ETHH.TO vs. LBIT.TO
ETHH.TO (Purpose Ether ETF) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - ETHH.TO is a Cryptocurrency fund actively managed by Purpose Investments, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, ETHH.TO returned -37.82% vs -50.00% for LBIT.TO. A 0.74 correlation means they provide meaningful diversification when combined. ETHH.TO charges 1.00%/yr vs 0.75%/yr for LBIT.TO.
Performance
ETHH.TO vs. LBIT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHH.TO achieves a -48.14% return, which is significantly lower than LBIT.TO's -36.81% return.
ETHH.TO
- 1D
- -4.71%
- 1M
- -25.79%
- YTD
- -48.14%
- 6M
- -47.45%
- 1Y
- -37.82%
- 3Y*
- -9.20%
- 5Y*
- -6.83%
- 10Y*
- —
LBIT.TO
- 1D
- -4.21%
- 1M
- -25.16%
- YTD
- -36.81%
- 6M
- -37.08%
- 1Y
- -50.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHH.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHH.TO Purpose Ether ETF | -48.14% | 60.11% |
LBIT.TO Evolve Levered Bitcoin ETF | -36.81% | 8.66% |
Correlation
The correlation between ETHH.TO and LBIT.TO is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.74 |
The correlation between ETHH.TO and LBIT.TO has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHH.TO vs. LBIT.TO — Risk / Return Rank
ETHH.TO
LBIT.TO
ETHH.TO vs. LBIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.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.
| ETHH.TO | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.83 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.81 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.32 | +0.41 |
Loading charts...
Drawdowns
ETHH.TO vs. LBIT.TO - Drawdown Comparison
The maximum ETHH.TO drawdown since its inception was -79.46%, 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 ETHH.TO and LBIT.TO.
Loading charts...
Drawdown Indicators
| ETHH.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -61.85% | -17.61% |
Max Drawdown (1Y)Largest decline over 1 year | -68.51% | -61.85% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -68.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | — | — |
Current DrawdownCurrent decline from peak | -72.35% | -61.14% | -11.21% |
Average DrawdownAverage peak-to-trough decline | -49.27% | -26.91% | -22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.60% | 38.01% | +3.59% |
Volatility
ETHH.TO vs. LBIT.TO - Volatility Comparison
Purpose Ether ETF (ETHH.TO) has a higher volatility of 18.76% compared to Evolve Levered Bitcoin ETF (LBIT.TO) at 16.81%. This indicates that ETHH.TO's price experiences larger fluctuations and is considered to be riskier than LBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHH.TO | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.76% | 16.81% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 45.80% | 41.15% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.84% | 52.35% | +15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.59% | 51.69% | +18.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.01% | 51.69% | +21.32% |
ETHH.TO vs. LBIT.TO - Expense Ratio Comparison
ETHH.TO has a 1.00% expense ratio, which is higher than LBIT.TO's 0.75% expense ratio.
Dividends
ETHH.TO vs. LBIT.TO - Dividend Comparison
Neither ETHH.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHH.TO and LBIT.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for ETHH.TO.
ETHH.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for ETHH.TO and 0.75% for LBIT.TO.
Find the right allocation for ETHH.TO and LBIT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer