BTCY.TO vs. BTCI
BTCY.TO (Purpose Bitcoin Yield ETF - ETF Units) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - BTCY.TO is a fund fund actively managed by Purpose Investments, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, BTCY.TO returned -41.31% vs -32.57% for BTCI. Their correlation of 0.92 suggests significant overlap in exposure.
Performance
BTCY.TO vs. BTCI - Performance Comparison
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Different Trading Currencies
BTCY.TO is traded in CAD, while BTCI is traded in USD. To make them comparable, the BTCI 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 -28.08% return, which is significantly lower than BTCI's -21.76% return.
BTCY.TO
- 1D
- -3.45%
- 1M
- -19.22%
- YTD
- -28.08%
- 6M
- -32.85%
- 1Y
- -41.31%
- 3Y*
- 25.28%
- 5Y*
- —
- 10Y*
- —
BTCI
- 1D
- -2.17%
- 1M
- -14.62%
- YTD
- -21.76%
- 6M
- -26.69%
- 1Y
- -32.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCY.TO vs. BTCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | -28.08% | -9.07% | 44.03% |
BTCI NEOS Bitcoin High Income ETF | -21.76% | -5.63% | 33.70% |
Correlation
The correlation between BTCY.TO and BTCI is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024 | 0.92 |
The correlation between BTCY.TO and BTCI has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
BTCY.TO vs. BTCI — Risk / Return Rank
BTCY.TO
BTCI
BTCY.TO vs. BTCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) and NEOS Bitcoin High Income ETF (BTCI). 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.
| BTCY.TO | BTCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.71 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.27 | -0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCY.TO | BTCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.02 | -0.02 |
Drawdowns
BTCY.TO vs. BTCI - Drawdown Comparison
The maximum BTCY.TO drawdown since its inception was -69.71%, which is greater than BTCI's maximum drawdown of -45.89%. Use the drawdown chart below to compare losses from any high point for BTCY.TO and BTCI.
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Drawdown Indicators
| BTCY.TO | BTCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.71% | -45.89% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -52.51% | -45.89% | -6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -52.51% | — | — |
Current DrawdownCurrent decline from peak | -49.06% | -43.06% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -15.80% | -14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.66% | 25.64% | +3.02% |
Volatility
BTCY.TO vs. BTCI - Volatility Comparison
Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) has a higher volatility of 10.62% compared to NEOS Bitcoin High Income ETF (BTCI) at 7.98%. This indicates that BTCY.TO's price experiences larger fluctuations and is considered to be riskier than BTCI 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 | BTCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 7.98% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 39.93% | 30.60% | +9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 38.23% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.82% | 39.59% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.82% | 39.59% | +11.23% |
Dividends
BTCY.TO vs. BTCI - Dividend Comparison
BTCY.TO's dividend yield for the trailing twelve months is around 22.77%, less than BTCI's 43.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 43.16% | 36.46% | 6.76% | 0.00% | 0.00% | 0.00% |
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | 22.77% | 15.11% | 16.75% | 9.22% | 24.25% | 1.23% |
Frequently Asked Questions
With a correlation of 0.94, BTCY.TO and BTCI 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 Neos.
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