ETC.TO vs. ETH-USD
ETC.TO (Evolve Cryptocurrencies ETF) is Cryptocurrency fund actively managed by Evolve, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 3 years, ETC.TO returned 25.64%/yr vs 1.10%/yr for ETH-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ETC.TO vs. ETH-USD - Performance Comparison
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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 -29.24% return, which is significantly higher than ETH-USD's -38.19% return.
ETC.TO
- 1D
- -1.94%
- 1M
- -20.03%
- YTD
- -29.24%
- 6M
- -34.60%
- 1Y
- -39.39%
- 3Y*
- 25.64%
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 0.00%
- 1M
- -21.73%
- YTD
- -38.19%
- 6M
- -42.48%
- 1Y
- -29.49%
- 3Y*
- 1.10%
- 5Y*
- -4.98%
- 10Y*
- 63.68%
ETC.TO vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | -29.24% | -13.66% | 117.58% | 126.17% | -63.55% | 11.10% |
ETH-USD Ethereum | -39.99% | -15.00% | 58.59% | 85.99% | -65.05% | 25.78% |
Correlation
The correlation between ETC.TO and ETH-USD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.60 |
The correlation between ETC.TO and ETH-USD has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
ETC.TO vs. ETH-USD — Risk / Return Rank
ETC.TO
ETH-USD
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 ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.97 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.47 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.78 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETC.TO | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.44 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.77 | -0.69 |
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.
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Drawdown Indicators
| ETC.TO | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -93.09% | +17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -53.39% | -62.56% | +9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -53.39% | -63.03% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.09% | — |
Current DrawdownCurrent decline from peak | -53.39% | -62.32% | +8.93% |
Average DrawdownAverage peak-to-trough decline | -35.37% | -48.51% | +13.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.64% | 44.34% | -12.70% |
Volatility
ETC.TO vs. ETH-USD - Volatility Comparison
The current volatility for Evolve Cryptocurrencies ETF (ETC.TO) is 9.59%, while Ethereum (ETH-USD) has a volatility of 10.67%. 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.
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Volatility by Period
| ETC.TO | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 10.67% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 35.62% | 46.26% | -10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.21% | 55.68% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.15% | 57.88% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.15% | 77.41% | -23.26% |
Frequently Asked Questions
ETC.TO and ETH-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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