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BTCY-U.TO vs. BTCX-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BTCY-U.TO vs. BTCX-B.TO

Last updated Jul 16, 2026
Documentation

BTCY-U.TO (Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both Cryptocurrency funds. Over the past 3 years, BTCY-U.TO returned 19.72%/yr vs 27.89%/yr for BTCX-B.TO. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

BTCY-U.TO vs. BTCX-B.TO - Performance Comparison

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

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, BTCY-U.TO achieves a -28.63% return, which is significantly lower than BTCX-B.TO's -26.31% return.

BTCY-U.TO

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

BTCX-B.TO

1D
1.15%
1M
-2.82%
6M
-33.83%
YTD
-26.31%
1Y
-44.83%
3Y*
27.89%
5Y*
14.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCY-U.TO vs. BTCX-B.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BTCY-U.TO
Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units		-28.63%-7.68%98.24%113.02%-64.87%-15.84%
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units		-26.31%-7.08%120.35%155.48%-64.32%-20.27%

Correlation

The correlation between BTCY-U.TO and BTCX-B.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

0.62

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2021

0.63

The correlation between BTCY-U.TO and BTCX-B.TO has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units

CI Galaxy Bitcoin ETF C$ Unhedged Series Units

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Return for Risk

BTCY-U.TO vs. BTCX-B.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: 22
Overall Rank
BTCY-U.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCY-U.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
BTCY-U.TO Omega Ratio Rank: 22
Omega Ratio Rank
BTCY-U.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCY-U.TO Martin Ratio Rank: 11
Martin Ratio Rank
BTCX-B.TO
BTCX-B.TO Risk / Return Rank: 22
Overall Rank
BTCX-B.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCX-B.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
BTCX-B.TO Omega Ratio Rank: 22
Omega Ratio Rank
BTCX-B.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCX-B.TO Martin Ratio Rank: 33
Martin Ratio Rank
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. BTCX-B.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 CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.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.TOBTCX-B.TODifference
Sharpe ratioReturn per unit of total volatility
-0.98
-1.02

+0.05

Sortino ratioReturn per unit of downside risk
-1.42
-1.52

+0.10

Omega ratioGain probability vs. loss probability

0.83

0.83

0.00

Calmar ratioReturn relative to maximum drawdown

-0.86

-0.84

-0.02

Martin ratioReturn relative to average drawdown

-1.42

-1.35

-0.06

BTCY-U.TO vs. BTCX-B.TO - Sharpe Ratio Comparison

The current BTCY-U.TO Sharpe Ratio is -0.98, which is comparable to the BTCX-B.TO Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of BTCY-U.TO and BTCX-B.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.

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Drawdowns

BTCY-U.TO vs. BTCX-B.TO - Drawdown Comparison

The maximum BTCY-U.TO drawdown since its inception was -71.23%, smaller than the maximum BTCX-B.TO drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for BTCY-U.TO and BTCX-B.TO.

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Drawdown Indicators

BTCY-U.TOBTCX-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-71.23%

-76.99%

+5.76%

Max Drawdown (1Y)

Largest decline over 1 year

-55.02%

-53.52%

-1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-55.02%

-53.52%

-1.50%

Max Drawdown (5Y)

Largest decline over 5 years

—

-76.99%

—

Current Drawdown

Current decline from peak

-49.22%

-48.54%

-0.68%

Average Drawdown

Average peak-to-trough decline

-32.82%

-34.48%

+1.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

33.43%

33.18%

+0.25%

Volatility

BTCY-U.TO vs. BTCX-B.TO - Volatility Comparison

Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) has a higher volatility of 11.75% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 10.82%. This indicates that BTCY-U.TO's price experiences larger fluctuations and is considered to be riskier than BTCX-B.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-U.TOBTCX-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.75%

10.82%

+0.93%

Volatility (6M)

Calculated over the trailing 6-month period

40.85%

34.30%

+6.55%

Volatility (1Y)

Calculated over the trailing 1-year period

48.60%

43.99%

+4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.36%

53.69%

-2.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.36%

55.03%

-3.67%

Dividends

BTCY-U.TO vs. BTCX-B.TO - Dividend Comparison

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

PositionTTM20252024202320222021
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series 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

BTCY-U.TO and BTCX-B.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.

They also come from different issuers: Purpose and CI Global Asset Management.

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