ETC.TO vs. ETH-USD

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Cryptocurrencies ETF (ETC.TO) and Ethereum (ETH-USD).

ETC.TO is an actively managed fund by Evolve. It was launched on Aug 21, 2024.

Performance

ETC.TO vs. ETH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Cryptocurrencies ETF (ETC.TO) and Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

ETC.TO vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETC.TO Evolve Cryptocurrencies ETF	-23.10%	-13.66%	117.58%	126.17%	-63.55%	11.10%
ETH-USD Ethereum	-27.78%	-15.00%	58.59%	85.99%	-65.05%	25.78%

Different Trading Currencies

ETC.TO is traded in CAD, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETC.TO achieves a -23.10% return, which is significantly higher than ETH-USD's -27.78% return.

ETC.TO

• 1D: 2.26%
• 1M: 5.54%
• YTD: -23.10%
• 6M: -43.95%
• 1Y: -19.35%
• 3Y*: 25.53%
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: 4.30%
• 1M: 11.03%
• YTD: -27.78%
• 6M: -49.06%
• 1Y: 12.16%
• 3Y*: 6.08%
• 5Y*: 3.55%
• 10Y*: 69.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ETC.TO vs. ETH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETC.TO

ETC.TO Risk / Return Rank: 6
ETC.TO Sharpe Ratio Rank: 5
ETC.TO Sortino Ratio Rank: 6
ETC.TO Omega Ratio Rank: 6
ETC.TO Calmar Ratio Rank: 6
ETC.TO Martin Ratio Rank: 6

ETH-USD

ETH-USD Risk / Return Rank: 77
ETH-USD Sharpe Ratio Rank: 86
ETH-USD Sortino Ratio Rank: 85
ETH-USD Omega Ratio Rank: 84
ETH-USD Calmar Ratio Rank: 71
ETH-USD Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETC.TO vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Cryptocurrencies ETF (ETC.TO) and Ethereum (ETH-USD). 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.

	ETC.TO	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.40	0.16	-0.56
Sortino ratio Return per unit of downside risk	-0.28	0.79	-1.07
Omega ratio Gain probability vs. loss probability	0.97	1.09	-0.12
Calmar ratio Return relative to maximum drawdown	-0.38	-0.88	+0.50
Martin ratio Return relative to average drawdown	-0.79	-1.52	+0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETC.TO vs. ETH-USD - Sharpe Ratio Comparison

The current ETC.TO Sharpe Ratio is -0.40, which is lower than the ETH-USD Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of ETC.TO and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETC.TO	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	0.16	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.81	-0.69

Correlation

The correlation between ETC.TO and ETH-USD is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

ETC.TO vs. ETH-USD - Drawdown Comparison

The maximum ETC.TO drawdown since its inception was -75.66%, smaller than the maximum ETH-USD drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for ETC.TO and ETH-USD.

Drawdown Indicators

	ETC.TO	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-75.66%	-94.01%	+18.35%
Max Drawdown (1Y) Largest decline over 1 year	-53.00%	-62.26%	+9.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-49.34%	-56.24%	+6.90%
Average Drawdown Average peak-to-trough decline	-34.98%	-50.81%	+15.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.28%	36.15%	-10.87%

Volatility

ETC.TO vs. ETH-USD - Volatility Comparison

The current volatility for Evolve Cryptocurrencies ETF (ETC.TO) is 14.56%, while Ethereum (ETH-USD) has a volatility of 18.54%. This indicates that ETC.TO experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETC.TO	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.56%	18.54%	-3.98%
Volatility (6M) Calculated over the trailing 6-month period	39.98%	52.11%	-12.13%
Volatility (1Y) Calculated over the trailing 1-year period	48.96%	62.28%	-13.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.80%	62.08%	-7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.80%	78.42%	-23.62%