FOOD.TO vs. BITS

Last updated Jun 6, 2026

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 -25.11%/yr vs 47.68%/yr for BITS. At a 0.10 correlation, their price movements are largely independent.

Performance

FOOD.TO vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Goodfood Market Corp. (FOOD.TO) and Global X Blockchain & Bitcoin Strategy ETF (BITS). The values are adjusted to include any dividend payments, if applicable.

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 -37.31% return, which is significantly lower than BITS's -4.71% return.

FOOD.TO

• 1D: -4.55%
• 1M: 2.44%
• YTD: -37.31%
• 6M: -8.70%
• 1Y: 40.00%
• 3Y*: -25.11%
• 5Y*: -51.67%
• 10Y*: —

BITS

• 1D: -7.93%
• 1M: -17.53%
• YTD: -4.71%
• 6M: -13.03%
• 1Y: 11.73%
• 3Y*: 47.68%
• 5Y*: —
• 10Y*: —

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

FOOD.TO vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FOOD.TO Goodfood Market Corp.	-37.31%	-11.84%	55.10%	-45.56%	-88.94%	-43.47%
BITS Global X Blockchain & Bitcoin Strategy ETF	-4.71%	9.63%	75.75%	205.35%	-73.71%	-28.82%

Correlation

The correlation between FOOD.TO and BITS is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.10

The correlation between FOOD.TO and BITS shifts across timeframes, from -0.02 (3 years) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FOOD.TO vs. BITS — Risk / Return Rank

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

FOOD.TO

FOOD.TO Risk / Return Rank: 60
FOOD.TO Sharpe Ratio Rank: 58
FOOD.TO Sortino Ratio Rank: 63
FOOD.TO Omega Ratio Rank: 62
FOOD.TO Calmar Ratio Rank: 60
FOOD.TO Martin Ratio Rank: 59

BITS

BITS Risk / Return Rank: 12
BITS Sharpe Ratio Rank: 12
BITS Sortino Ratio Rank: 15
BITS Omega Ratio Rank: 14
BITS Calmar Ratio Rank: 11
BITS Martin Ratio Rank: 11

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.

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.

	FOOD.TO	BITS	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.23	+0.23
Sortino ratio: Return per unit of downside risk	1.35	0.67	+0.68
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.09
Calmar ratio: Return relative to maximum drawdown	0.87	0.24	+0.63
Martin ratio: Return relative to average drawdown	1.58	0.44	+1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOOD.TO vs. BITS - Sharpe Ratio Comparison

The current FOOD.TO Sharpe Ratio is 0.45, which is higher than the BITS Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of FOOD.TO and BITS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FOOD.TO	BITS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.23	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	0.02	-0.35

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 -81.70%. Use the drawdown chart below to compare losses from any high point for FOOD.TO and BITS.

Drawdown Indicators

	FOOD.TO	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-99.07%	-81.70%	-17.37%
Max Drawdown (1Y) Largest decline over 1 year	-46.38%	-49.04%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-74.04%	-49.04%	-25.00%
Max Drawdown (5Y) Largest decline over 5 years	-98.74%	—	—
Current Drawdown Current decline from peak	-98.55%	-38.68%	-59.87%
Average Drawdown Average peak-to-trough decline	-58.00%	-41.21%	-16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.35%	26.77%	-1.42%

Volatility

FOOD.TO vs. BITS - Volatility Comparison

Goodfood Market Corp. (FOOD.TO) has a higher volatility of 19.22% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 13.11%. This indicates that FOOD.TO's price experiences larger fluctuations and is considered to be riskier than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOOD.TO	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	13.11%	+6.11%
Volatility (6M) Calculated over the trailing 6-month period	49.90%	40.61%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	88.46%	52.28%	+36.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.45%	59.09%	+18.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.80%	59.09%	+10.71%

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 24.30%.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	24.30%	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

Can I hold both FOOD.TO and BITS in my portfolio?

FOOD.TO and BITS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.