FOOD.TO vs. BITS
FOOD.TO (Goodfood Market Corp.) is a stock, while BITS (Global X Blockchain & Bitcoin Strategy ETF) is Cryptocurrency fund tracking the NONE. Over the past 3 years, FOOD.TO returned -32.60%/yr vs 34.69%/yr for BITS. At a 0.10 correlation, their price movements are largely independent.
Performance
FOOD.TO vs. BITS - Performance Comparison
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Different Trading Currencies
FOOD.TO is traded in CAD, while BITS is traded in USD. To make them comparable, the BITS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FOOD.TO achieves a -55.22% return, which is significantly lower than BITS's -5.98% return.
FOOD.TO
- 1D
- 0.00%
- 1M
- -23.08%
- 6M
- -54.55%
- YTD
- -55.22%
- 1Y
- -38.78%
- 3Y*
- -32.60%
- 5Y*
- -56.58%
- 10Y*
- —
- ALL TIME*
- -26.24%
BITS
- 1D
- 4.44%
- 1M
- -10.09%
- 6M
- -17.20%
- YTD
- -5.98%
- 1Y
- -12.69%
- 3Y*
- 34.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.88%
FOOD.TO vs. BITS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FOOD.TO Goodfood Market Corp. | -55.22% | -11.84% | 55.10% | -45.56% | -88.94% | -41.01% |
BITS Global X Blockchain & Bitcoin Strategy ETF | -5.98% | 9.66% | 75.55% | 204.80% | -73.90% | -27.65% |
Correlation
The correlation between FOOD.TO and BITS is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.10 |
The correlation between FOOD.TO and BITS shifts across timeframes, from -0.01 (3 years) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FOOD.TO vs. BITS — Risk / Return Rank
FOOD.TO
BITS
FOOD.TO vs. BITS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goodfood Market Corp. (FOOD.TO) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.
| FOOD.TO | BITS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.00 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.28 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.32 | -0.46 | -0.85 |
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Drawdowns
FOOD.TO vs. BITS - Drawdown Comparison
The maximum FOOD.TO drawdown since its inception was -99.07%, which is greater than BITS's maximum drawdown of -81.74%. Use the drawdown chart below to compare losses from any high point for FOOD.TO and BITS.
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Drawdown Indicators
| FOOD.TO | BITS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -81.74% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -56.52% | -49.21% | -7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -74.04% | -49.21% | -24.83% |
Max Drawdown (5Y)Largest decline over 5 years | -98.74% | — | — |
Current DrawdownCurrent decline from peak | -98.97% | -39.64% | -59.33% |
Average DrawdownAverage peak-to-trough decline | -58.57% | -40.91% | -17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.40% | 29.66% | +0.74% |
Volatility
FOOD.TO vs. BITS - Volatility Comparison
The current volatility for Goodfood Market Corp. (FOOD.TO) is 10.96%, while Global X Blockchain & Bitcoin Strategy ETF (BITS) has a volatility of 11.65%. This indicates that FOOD.TO experiences smaller price fluctuations and is considered to be less risky than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOOD.TO | BITS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 11.65% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 45.40% | 40.60% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.25% | 53.48% | +27.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.22% | 60.70% | +16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.54% | 60.70% | +8.84% |
Dividends
FOOD.TO vs. BITS - Dividend Comparison
FOOD.TO has not paid dividends to shareholders, while BITS's dividend yield for the trailing twelve months is around 24.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 24.77% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
FOOD.TO Goodfood Market Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FOOD.TO and BITS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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