EBIT.TO vs. LBIT.TO
EBIT.TO (Evolve Bitcoin ETF CAD) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - EBIT.TO is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. EBIT.TO is passively managed, while LBIT.TO is actively managed. Over the past year, EBIT.TO returned -41.96% vs -50.00% for LBIT.TO. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
EBIT.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EBIT.TO achieves a -29.34% return, which is significantly higher than LBIT.TO's -36.81% return.
EBIT.TO
- 1D
- -3.53%
- 1M
- -20.51%
- YTD
- -29.34%
- 6M
- -28.79%
- 1Y
- -41.96%
- 3Y*
- 25.81%
- 5Y*
- 14.42%
- 10Y*
- —
LBIT.TO
- 1D
- -4.21%
- 1M
- -25.16%
- YTD
- -36.81%
- 6M
- -37.08%
- 1Y
- -50.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EBIT.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EBIT.TO Evolve Bitcoin ETF CAD | -29.34% | -0.52% |
LBIT.TO Evolve Levered Bitcoin ETF | -36.81% | 8.66% |
Correlation
The correlation between EBIT.TO and LBIT.TO is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.88 |
The correlation between EBIT.TO and LBIT.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
EBIT.TO vs. LBIT.TO — Risk / Return Rank
EBIT.TO
LBIT.TO
EBIT.TO vs. LBIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF CAD (EBIT.TO) and Evolve Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.81 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.32 | -0.01 |
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Drawdowns
EBIT.TO vs. LBIT.TO - Drawdown Comparison
The maximum EBIT.TO drawdown since its inception was -75.45%, which is greater than LBIT.TO's maximum drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for EBIT.TO and LBIT.TO.
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Drawdown Indicators
| EBIT.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.45% | -61.85% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -52.56% | -61.85% | +9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -52.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.45% | — | — |
Current DrawdownCurrent decline from peak | -51.73% | -61.14% | +9.41% |
Average DrawdownAverage peak-to-trough decline | -33.22% | -26.91% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.67% | 38.01% | -6.34% |
Volatility
EBIT.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Evolve Bitcoin ETF CAD (EBIT.TO) is 13.15%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 16.81%. This indicates that EBIT.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 16.81% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 34.04% | 41.15% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.54% | 52.35% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.18% | 51.69% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.71% | 51.69% | +3.02% |
EBIT.TO vs. LBIT.TO - Expense Ratio Comparison
Both EBIT.TO and LBIT.TO have an expense ratio of 0.75%.
Dividends
EBIT.TO vs. LBIT.TO - Dividend Comparison
Neither EBIT.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
EBIT.TO and LBIT.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EBIT.TO and LBIT.TO have the same expense ratio: 0.75% per year.
EBIT.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency.
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