EBIT-U.TO vs. ETHH.TO
EBIT-U.TO (Evolve Bitcoin ETF USD) and ETHH.TO (Purpose Ether ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, EBIT-U.TO returned 13.31%/yr vs -5.80%/yr for ETHH.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
EBIT-U.TO vs. ETHH.TO - Performance Comparison
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Different Trading Currencies
EBIT-U.TO is traded in USD, while ETHH.TO is traded in CAD. To make them comparable, the ETHH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EBIT-U.TO achieves a -26.81% return, which is significantly higher than ETHH.TO's -38.70% return.
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*
- —
ETHH.TO
- 1D
- 2.86%
- 1M
- 4.05%
- 6M
- -45.20%
- YTD
- -38.70%
- 1Y
- -41.00%
- 3Y*
- -5.61%
- 5Y*
- -5.80%
- 10Y*
- —
EBIT-U.TO vs. ETHH.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% | -19.24% |
ETHH.TO Purpose Ether ETF | -38.70% | -10.28% | 28.03% | 95.82% | -71.00% | 55.57% |
Correlation
The correlation between EBIT-U.TO and ETHH.TO is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.78 |
The correlation between EBIT-U.TO and ETHH.TO has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
EBIT-U.TO vs. ETHH.TO — Risk / Return Rank
EBIT-U.TO
ETHH.TO
EBIT-U.TO vs. ETHH.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 Ether ETF (ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.59 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.93 | -0.44 |
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Drawdowns
EBIT-U.TO vs. ETHH.TO - Drawdown Comparison
The maximum EBIT-U.TO drawdown since its inception was -77.55%, roughly equal to the maximum ETHH.TO drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and ETHH.TO.
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Drawdown Indicators
| EBIT-U.TO | ETHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.55% | -80.17% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -69.69% | +15.32% |
Max Drawdown (3Y)Largest decline over 3 years | -54.37% | -69.69% | +15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -77.55% | -80.17% | +2.62% |
Current DrawdownCurrent decline from peak | -48.57% | -70.30% | +21.73% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -53.05% | +18.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.35% | 44.19% | -10.84% |
Volatility
EBIT-U.TO vs. ETHH.TO - Volatility Comparison
The current volatility for Evolve Bitcoin ETF USD (EBIT-U.TO) is 13.32%, while Purpose Ether ETF (ETHH.TO) has a volatility of 15.76%. This indicates that EBIT-U.TO experiences smaller price fluctuations and is considered to be less risky than ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 15.76% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 46.98% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.29% | 67.84% | -21.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.49% | 70.29% | -15.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.01% | 73.08% | -17.07% |
Dividends
EBIT-U.TO vs. ETHH.TO - Dividend Comparison
Neither EBIT-U.TO nor ETHH.TO has paid dividends to shareholders.
Frequently Asked Questions
EBIT-U.TO and ETHH.TO have a correlation of 0.83, 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: Evolve and Purpose Investments.
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