BTCY.TO vs. BCCC
BTCY.TO (Purpose Bitcoin Yield ETF - ETF Units) and BCCC (Global X Bitcoin Covered Call ETF) are both exchange-traded funds - BTCY.TO is a fund fund actively managed by Purpose Investments, while BCCC is a Cryptocurrency fund actively managed by Global X. Both are actively managed. Over the past year, BTCY.TO returned -49.85% vs -31.45% for BCCC. Their correlation of 0.93 suggests significant overlap in exposure.
Performance
BTCY.TO vs. BCCC - Performance Comparison
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Different Trading Currencies
BTCY.TO is traded in CAD, while BCCC is traded in USD. To make them comparable, the BCCC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTCY.TO achieves a -37.72% return, which is significantly lower than BCCC's -24.04% return.
BTCY.TO
- 1D
- -1.27%
- 1M
- -26.45%
- YTD
- -37.72%
- 6M
- -37.67%
- 1Y
- -49.85%
- 3Y*
- 15.47%
- 5Y*
- —
- 10Y*
- —
BCCC
- 1D
- -0.50%
- 1M
- -15.93%
- YTD
- -24.04%
- 6M
- -23.14%
- 1Y
- -31.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCY.TO vs. BCCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | -37.72% | -18.39% |
BCCC Global X Bitcoin Covered Call ETF | -24.04% | -7.16% |
Correlation
The correlation between BTCY.TO and BCCC is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.93 |
The correlation between BTCY.TO and BCCC has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
BTCY.TO vs. BCCC — Risk / Return Rank
BTCY.TO
BCCC
BTCY.TO vs. BCCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) and Global X Bitcoin Covered Call ETF (BCCC). 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.TO | BCCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.86 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.74 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.58 | -1.32 | -0.26 |
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Drawdowns
BTCY.TO vs. BCCC - Drawdown Comparison
The maximum BTCY.TO drawdown since its inception was -71.53%, which is greater than BCCC's maximum drawdown of -42.86%. Use the drawdown chart below to compare losses from any high point for BTCY.TO and BCCC.
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Drawdown Indicators
| BTCY.TO | BCCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.53% | -42.86% | -28.67% |
Max Drawdown (1Y)Largest decline over 1 year | -55.88% | -42.86% | -13.02% |
Max Drawdown (3Y)Largest decline over 3 years | -55.88% | — | — |
Current DrawdownCurrent decline from peak | -55.88% | -40.47% | -15.41% |
Average DrawdownAverage peak-to-trough decline | -33.32% | -18.46% | -14.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.55% | 23.80% | +7.75% |
Volatility
BTCY.TO vs. BCCC - Volatility Comparison
Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) has a higher volatility of 15.47% compared to Global X Bitcoin Covered Call ETF (BCCC) at 10.86%. This indicates that BTCY.TO's price experiences larger fluctuations and is considered to be riskier than BCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCY.TO | BCCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.47% | 10.86% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 40.74% | 28.97% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.59% | 35.78% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.98% | 35.43% | +15.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.98% | 35.43% | +15.55% |
Dividends
BTCY.TO vs. BCCC - Dividend Comparison
BTCY.TO's dividend yield for the trailing twelve months is around 26.29%, less than BCCC's 66.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | 66.89% | 29.55% | 0.00% | 0.00% | 0.00% | 0.00% |
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | 26.29% | 15.11% | 16.69% | 9.20% | 24.17% | 1.23% |
Frequently Asked Questions
With a correlation of 0.93, BTCY.TO and BCCC 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 Investments and Global X.
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