ETHH.TO vs. EBIT-U.TO
ETHH.TO (Purpose Ether ETF) and EBIT-U.TO (Evolve Bitcoin ETF USD) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHH.TO returned -4.48%/yr vs 15.38%/yr for EBIT-U.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
ETHH.TO vs. EBIT-U.TO - Performance Comparison
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Different Trading Currencies
ETHH.TO is traded in CAD, while EBIT-U.TO is traded in USD. To make them comparable, the EBIT-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHH.TO achieves a -39.58% return, which is significantly lower than EBIT-U.TO's -26.37% return.
ETHH.TO
- 1D
- -1.58%
- 1M
- 6.05%
- 6M
- -45.28%
- YTD
- -39.58%
- 1Y
- -48.26%
- 3Y*
- -4.28%
- 5Y*
- -4.48%
- 10Y*
- —
EBIT-U.TO
- 1D
- -0.18%
- 1M
- 0.07%
- 6M
- -32.35%
- YTD
- -26.37%
- 1Y
- -45.80%
- 3Y*
- 29.67%
- 5Y*
- 15.38%
- 10Y*
- —
ETHH.TO vs. EBIT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHH.TO Purpose Ether ETF | -39.58% | -14.37% | 38.87% | 91.16% | -69.16% | 58.33% |
EBIT-U.TO Evolve Bitcoin ETF USD | -26.37% | -11.00% | 134.26% | 147.82% | -62.74% | -17.77% |
Correlation
The correlation between ETHH.TO and EBIT-U.TO is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.78 |
The correlation between ETHH.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
ETHH.TO vs. EBIT-U.TO — Risk / Return Rank
ETHH.TO
EBIT-U.TO
ETHH.TO vs. EBIT-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.TO) and Evolve Bitcoin ETF USD (EBIT-U.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.
| ETHH.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.84 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.86 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.35 | +0.27 |
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Drawdowns
ETHH.TO vs. EBIT-U.TO - Drawdown Comparison
The maximum ETHH.TO drawdown since its inception was -79.46%, roughly equal to the maximum EBIT-U.TO drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for ETHH.TO and EBIT-U.TO.
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Drawdown Indicators
| ETHH.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -76.08% | -3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -68.96% | -53.57% | -15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -68.96% | -53.57% | -15.39% |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | -76.08% | -3.38% |
Current DrawdownCurrent decline from peak | -67.78% | -49.26% | -18.52% |
Average DrawdownAverage peak-to-trough decline | -49.51% | -33.37% | -16.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.73% | 34.08% | +10.65% |
Volatility
ETHH.TO vs. EBIT-U.TO - Volatility Comparison
Purpose Ether ETF (ETHH.TO) has a higher volatility of 14.98% compared to Evolve Bitcoin ETF USD (EBIT-U.TO) at 12.82%. This indicates that ETHH.TO's price experiences larger fluctuations and is considered to be riskier than EBIT-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHH.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.98% | 12.82% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 46.56% | 37.63% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.87% | 46.42% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.03% | 54.80% | +15.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.79% | 56.32% | +16.47% |
Dividends
ETHH.TO vs. EBIT-U.TO - Dividend Comparison
Neither ETHH.TO nor EBIT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHH.TO and EBIT-U.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and Evolve.
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