FTS-PH.TO vs. ETHY.TO

Last updated Jun 4, 2026

FTS-PH.TO (Fortis Inc.) is a stock, while ETHY.TO (Purpose Ether Yield ETF - ETF Units) is Cryptocurrency fund actively managed by Purpose Investments. Over the past 3 years, FTS-PH.TO returned 25.27%/yr vs -8.68%/yr for ETHY.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

FTS-PH.TO vs. ETHY.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, FTS-PH.TO achieves a 13.35% return, which is significantly higher than ETHY.TO's -45.70% return.

FTS-PH.TO

• 1D: 0.05%
• 1M: 3.82%
• YTD: 13.35%
• 6M: 11.41%
• 1Y: 27.67%
• 3Y*: 25.27%
• 5Y*: 10.53%
• 10Y*: 8.57%

ETHY.TO

• 1D: -6.57%
• 1M: -27.49%
• YTD: -45.70%
• 6M: -48.19%
• 1Y: -39.18%
• 3Y*: -8.68%
• 5Y*: —
• 10Y*: —

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

FTS-PH.TO vs. ETHY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FTS-PH.TO Fortis Inc.	13.35%	20.68%	29.63%	10.82%	-25.81%	1.74%
ETHY.TO Purpose Ether Yield ETF - ETF Units	-45.70%	-16.16%	41.02%	71.08%	-67.53%	-16.93%

Correlation

The correlation between FTS-PH.TO and ETHY.TO 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	0.02
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021	0.06

Return for Risk

FTS-PH.TO vs. ETHY.TO — Risk / Return Rank

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

FTS-PH.TO

FTS-PH.TO Risk / Return Rank: 94
FTS-PH.TO Sharpe Ratio Rank: 92
FTS-PH.TO Sortino Ratio Rank: 93
FTS-PH.TO Omega Ratio Rank: 92
FTS-PH.TO Calmar Ratio Rank: 97
FTS-PH.TO Martin Ratio Rank: 97

ETHY.TO

ETHY.TO Risk / Return Rank: 4
ETHY.TO Sharpe Ratio Rank: 4
ETHY.TO Sortino Ratio Rank: 5
ETHY.TO Omega Ratio Rank: 5
ETHY.TO Calmar Ratio Rank: 4
ETHY.TO Martin Ratio Rank: 4

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.

FTS-PH.TO vs. ETHY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS-PH.TO) and Purpose Ether Yield ETF - ETF Units (ETHY.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.

	FTS-PH.TO	ETHY.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.49	-0.57	+3.06
Sortino ratio: Return per unit of downside risk	3.61	-0.53	+4.13
Omega ratio: Gain probability vs. loss probability	1.49	0.94	+0.55
Calmar ratio: Return relative to maximum drawdown	9.38	-0.60	+9.99
Martin ratio: Return relative to average drawdown	25.14	-1.03	+26.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTS-PH.TO vs. ETHY.TO - Sharpe Ratio Comparison

The current FTS-PH.TO Sharpe Ratio is 2.49, which is higher than the ETHY.TO Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of FTS-PH.TO and ETHY.TO, 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

	FTS-PH.TO	ETHY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	-0.57	+3.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.36	+0.52

Drawdowns

FTS-PH.TO vs. ETHY.TO - Drawdown Comparison

The maximum FTS-PH.TO drawdown since its inception was -56.68%, smaller than the maximum ETHY.TO drawdown of -76.84%. Use the drawdown chart below to compare losses from any high point for FTS-PH.TO and ETHY.TO.

Drawdown Indicators

	FTS-PH.TO	ETHY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-56.68%	-76.84%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	-65.28%	+62.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-65.28%	+49.64%
Max Drawdown (5Y) Largest decline over 5 years	-33.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.44%	—	—
Current Drawdown Current decline from peak	-1.18%	-70.37%	+69.19%
Average Drawdown Average peak-to-trough decline	-17.41%	-51.41%	+34.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	38.00%	-36.90%

Volatility

FTS-PH.TO vs. ETHY.TO - Volatility Comparison

The current volatility for Fortis Inc. (FTS-PH.TO) is 2.75%, while Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a volatility of 12.87%. This indicates that FTS-PH.TO experiences smaller price fluctuations and is considered to be less risky than ETHY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS-PH.TO	ETHY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	12.87%	-10.12%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	51.96%	-43.46%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	69.09%	-57.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	65.26%	-47.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.30%	65.26%	-43.96%

Dividends

FTS-PH.TO vs. ETHY.TO - Dividend Comparison

FTS-PH.TO's dividend yield for the trailing twelve months is around 4.98%, less than ETHY.TO's 43.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETHY.TO Purpose Ether Yield ETF - ETF Units	43.12%	19.33%	21.43%	10.44%	26.10%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTS-PH.TO Fortis Inc.	4.98%	3.96%	2.79%	3.51%	3.75%	2.70%	4.88%	4.63%	4.15%	3.46%	4.41%	5.76%

Frequently Asked Questions

Can I hold both FTS-PH.TO and ETHY.TO in my portfolio?

FTS-PH.TO and ETHY.TO 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.