EBIT.TO vs. BTCY.TO
EBIT.TO (Evolve Bitcoin ETF CAD) and BTCY.TO (Purpose Bitcoin Yield ETF) are both Cryptocurrency funds. EBIT.TO is passively managed, while BTCY.TO is actively managed. Over the past 3 years, EBIT.TO returned 29.24%/yr vs 20.27%/yr for BTCY.TO. Their 0.95 correlation means they have historically moved very closely together. EBIT.TO charges 0.75%/yr vs 1.43%/yr for BTCY.TO.
Performance
EBIT.TO vs. BTCY.TO - 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 BTCY.TO's -32.82% 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%
BTCY.TO
- 1D
- -3.14%
- 1M
- 1.57%
- 6M
- -23.57%
- YTD
- -32.82%
- 1Y
- -48.32%
- 3Y*
- 20.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | CA$146.98K | CA$136.83K | CA$230.47K |
EBIT.TO Evolve Bitcoin ETF CAD | CA$283.51K | CA$498.45K | CA$1.05M |
EBIT.TO vs. BTCY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EBIT.TO Evolve Bitcoin ETF CAD | -27.29% | -11.88% | 134.59% | 146.50% | -62.36% | -20.63% |
BTCY.TO Purpose Bitcoin Yield ETF | -32.82% | -9.07% | 112.59% | 111.84% | -64.51% | -18.42% |
Correlation
The correlation between EBIT.TO and BTCY.TO is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.95 |
The correlation between EBIT.TO and BTCY.TO has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
EBIT.TO vs. BTCY.TO — Risk / Return Rank
EBIT.TO
BTCY.TO
EBIT.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF CAD (EBIT.TO) and Purpose Bitcoin Yield ETF (BTCY.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.TO | BTCY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.89 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.40 | +0.09 |
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Drawdowns
EBIT.TO vs. BTCY.TO - Drawdown Comparison
The maximum EBIT.TO drawdown since its inception was -75.45%, which is greater than BTCY.TO's maximum drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for EBIT.TO and BTCY.TO.
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Drawdown Indicators
| EBIT.TO | BTCY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.45% | -71.53% | -3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -56.40% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -56.40% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -75.45% | — | — |
Current DrawdownCurrent decline from peak | -50.33% | -52.41% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -33.53% | -33.72% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.45% | 35.54% | -0.09% |
Volatility
EBIT.TO vs. BTCY.TO - Volatility Comparison
The current volatility for Evolve Bitcoin ETF CAD (EBIT.TO) is 8.18%, while Purpose Bitcoin Yield ETF (BTCY.TO) has a volatility of 10.89%. This indicates that EBIT.TO experiences smaller price fluctuations and is considered to be less risky than BTCY.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.TO | BTCY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 10.89% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 41.24% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.81% | 49.59% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.89% | 50.78% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.35% | 50.78% | +3.57% |
EBIT.TO vs. BTCY.TO - Expense Ratio Comparison
EBIT.TO has a 0.75% expense ratio, which is lower than BTCY.TO's 1.43% expense ratio.
Dividends
EBIT.TO vs. BTCY.TO - Dividend Comparison
EBIT.TO has not paid dividends to shareholders, while BTCY.TO's dividend yield for the trailing twelve months is around 25.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | 25.44% | 15.11% | 16.69% | 9.20% | 24.17% | 1.23% |
EBIT.TO Evolve Bitcoin ETF CAD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, EBIT.TO and BTCY.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.
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 1.43% for BTCY.TO.
They also come from different issuers: Evolve and Purpose. Their fees differ too: 0.75% for EBIT.TO and 1.43% for BTCY.TO.
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