ETHH.TO vs. IBIT
ETHH.TO (Purpose Ether ETF) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. ETHH.TO is actively managed, while IBIT is passively managed. Over the past year, ETHH.TO returned -48.97% vs -43.02% for IBIT. Their 0.77 correlation means they have sometimes moved together and sometimes differently. ETHH.TO charges 1.00%/yr vs 0.25%/yr for IBIT.
Performance
ETHH.TO vs. IBIT - Performance Comparison
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Different Trading Currencies
ETHH.TO is traded in CAD, while IBIT is traded in USD. To make them comparable, the IBIT 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 -38.87% return, which is significantly lower than IBIT's -25.43% return.
ETHH.TO
- 1D
- -2.81%
- 1M
- 6.79%
- 6M
- -21.54%
- YTD
- -38.87%
- 1Y
- -48.97%
- 3Y*
- -3.29%
- 5Y*
- -8.33%
- 10Y*
- —
- ALL TIME*
- -7.09%
IBIT
- 1D
- 1.54%
- 1M
- 2.27%
- 6M
- -15.91%
- YTD
- -25.43%
- 1Y
- -43.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETHH.TO Purpose Ether ETF | CA$119.99K | CA$198.31K | CA$386.38K |
| CA$1.87B | CA$1.88B | CA$2.31B |
ETHH.TO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHH.TO Purpose Ether ETF | -38.87% | -14.37% | 30.50% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -10.68% | 103.66% |
Correlation
The correlation between ETHH.TO and IBIT is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.77 |
The correlation between ETHH.TO and IBIT shifts across timeframes, from 0.77 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHH.TO vs. IBIT — Risk / Return Rank
ETHH.TO
IBIT
ETHH.TO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.TO) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.84 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.82 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.22 | +0.10 |
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Drawdowns
ETHH.TO vs. IBIT - Drawdown Comparison
The maximum ETHH.TO drawdown since its inception was -79.46%, which is greater than IBIT's maximum drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for ETHH.TO and IBIT.
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Drawdown Indicators
| ETHH.TO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -52.49% | -26.97% |
Max Drawdown (1Y)Largest decline over 1 year | -68.96% | -52.49% | -16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -68.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | — | — |
Current DrawdownCurrent decline from peak | -67.40% | -49.07% | -18.33% |
Average DrawdownAverage peak-to-trough decline | -49.64% | -18.17% | -31.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.41% | 35.21% | +11.20% |
Volatility
ETHH.TO vs. IBIT - Volatility Comparison
Purpose Ether ETF (ETHH.TO) has a higher volatility of 11.69% compared to iShares Bitcoin Trust ETF (IBIT) at 8.90%. This indicates that ETHH.TO's price experiences larger fluctuations and is considered to be riskier than IBIT 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 | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 8.90% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 33.53% | +12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.55% | 44.61% | +21.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.42% | 49.84% | +19.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.59% | 49.84% | +22.75% |
ETHH.TO vs. IBIT - Expense Ratio Comparison
ETHH.TO has a 1.00% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ETHH.TO vs. IBIT - Dividend Comparison
Neither ETHH.TO nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ETHH.TO and IBIT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 1.00% for ETHH.TO.
They also come from different issuers: Purpose and iShares. Their fees differ too: 1.00% for ETHH.TO and 0.25% for IBIT.
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