ETHY-U.TO vs. YGOG.NEO
ETHY-U.TO (Purpose Ether Yield ETF USD Non-Currency Hedged Units) and YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) are both exchange-traded funds - ETHY-U.TO is a Cryptocurrency fund actively managed by Purpose, while YGOG.NEO is a Derivative Income fund actively managed by Purpose. Both are actively managed. Over the past 3 years, ETHY-U.TO returned -13.16%/yr vs 40.49%/yr for YGOG.NEO. At a 0.19 correlation, their price movements are largely independent.
Performance
ETHY-U.TO vs. YGOG.NEO - Performance Comparison
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Different Trading Currencies
ETHY-U.TO is traded in USD, while YGOG.NEO is traded in CAD. To make them comparable, the YGOG.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHY-U.TO achieves a -40.99% return, which is significantly lower than YGOG.NEO's 12.52% return.
ETHY-U.TO
- 1D
- 1.52%
- 1M
- 5.23%
- 6M
- -47.24%
- YTD
- -40.99%
- 1Y
- -43.44%
- 3Y*
- -13.16%
- 5Y*
- —
- 10Y*
- —
YGOG.NEO
- 1D
- 3.83%
- 1M
- -0.02%
- 6M
- 6.51%
- YTD
- 12.52%
- 1Y
- 102.70%
- 3Y*
- 40.49%
- 5Y*
- —
- 10Y*
- —
ETHY-U.TO vs. YGOG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | -40.99% | -14.79% | 16.62% | 52.27% | 1.38% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 12.52% | 77.56% | 24.91% | 59.89% | 1.97% |
Correlation
The correlation between ETHY-U.TO and YGOG.NEO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.19 |
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Return for Risk
ETHY-U.TO vs. YGOG.NEO — Risk / Return Rank
ETHY-U.TO
YGOG.NEO
ETHY-U.TO vs. YGOG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) and Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO). 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.
| ETHY-U.TO | YGOG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.63 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.49 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 4.43 | -5.05 |
| Martin ratioReturn relative to average drawdown | -0.99 | 13.68 | -14.67 |
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Drawdowns
ETHY-U.TO vs. YGOG.NEO - Drawdown Comparison
The maximum ETHY-U.TO drawdown since its inception was -83.18%, which is greater than YGOG.NEO's maximum drawdown of -33.41%. Use the drawdown chart below to compare losses from any high point for ETHY-U.TO and YGOG.NEO.
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Drawdown Indicators
| ETHY-U.TO | YGOG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.18% | -33.41% | -49.77% |
Max Drawdown (1Y)Largest decline over 1 year | -70.87% | -23.30% | -47.57% |
Max Drawdown (3Y)Largest decline over 3 years | -70.87% | -33.41% | -37.46% |
Current DrawdownCurrent decline from peak | -78.20% | -10.29% | -67.91% |
Average DrawdownAverage peak-to-trough decline | -62.32% | -7.65% | -54.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.89% | 7.53% | +36.36% |
Volatility
ETHY-U.TO vs. YGOG.NEO - Volatility Comparison
Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) has a higher volatility of 31.45% compared to Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) at 12.69%. This indicates that ETHY-U.TO's price experiences larger fluctuations and is considered to be riskier than YGOG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHY-U.TO | YGOG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.45% | 12.69% | +18.76% |
Volatility (6M)Calculated over the trailing 6-month period | 62.45% | 25.43% | +37.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.10% | 33.64% | +44.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 33.60% | +35.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.89% | 33.60% | +35.29% |
Dividends
ETHY-U.TO vs. YGOG.NEO - Dividend Comparison
ETHY-U.TO's dividend yield for the trailing twelve months is around 40.75%, more than YGOG.NEO's 8.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | 40.75% | 18.89% | 3.10% | 0.00% | 0.00% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 8.47% | 5.84% | 6.63% | 7.24% | 0.91% |
Frequently Asked Questions
ETHY-U.TO and YGOG.NEO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHY-U.TO is categorized as Cryptocurrency, while YGOG.NEO is Derivative Income.
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