EBIT.TO vs. BCCL.NEO
EBIT.TO (Evolve Bitcoin ETF CAD) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both Cryptocurrency funds. EBIT.TO is passively managed, while BCCL.NEO is actively managed. Over the past year, EBIT.TO returned -44.48% vs -45.87% for BCCL.NEO. Their correlation of 0.92 means they have usually moved in the same direction. EBIT.TO charges 0.75%/yr vs 1.78%/yr for BCCL.NEO.
Performance
EBIT.TO vs. BCCL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, EBIT.TO achieves a -27.29% return, which is significantly higher than BCCL.NEO's -28.69% return.
EBIT.TO
- 1D
- -2.74%
- 1M
- -0.63%
- 6M
- -17.83%
- YTD
- -27.29%
- 1Y
- -44.48%
- 3Y*
- 29.24%
- 5Y*
- 10.15%
- 10Y*
- —
- ALL TIME*
- 2.87%
BCCL.NEO
- 1D
- -2.49%
- 1M
- 1.49%
- 6M
- -18.01%
- YTD
- -28.69%
- 1Y
- -45.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$76.07K | CA$135.25K | CA$227.19K | |
EBIT.TO Evolve Bitcoin ETF CAD | CA$283.51K | CA$498.45K | CA$1.05M |
EBIT.TO vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EBIT.TO Evolve Bitcoin ETF CAD | -27.29% | -11.24% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
Correlation
The correlation between EBIT.TO and BCCL.NEO is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.92 |
The correlation between EBIT.TO and BCCL.NEO has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
EBIT.TO vs. BCCL.NEO — Risk / Return Rank
EBIT.TO
BCCL.NEO
EBIT.TO vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF CAD (EBIT.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). 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.TO | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.88 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.33 | +0.02 |
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Drawdowns
EBIT.TO vs. BCCL.NEO - Drawdown Comparison
The maximum EBIT.TO drawdown since its inception was -75.45%, which is greater than BCCL.NEO's maximum drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for EBIT.TO and BCCL.NEO.
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Drawdown Indicators
| EBIT.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.45% | -55.27% | -20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -55.27% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.45% | — | — |
Current DrawdownCurrent decline from peak | -50.33% | -51.47% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -33.53% | -26.18% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.45% | 36.35% | -0.90% |
Volatility
EBIT.TO vs. BCCL.NEO - Volatility Comparison
The current volatility for Evolve Bitcoin ETF CAD (EBIT.TO) is 8.18%, while Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a volatility of 8.77%. This indicates that EBIT.TO experiences smaller price fluctuations and is considered to be less risky than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBIT.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 8.77% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 33.62% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.81% | 46.76% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.89% | 44.50% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.35% | 44.50% | +9.85% |
EBIT.TO vs. BCCL.NEO - Expense Ratio Comparison
EBIT.TO has a 0.75% expense ratio, which is lower than BCCL.NEO's 1.78% expense ratio.
Dividends
EBIT.TO vs. BCCL.NEO - Dividend Comparison
EBIT.TO has not paid dividends to shareholders, while BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
EBIT.TO Evolve Bitcoin ETF CAD | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EBIT.TO and BCCL.NEO 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.
On fees, EBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.78% for BCCL.NEO.
They also come from different issuers: Evolve and Global X. Their fees differ too: 0.75% for EBIT.TO and 1.78% for BCCL.NEO.
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