BTCY-U.TO vs. LBIT.TO
BTCY-U.TO (Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCY-U.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-U.TO returned -47.26% vs -54.58% for LBIT.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
BTCY-U.TO vs. LBIT.TO - Performance Comparison
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Different Trading Currencies
BTCY-U.TO is traded in USD, while LBIT.TO is traded in CAD. To make them comparable, the LBIT.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 higher than LBIT.TO's -33.31% return.
BTCY-U.TO
- 1D
- 0.92%
- 1M
- -1.07%
- 6M
- -33.64%
- YTD
- -28.63%
- 1Y
- -47.26%
- 3Y*
- 19.72%
- 5Y*
- —
- 10Y*
- —
LBIT.TO
- 1D
- 1.40%
- 1M
- -3.37%
- 6M
- -41.78%
- YTD
- -33.31%
- 1Y
- -54.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCY-U.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units | -28.63% | 3.27% |
LBIT.TO Evolve Levered Bitcoin ETF | -33.31% | 13.00% |
Correlation
The correlation between BTCY-U.TO and LBIT.TO is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.60 |
The correlation between BTCY-U.TO and LBIT.TO has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
BTCY-U.TO vs. LBIT.TO — Risk / Return Rank
BTCY-U.TO
LBIT.TO
BTCY-U.TO vs. LBIT.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 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-U.TO | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.87 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.36 | -0.06 |
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Drawdowns
BTCY-U.TO vs. LBIT.TO - Drawdown Comparison
The maximum BTCY-U.TO drawdown since its inception was -71.23%, which is greater than LBIT.TO's maximum drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for BTCY-U.TO and LBIT.TO.
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Drawdown Indicators
| BTCY-U.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.23% | -63.13% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -55.02% | -63.13% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -55.02% | — | — |
Current DrawdownCurrent decline from peak | -49.22% | -58.23% | +9.01% |
Average DrawdownAverage peak-to-trough decline | -32.82% | -28.09% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.43% | 40.22% | -6.79% |
Volatility
BTCY-U.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units (BTCY-U.TO) is 11.75%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 14.50%. This indicates that BTCY-U.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-U.TO | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 14.50% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 40.85% | 41.99% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.60% | 53.05% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.36% | 51.90% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.36% | 51.90% | -0.54% |
Dividends
BTCY-U.TO vs. LBIT.TO - Dividend Comparison
BTCY-U.TO's dividend yield for the trailing twelve months is around 22.43%, while LBIT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCY-U.TO Purpose Bitcoin Yield ETF USD Non-Currency Hedged Units | 22.43% | 14.50% | 8.02% | 10.77% | 29.84% | 1.21% |
LBIT.TO Evolve Levered Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCY-U.TO and LBIT.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCY-U.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose and Evolve.
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