BTCY-B.TO vs. LBIT.TO
BTCY-B.TO (Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCY-B.TO is a Cryptocurrency fund actively managed by Purpose, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, BTCY-B.TO returned -44.74% vs -53.43% for LBIT.TO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
BTCY-B.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCY-B.TO achieves a -26.88% return, which is significantly higher than LBIT.TO's -31.57% return.
BTCY-B.TO
- 1D
- 0.56%
- 1M
- -2.01%
- 6M
- -34.97%
- YTD
- -26.88%
- 1Y
- -44.74%
- 3Y*
- 22.12%
- 5Y*
- —
- 10Y*
- —
LBIT.TO
- 1D
- 0.69%
- 1M
- -2.76%
- 6M
- -41.08%
- YTD
- -31.57%
- 1Y
- -53.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCY-B.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCY-B.TO Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units | -26.88% | -1.10% |
LBIT.TO Evolve Levered Bitcoin ETF | -31.57% | 8.66% |
Correlation
The correlation between BTCY-B.TO and LBIT.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.88 |
The correlation between BTCY-B.TO and LBIT.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
BTCY-B.TO vs. LBIT.TO — Risk / Return Rank
BTCY-B.TO
LBIT.TO
BTCY-B.TO vs. LBIT.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 Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.81 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.86 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.32 | 0.00 |
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Drawdowns
BTCY-B.TO vs. LBIT.TO - Drawdown Comparison
The maximum BTCY-B.TO drawdown since its inception was -71.05%, which is greater than LBIT.TO's maximum drawdown of -62.43%. Use the drawdown chart below to compare losses from any high point for BTCY-B.TO and LBIT.TO.
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Drawdown Indicators
| BTCY-B.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.05% | -62.43% | -8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -54.74% | -62.43% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -54.74% | — | — |
Current DrawdownCurrent decline from peak | -49.29% | -57.92% | +8.63% |
Average DrawdownAverage peak-to-trough decline | -32.78% | -28.36% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.96% | 40.54% | -6.58% |
Volatility
BTCY-B.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units (BTCY-B.TO) is 12.61%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 13.92%. This indicates that BTCY-B.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCY-B.TO | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.61% | 13.92% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 41.57% | 41.55% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.43% | 52.67% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.69% | 51.57% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.69% | 51.57% | -1.88% |
Dividends
BTCY-B.TO vs. LBIT.TO - Dividend Comparison
BTCY-B.TO's dividend yield for the trailing twelve months is around 21.56%, while LBIT.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% |
LBIT.TO Evolve Levered Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCY-B.TO and LBIT.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCY-B.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose and Evolve.
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