ETHR.TO vs. LBIT.TO
ETHR.TO (Evolve Ether ETF CAD Unhedged Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - ETHR.TO is a Cryptocurrency fund tracking the CME CF Ether-Dollar Reference Rate, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. ETHR.TO is passively managed, while LBIT.TO is actively managed. Over the past year, ETHR.TO returned -31.87% vs -46.69% for LBIT.TO. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
ETHR.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHR.TO achieves a -39.08% return, which is significantly lower than LBIT.TO's -30.02% return.
ETHR.TO
- 1D
- -5.13%
- 1M
- -21.92%
- YTD
- -39.08%
- 6M
- -43.48%
- 1Y
- -31.87%
- 3Y*
- -2.76%
- 5Y*
- -6.98%
- 10Y*
- —
LBIT.TO
- 1D
- -0.45%
- 1M
- -19.20%
- YTD
- -30.02%
- 6M
- -35.83%
- 1Y
- -46.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -39.08% | 47.97% |
LBIT.TO Evolve Levered Bitcoin ETF | -30.02% | -1.29% |
Correlation
The correlation between ETHR.TO and LBIT.TO is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025 | 0.71 |
The correlation between ETHR.TO and LBIT.TO has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
ETHR.TO vs. LBIT.TO — Risk / Return Rank
ETHR.TO
LBIT.TO
ETHR.TO vs. LBIT.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 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.
| ETHR.TO | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.85 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.80 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.34 | +0.50 |
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 | LBIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.89 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.51 | +0.44 |
Drawdowns
ETHR.TO vs. LBIT.TO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, which is greater than LBIT.TO's maximum drawdown of -58.70%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and LBIT.TO.
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Drawdown Indicators
| ETHR.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -58.70% | -19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -63.09% | -58.70% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -64.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.36% | — | — |
Current DrawdownCurrent decline from peak | -63.09% | -56.66% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -43.47% | -24.25% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.10% | 34.90% | +3.20% |
Volatility
ETHR.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) is 10.53%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 11.88%. This indicates that ETHR.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 11.88% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 42.12% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.37% | 52.56% | +13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 51.49% | +17.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.76% | 51.49% | +20.27% |
ETHR.TO vs. LBIT.TO - Expense Ratio Comparison
Both ETHR.TO and LBIT.TO have an expense ratio of 0.75%.
Dividends
ETHR.TO vs. LBIT.TO - Dividend Comparison
Neither ETHR.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHR.TO and LBIT.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.TO and LBIT.TO have the same expense ratio: 0.75% per year.
ETHR.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency.
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