ETHY.TO vs. BTCY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO).

ETHY.TO and BTCY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHY.TO is an actively managed fund by Purpose Investments. It was launched on Dec 2, 2021. BTCY.TO is an actively managed fund by Purpose Investments. It was launched on Dec 2, 2021.

Performance

ETHY.TO vs. BTCY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO). The values are adjusted to include any dividend payments, if applicable.

ETHY.TO vs. BTCY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHY.TO Purpose Ether Yield ETF - ETF Units	-35.07%	-16.16%	41.02%	71.08%	-67.53%	-11.39%
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units	-26.66%	-9.07%	112.76%	111.89%	-64.49%	-13.24%

Returns By Period

In the year-to-date period, ETHY.TO achieves a -35.07% return, which is significantly lower than BTCY.TO's -26.66% return.

ETHY.TO

• 1D: 4.52%
• 1M: 11.25%
• YTD: -35.07%
• 6M: -52.44%
• 1Y: -1.23%
• 3Y*: -1.53%
• 5Y*: —
• 10Y*: —

BTCY.TO

• 1D: 2.72%
• 1M: 4.09%
• YTD: -26.66%
• 6M: -44.02%
• 1Y: -24.71%
• 3Y*: 25.20%
• 5Y*: —
• 10Y*: —

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

ETHY.TO vs. BTCY.TO - Expense Ratio Comparison

The portfolio doesn't include any funds that charge management fees.

Return for Risk

ETHY.TO vs. BTCY.TO — Risk / Return Rank

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

ETHY.TO

ETHY.TO Risk / Return Rank: 14
ETHY.TO Sharpe Ratio Rank: 11
ETHY.TO Sortino Ratio Rank: 19
ETHY.TO Omega Ratio Rank: 17
ETHY.TO Calmar Ratio Rank: 11
ETHY.TO Martin Ratio Rank: 11

BTCY.TO

BTCY.TO Risk / Return Rank: 4
BTCY.TO Sharpe Ratio Rank: 4
BTCY.TO Sortino Ratio Rank: 4
BTCY.TO Omega Ratio Rank: 4
BTCY.TO Calmar Ratio Rank: 4
BTCY.TO Martin Ratio Rank: 3

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.

ETHY.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Purpose Bitcoin Yield ETF - ETF Units (BTCY.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.

	ETHY.TO	BTCY.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.02	-0.51	+0.50
Sortino ratio Return per unit of downside risk	0.52	-0.48	+1.01
Omega ratio Gain probability vs. loss probability	1.06	0.94	+0.12
Calmar ratio Return relative to maximum drawdown	-0.06	-0.48	+0.43
Martin ratio Return relative to average drawdown	-0.13	-1.10	+0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHY.TO vs. BTCY.TO - Sharpe Ratio Comparison

The current ETHY.TO Sharpe Ratio is -0.02, which is higher than the BTCY.TO Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of ETHY.TO and BTCY.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

	ETHY.TO	BTCY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	-0.51	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	-0.03	-0.29

Correlation

The correlation between ETHY.TO and BTCY.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

ETHY.TO vs. BTCY.TO - Dividend Comparison

ETHY.TO's dividend yield for the trailing twelve months is around 33.33%, more than BTCY.TO's 21.63% yield.

	TTM	2025	2024	2023	2022	2021
ETHY.TO Purpose Ether Yield ETF - ETF Units	33.33%	19.33%	21.43%	10.44%	26.10%	2.40%
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units	21.63%	15.11%	16.75%	9.22%	24.25%	1.23%

Drawdowns

ETHY.TO vs. BTCY.TO - Drawdown Comparison

The maximum ETHY.TO drawdown since its inception was -76.84%, which is greater than BTCY.TO's maximum drawdown of -69.71%. Use the drawdown chart below to compare losses from any high point for ETHY.TO and BTCY.TO.

Drawdown Indicators

	ETHY.TO	BTCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.84%	-69.71%	-7.13%
Max Drawdown (1Y) Largest decline over 1 year	-64.58%	-52.51%	-12.07%
Current Drawdown Current decline from peak	-64.58%	-48.05%	-16.53%
Average Drawdown Average peak-to-trough decline	-50.98%	-30.39%	-20.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.28%	23.13%	+7.15%

Volatility

ETHY.TO vs. BTCY.TO - Volatility Comparison

Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 21.15% compared to Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO) at 14.79%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier than BTCY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHY.TO	BTCY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.15%	14.79%	+6.36%
Volatility (6M) Calculated over the trailing 6-month period	56.50%	41.27%	+15.23%
Volatility (1Y) Calculated over the trailing 1-year period	74.80%	48.25%	+26.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.91%	51.30%	+14.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.91%	51.30%	+14.61%