BTCY.TO vs. XRPP.TO

Last updated Jun 4, 2026

BTCY.TO (Purpose Bitcoin Yield ETF - ETF Units) and XRPP.TO (Purpose XRP ETF CAD Currency Hedged Units) are both exchange-traded funds - BTCY.TO is a fund fund actively managed by Purpose Investments, while XRPP.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

BTCY.TO vs. XRPP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) and Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCY.TO achieves a -28.08% return, which is significantly higher than XRPP.TO's -34.43% return.

BTCY.TO

• 1D: -3.45%
• 1M: -19.22%
• YTD: -28.08%
• 6M: -32.85%
• 1Y: -41.31%
• 3Y*: 25.28%
• 5Y*: —
• 10Y*: —

XRPP.TO

• 1D: -0.55%
• 1M: -12.92%
• YTD: -34.43%
• 6M: -45.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCY.TO vs. XRPP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units	-28.08%	-16.31%
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	-34.43%	-15.95%

Correlation

The correlation between BTCY.TO and XRPP.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 19, 2025	0.81

Return for Risk

BTCY.TO vs. XRPP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCY.TO

BTCY.TO Risk / Return Rank: 2
BTCY.TO Sharpe Ratio Rank: 2
BTCY.TO Sortino Ratio Rank: 2
BTCY.TO Omega Ratio Rank: 2
BTCY.TO Calmar Ratio Rank: 2
BTCY.TO Martin Ratio Rank: 1

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.TO vs. XRPP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) and Purpose XRP ETF CAD Currency Hedged Units (XRPP.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.

	BTCY.TO	XRPP.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	—	—
Sortino ratio: Return per unit of downside risk	-1.22	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTCY.TO	XRPP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-0.62	+0.58

Drawdowns

BTCY.TO vs. XRPP.TO - Drawdown Comparison

The maximum BTCY.TO drawdown since its inception was -69.71%, roughly equal to the maximum XRPP.TO drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for BTCY.TO and XRPP.TO.

Drawdown Indicators

	BTCY.TO	XRPP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-69.71%	-66.98%	-2.73%
Max Drawdown (1Y) Largest decline over 1 year	-52.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.51%	—	—
Current Drawdown Current decline from peak	-49.06%	-66.67%	+17.61%
Average Drawdown Average peak-to-trough decline	-30.79%	-38.53%	+7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.66%	—	—

Volatility

Volatility by Period

	BTCY.TO	XRPP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.14%	74.60%	-27.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.82%	74.60%	-23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.82%	74.60%	-23.78%

Dividends

BTCY.TO vs. XRPP.TO - Dividend Comparison

BTCY.TO's dividend yield for the trailing twelve months is around 22.77%, while XRPP.TO has not paid dividends to shareholders.

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%
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTCY.TO and XRPP.TO in my portfolio?

BTCY.TO and XRPP.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.