BTCY-U.TO vs. BTCC.TO

Last updated Jul 16, 2026

BTCY-U.TO (Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCY-U.TO returned 19.72%/yr vs 22.27%/yr for BTCC.TO. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

BTCY-U.TO vs. BTCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BTCY-U.TO is traded in USD, while BTCC.TO is traded in CAD. To make them comparable, the BTCC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with BTCY-U.TO having a -28.63% return and BTCC.TO slightly lower at -29.37%.

BTCY-U.TO

• 1D: 0.92%
• 1M: -1.07%
• 6M: -33.64%
• YTD: -28.63%
• 1Y: -47.26%
• 3Y*: 19.72%
• 5Y*: —
• 10Y*: —

BTCC.TO

• 1D: 1.32%
• 1M: -3.99%
• 6M: -35.70%
• YTD: -29.37%
• 1Y: -47.60%
• 3Y*: 22.27%
• 5Y*: 9.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCY-U.TO vs. BTCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units	-28.63%	-7.68%	98.24%	113.02%	-64.87%	-15.84%
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-29.37%	-4.84%	99.60%	155.29%	-67.82%	-19.23%

Correlation

The correlation between BTCY-U.TO and BTCC.TO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021	0.65

The correlation between BTCY-U.TO and BTCC.TO has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

BTCY-U.TO vs. BTCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCY-U.TO

BTCY-U.TO Risk / Return Rank: 2
BTCY-U.TO Sharpe Ratio Rank: 2
BTCY-U.TO Sortino Ratio Rank: 2
BTCY-U.TO Omega Ratio Rank: 2
BTCY-U.TO Calmar Ratio Rank: 2
BTCY-U.TO Martin Ratio Rank: 1

BTCC.TO

BTCC.TO Risk / Return Rank: 2
BTCC.TO Sharpe Ratio Rank: 1
BTCC.TO Sortino Ratio Rank: 2
BTCC.TO Omega Ratio Rank: 2
BTCC.TO Calmar Ratio Rank: 2
BTCC.TO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCY-U.TO vs. BTCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.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-U.TO	BTCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	-1.07	+0.10
Sortino ratio: Return per unit of downside risk	-1.42	-1.64	+0.22
Omega ratio: Gain probability vs. loss probability	0.83	0.82	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.86	0.00
Martin ratio: Return relative to average drawdown	-1.42	-1.42	+0.01

BTCY-U.TO vs. BTCC.TO - Sharpe Ratio Comparison

The current BTCY-U.TO Sharpe Ratio is -0.98, which is comparable to the BTCC.TO Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of BTCY-U.TO and BTCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCY-U.TO vs. BTCC.TO - Drawdown Comparison

The maximum BTCY-U.TO drawdown since its inception was -71.23%, smaller than the maximum BTCC.TO drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for BTCY-U.TO and BTCC.TO.

Drawdown Indicators

	BTCY-U.TO	BTCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-71.23%	-79.35%	+8.12%
Max Drawdown (1Y) Largest decline over 1 year	-55.02%	-55.36%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-55.02%	-55.36%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Current Drawdown Current decline from peak	-49.22%	-50.13%	+0.91%
Average Drawdown Average peak-to-trough decline	-32.82%	-36.95%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.43%	33.46%	-0.03%

Volatility

BTCY-U.TO vs. BTCC.TO - Volatility Comparison

Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) have volatilities of 11.75% and 11.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCY-U.TO	BTCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.75%	11.39%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	40.85%	34.87%	+5.98%
Volatility (1Y) Calculated over the trailing 1-year period	48.60%	44.61%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.36%	55.07%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.36%	56.50%	-5.14%

Dividends

BTCY-U.TO vs. BTCC.TO - Dividend Comparison

BTCY-U.TO's dividend yield for the trailing twelve months is around 22.43%, while BTCC.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units	22.43%	14.50%	8.02%	10.77%	29.84%	1.21%

Frequently Asked Questions

Can I hold both BTCY-U.TO and BTCC.TO in my portfolio?

BTCY-U.TO and BTCC.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between BTCY-U.TO and BTCC.TO?

They also come from different issuers: Purpose and Purpose Investments.