO) and Evolve Bitcoin ETF CAD (EBIT.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.
| BTCY-B.TO | EBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.83 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.83 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.30 | -0.02 |
Loading charts...
Drawdowns
BTCY-B.TO vs. EBIT.TO - Drawdown Comparison
The maximum BTCY-B.TO drawdown since its inception was -71.05%, smaller than the maximum EBIT.TO drawdown of -75.45%. Use the drawdown chart below to compare losses from any high point for BTCY-B.TO and EBIT.TO.
Loading charts...
Drawdown Indicators
| BTCY-B.TO | EBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.05% | -75.45% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -54.74% | -53.08% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -54.74% | -53.08% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.45% | — |
Current DrawdownCurrent decline from peak | -49.29% | -48.58% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -32.78% | -33.40% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.96% | 33.82% | +0.14% |
Volatility
BTCY-B.TO vs. EBIT.TO - Volatility Comparison
Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units (BTCY-B.TO) has a higher volatility of 12.61% compared to Evolve Bitcoin ETF CAD (EBIT.TO) at 10.23%. This indicates that BTCY-B.TO's price experiences larger fluctuations and is considered to be riskier than EBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCY-B.TO | EBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.61% | 10.23% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 41.57% | 34.06% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.43% | 43.73% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.69% | 52.89% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.69% | 54.54% | -4.85% |
Dividends
BTCY-B.TO vs. EBIT.TO - Dividend Comparison
BTCY-B.TO's dividend yield for the trailing twelve months is around 21.56%, while EBIT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCY-B.TO Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units | 21.56% | 14.33% | 7.69% | 9.31% | 19.45% | 1.25% |
EBIT.TO Evolve Bitcoin ETF CAD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, BTCY-B.TO and EBIT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: Purpose and Evolve.
Find the right allocation for BTCY-B.TO and EBIT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer