BTCY.TO vs. MSTY
BTCY.TO (Purpose Bitcoin Yield ETF - ETF Units) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - BTCY.TO is a fund fund actively managed by Purpose Investments, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, BTCY.TO returned -41.31% vs -60.75% for MSTY. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
BTCY.TO vs. MSTY - Performance Comparison
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Different Trading Currencies
BTCY.TO is traded in CAD, while MSTY is traded in USD. To make them comparable, the MSTY 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 MSTY's -13.64% return.
BTCY.TO
- 1D
- -3.45%
- 1M
- -19.22%
- YTD
- -28.08%
- 6M
- -32.85%
- 1Y
- -41.31%
- 3Y*
- 25.28%
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- -6.38%
- 1M
- -27.04%
- YTD
- -13.64%
- 6M
- -27.14%
- 1Y
- -60.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCY.TO vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | -28.08% | -9.07% | 74.36% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -13.64% | -45.34% | 220.22% |
Correlation
The correlation between BTCY.TO and MSTY is 0.82, 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.73 |
The correlation between BTCY.TO and MSTY has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
BTCY.TO vs. MSTY — Risk / Return Rank
BTCY.TO
MSTY
BTCY.TO vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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 | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.85 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.30 | -0.14 |
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 | MSTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -1.02 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.28 | -0.32 |
Drawdowns
BTCY.TO vs. MSTY - Drawdown Comparison
The maximum BTCY.TO drawdown since its inception was -69.71%, roughly equal to the maximum MSTY drawdown of -71.84%. Use the drawdown chart below to compare losses from any high point for BTCY.TO and MSTY.
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Drawdown Indicators
| BTCY.TO | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.71% | -71.84% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -52.51% | -71.84% | +19.33% |
Max Drawdown (3Y)Largest decline over 3 years | -52.51% | — | — |
Current DrawdownCurrent decline from peak | -49.06% | -66.08% | +17.02% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -25.67% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.66% | 46.66% | -18.00% |
Volatility
BTCY.TO vs. MSTY - Volatility Comparison
The current volatility for Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) is 10.62%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 16.54%. This indicates that BTCY.TO experiences smaller price fluctuations and is considered to be less risky than MSTY 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 | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 16.54% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 39.93% | 48.29% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 59.63% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.82% | 70.89% | -20.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.82% | 70.89% | -20.07% |
Dividends
BTCY.TO vs. MSTY - Dividend Comparison
BTCY.TO's dividend yield for the trailing twelve months is around 22.77%, less than MSTY's 269.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units | 22.77% | 15.11% | 16.75% | 9.22% | 24.25% | 1.23% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 269.45% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCY.TO and MSTY have a correlation of 0.82, 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 Investments and YieldMax.
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