ETHR.TO vs. BTCC-U.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO).

ETHR.TO and BTCC-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHR.TO is a passively managed fund by Evolve that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Apr 19, 2021. BTCC-U.TO is an actively managed fund by Purpose Investments. It was launched on Nov 9, 2021.

Performance

ETHR.TO vs. BTCC-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

ETHR.TO vs. BTCC-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHR.TO Evolve Ether ETF CAD Unhedged Units	-28.50%	-17.01%	52.43%	87.70%	-65.64%	54.91%
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-21.74%	-11.70%	137.29%	147.56%	-62.34%	-19.35%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ETHR.TO achieves a -28.50% return, which is significantly lower than BTCC-U.TO's -21.78% return.

ETHR.TO

• 1D: 3.98%
• 1M: 11.16%
• YTD: -28.50%
• 6M: -50.03%
• 1Y: 9.03%
• 3Y*: 3.59%
• 5Y*: —
• 10Y*: —

BTCC-U.TO

• 1D: 1.24%
• 1M: 5.05%
• YTD: -21.78%
• 6M: -40.80%
• 1Y: -21.87%
• 3Y*: 32.79%
• 5Y*: 3.36%
• 10Y*: —

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

ETHR.TO vs. BTCC-U.TO - Expense Ratio Comparison

ETHR.TO

Evolve Ether ETF CAD Unhedged Units

Return for Risk

ETHR.TO vs. BTCC-U.TO — Risk / Return Rank

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

ETHR.TO

ETHR.TO Risk / Return Rank: 17
ETHR.TO Sharpe Ratio Rank: 14
ETHR.TO Sortino Ratio Rank: 24
ETHR.TO Omega Ratio Rank: 21
ETHR.TO Calmar Ratio Rank: 14
ETHR.TO Martin Ratio Rank: 13

BTCC-U.TO

BTCC-U.TO Risk / Return Rank: 5
BTCC-U.TO Sharpe Ratio Rank: 5
BTCC-U.TO Sortino Ratio Rank: 5
BTCC-U.TO Omega Ratio Rank: 6
BTCC-U.TO Calmar Ratio Rank: 6
BTCC-U.TO Martin Ratio Rank: 5

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.

ETHR.TO vs. BTCC-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-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.

	ETHR.TO	BTCC-U.TO	Difference
Sharpe ratio Return per unit of total volatility	0.12	-0.49	+0.62
Sortino ratio Return per unit of downside risk	0.73	-0.46	+1.19
Omega ratio Gain probability vs. loss probability	1.08	0.95	+0.14
Calmar ratio Return relative to maximum drawdown	0.11	-0.45	+0.56
Martin ratio Return relative to average drawdown	0.23	-0.95	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHR.TO vs. BTCC-U.TO - Sharpe Ratio Comparison

The current ETHR.TO Sharpe Ratio is 0.12, which is higher than the BTCC-U.TO Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of ETHR.TO and BTCC-U.TO, 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

	ETHR.TO	BTCC-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	-0.49	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.10	-0.13

Correlation

The correlation between ETHR.TO and BTCC-U.TO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ETHR.TO vs. BTCC-U.TO - Dividend Comparison

Neither ETHR.TO nor BTCC-U.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ETHR.TO vs. BTCC-U.TO - Drawdown Comparison

The maximum ETHR.TO drawdown since its inception was -78.36%, roughly equal to the maximum BTCC-U.TO drawdown of -75.02%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and BTCC-U.TO.

Drawdown Indicators

	ETHR.TO	BTCC-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.36%	-76.91%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-62.29%	-49.37%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.91%	—
Current Drawdown Current decline from peak	-56.68%	-46.42%	-10.26%
Average Drawdown Average peak-to-trough decline	-43.06%	-33.74%	-9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.72%	23.17%	+7.55%

Volatility

ETHR.TO vs. BTCC-U.TO - Volatility Comparison

Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a higher volatility of 19.68% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) at 13.06%. This indicates that ETHR.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHR.TO	BTCC-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.68%	13.06%	+6.62%
Volatility (6M) Calculated over the trailing 6-month period	52.55%	36.43%	+16.12%
Volatility (1Y) Calculated over the trailing 1-year period	74.21%	44.45%	+29.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.62%	55.05%	+17.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.62%	55.25%	+17.37%