EBIT-U.TO vs. QQQT.TO
EBIT-U.TO (Evolve Bitcoin ETF USD) and QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) are both exchange-traded funds - EBIT-U.TO is a Cryptocurrency fund actively managed by Evolve, while QQQT.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. EBIT-U.TO is actively managed, while QQQT.TO is passively managed. Over the past 3 years, EBIT-U.TO returned 27.56%/yr vs 30.55%/yr for QQQT.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
EBIT-U.TO vs. QQQT.TO - Performance Comparison
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Different Trading Currencies
EBIT-U.TO is traded in USD, while QQQT.TO is traded in CAD. To make them comparable, the QQQT.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 lower than QQQT.TO's 23.13% 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*
- —
QQQT.TO
- 1D
- 0.64%
- 1M
- -2.85%
- 6M
- 24.11%
- YTD
- 23.13%
- 1Y
- 43.18%
- 3Y*
- 30.55%
- 5Y*
- —
- 10Y*
- —
EBIT-U.TO vs. QQQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EBIT-U.TO Evolve Bitcoin ETF USD | -26.81% | -6.74% | 115.98% | 38.04% |
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 23.13% | 36.28% | 18.23% | 14.97% |
Correlation
The correlation between EBIT-U.TO and QQQT.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.26 |
The correlation between EBIT-U.TO and QQQT.TO shifts across timeframes, from 0.25 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EBIT-U.TO vs. QQQT.TO — Risk / Return Rank
EBIT-U.TO
QQQT.TO
EBIT-U.TO vs. QQQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF USD (EBIT-U.TO) and Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.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 | QQQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.29 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.29 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.97 | -9.34 |
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Drawdowns
EBIT-U.TO vs. QQQT.TO - Drawdown Comparison
The maximum EBIT-U.TO drawdown since its inception was -77.55%, which is greater than QQQT.TO's maximum drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and QQQT.TO.
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Drawdown Indicators
| EBIT-U.TO | QQQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.55% | -32.71% | -44.84% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -18.94% | -35.43% |
Max Drawdown (3Y)Largest decline over 3 years | -54.37% | -32.71% | -21.66% |
Max Drawdown (5Y)Largest decline over 5 years | -77.55% | — | — |
Current DrawdownCurrent decline from peak | -48.57% | -5.66% | -42.91% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -6.35% | -28.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.35% | 5.43% | +27.92% |
Volatility
EBIT-U.TO vs. QQQT.TO - Volatility Comparison
Evolve Bitcoin ETF USD (EBIT-U.TO) has a higher volatility of 13.32% compared to Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) at 9.69%. This indicates that EBIT-U.TO's price experiences larger fluctuations and is considered to be riskier than QQQT.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 | QQQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 9.69% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 21.45% | +16.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.29% | 25.82% | +20.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.49% | 31.21% | +23.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.01% | 31.21% | +24.80% |
Dividends
EBIT-U.TO vs. QQQT.TO - Dividend Comparison
EBIT-U.TO has not paid dividends to shareholders, while QQQT.TO's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EBIT-U.TO Evolve Bitcoin ETF USD | 0.00% | 0.00% | 0.00% | 0.00% |
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 0.24% | 0.30% | 0.39% | 0.26% |
Frequently Asked Questions
EBIT-U.TO and QQQT.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EBIT-U.TO is categorized as Cryptocurrency, while QQQT.TO is Nasdaq-100.
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