EBIT-U.TO vs. BTCC-B.TO
EBIT-U.TO (Evolve Bitcoin ETF USD) and BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, EBIT-U.TO returned 13.31%/yr vs 13.60%/yr for BTCC-B.TO. Their correlation of 0.92 suggests significant overlap in exposure.
Performance
EBIT-U.TO vs. BTCC-B.TO - Performance Comparison
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Different Trading Currencies
EBIT-U.TO is traded in USD, while BTCC-B.TO is traded in CAD. To make them comparable, the BTCC-B.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EBIT-U.TO having a -26.81% return and BTCC-B.TO slightly higher at -26.37%.
EBIT-U.TO
- 1D
- 1.65%
- 1M
- -2.19%
- 6M
- -33.71%
- YTD
- -26.81%
- 1Y
- -45.49%
- 3Y*
- 27.56%
- 5Y*
- 13.31%
- 10Y*
- —
BTCC-B.TO
- 1D
- 1.10%
- 1M
- -2.77%
- 6M
- -33.91%
- YTD
- -26.37%
- 1Y
- -45.05%
- 3Y*
- 27.16%
- 5Y*
- 13.60%
- 10Y*
- —
EBIT-U.TO vs. BTCC-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EBIT-U.TO Evolve Bitcoin ETF USD | -26.81% | -6.74% | 115.98% | 153.86% | -64.96% | -16.24% |
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -26.37% | -7.61% | 118.10% | 154.20% | -64.49% | -15.26% |
Correlation
The correlation between EBIT-U.TO and BTCC-B.TO 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 (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021 | 0.92 |
The correlation between EBIT-U.TO and BTCC-B.TO has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
EBIT-U.TO vs. BTCC-B.TO — Risk / Return Rank
EBIT-U.TO
BTCC-B.TO
EBIT-U.TO vs. BTCC-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF USD (EBIT-U.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.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.
| EBIT-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.84 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.36 | -0.01 |
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Drawdowns
EBIT-U.TO vs. BTCC-B.TO - Drawdown Comparison
The maximum EBIT-U.TO drawdown since its inception was -77.55%, roughly equal to the maximum BTCC-B.TO drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and BTCC-B.TO.
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Drawdown Indicators
| EBIT-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.55% | -76.86% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -53.70% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -54.37% | -53.70% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -77.55% | -76.86% | -0.69% |
Current DrawdownCurrent decline from peak | -48.57% | -48.71% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -34.32% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.35% | 33.25% | +0.10% |
Volatility
EBIT-U.TO vs. BTCC-B.TO - Volatility Comparison
Evolve Bitcoin ETF USD (EBIT-U.TO) has a higher volatility of 13.32% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) at 10.13%. This indicates that EBIT-U.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBIT-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 10.13% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 33.72% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.29% | 43.43% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.49% | 53.32% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.01% | 55.03% | +0.98% |
Dividends
EBIT-U.TO vs. BTCC-B.TO - Dividend Comparison
Neither EBIT-U.TO nor BTCC-B.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, EBIT-U.TO and BTCC-B.TO 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: Evolve and Purpose Investments.
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