ETHR.TO vs. EBIT.TO
Compare and contrast key facts about Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Evolve Bitcoin ETF CAD (EBIT.TO).
ETHR.TO and EBIT.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. EBIT.TO is a passively managed fund by Evolve that tracks the performance of the CME CF Bitcoin Reference Rate. It was launched on Feb 17, 2021. Both ETHR.TO and EBIT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETHR.TO vs. EBIT.TO - Performance Comparison
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ETHR.TO vs. EBIT.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% |
EBIT.TO Evolve Bitcoin ETF CAD | -21.88% | -11.88% | 134.59% | 146.50% | -62.36% | -20.03% |
Returns By Period
In the year-to-date period, ETHR.TO achieves a -28.50% return, which is significantly lower than EBIT.TO's -21.88% return.
ETHR.TO
- 1D
- 3.98%
- 1M
- 11.16%
- YTD
- -28.50%
- 6M
- -50.03%
- 1Y
- 9.03%
- 3Y*
- 3.59%
- 5Y*
- —
- 10Y*
- —
EBIT.TO
- 1D
- 1.85%
- 1M
- 5.14%
- YTD
- -21.88%
- 6M
- -41.28%
- 1Y
- -21.84%
- 3Y*
- 32.34%
- 5Y*
- 2.99%
- 10Y*
- —
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ETHR.TO vs. EBIT.TO - Expense Ratio Comparison
Both ETHR.TO and EBIT.TO have an expense ratio of 0.75%.
Return for Risk
ETHR.TO vs. EBIT.TO — Risk / Return Rank
ETHR.TO
EBIT.TO
ETHR.TO vs. EBIT.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 Evolve Bitcoin ETF CAD (EBIT.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 | EBIT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | -0.49 | +0.61 |
Sortino ratioReturn per unit of downside risk | 0.73 | -0.45 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.45 | +0.56 |
Martin ratioReturn relative to average drawdown | 0.23 | -0.96 | +1.19 |
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
| ETHR.TO | EBIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.49 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.07 | -0.10 |
Correlation
The correlation between ETHR.TO and EBIT.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. EBIT.TO - Dividend Comparison
Neither ETHR.TO nor EBIT.TO has paid dividends to shareholders.
Drawdowns
ETHR.TO vs. EBIT.TO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, roughly equal to the maximum EBIT.TO drawdown of -75.45%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and EBIT.TO.
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Drawdown Indicators
| ETHR.TO | EBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -75.45% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -62.29% | -50.63% | -11.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.45% | — |
Current DrawdownCurrent decline from peak | -56.68% | -46.63% | -10.05% |
Average DrawdownAverage peak-to-trough decline | -43.06% | -32.78% | -10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.72% | 23.74% | +6.98% |
Volatility
ETHR.TO vs. EBIT.TO - Volatility Comparison
Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a higher volatility of 19.68% compared to Evolve Bitcoin ETF CAD (EBIT.TO) at 12.82%. This indicates that ETHR.TO's price experiences larger fluctuations and is considered to be riskier than EBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHR.TO | EBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.68% | 12.82% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 52.55% | 36.35% | +16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.21% | 44.68% | +29.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.62% | 55.10% | +17.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.62% | 55.37% | +17.25% |