HXQ.TO vs. BTCC.TO
HXQ.TO (Horizons NASDAQ-100 Index ETF) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments. HXQ.TO is passively managed, while BTCC.TO is actively managed. Over the past 5 years, HXQ.TO returned 16.27%/yr vs 10.99%/yr for BTCC.TO. At a 0.34 correlation, their price movements are largely independent. HXQ.TO charges 0.25%/yr vs 1.00%/yr for BTCC.TO.
Performance
HXQ.TO vs. BTCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXQ.TO achieves a 14.44% return, which is significantly higher than BTCC.TO's -28.48% return.
HXQ.TO
- 1D
- -1.10%
- 1M
- -4.72%
- 6M
- 13.14%
- YTD
- 14.44%
- 1Y
- 25.29%
- 3Y*
- 24.97%
- 5Y*
- 16.27%
- 10Y*
- 21.13%
- ALL TIME*
- 21.14%
BTCC.TO
- 1D
- -1.06%
- 1M
- 6.74%
- 6M
- -29.69%
- YTD
- -28.48%
- 1Y
- -48.11%
- 3Y*
- 26.03%
- 5Y*
- 10.99%
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.02M | CA$1.47M | CA$2.55M | |
| CA$2.67M | CA$3.05M | CA$3.88M |
HXQ.TO vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 14.44% | 15.05% | 35.98% | 51.16% | -27.84% | 24.54% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -28.48% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
Correlation
The correlation between HXQ.TO and BTCC.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.34 |
The correlation between HXQ.TO and BTCC.TO shifts across timeframes, from 0.32 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HXQ.TO vs. BTCC.TO — Risk / Return Rank
HXQ.TO
BTCC.TO
HXQ.TO vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.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.
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.
| HXQ.TO | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.81 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.88 | +2.93 |
| Martin ratioReturn relative to average drawdown | 6.16 | -1.38 | +7.54 |
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Drawdowns
HXQ.TO vs. BTCC.TO - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and BTCC.TO.
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Drawdown Indicators
| HXQ.TO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -77.80% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -54.58% | +42.15% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -54.58% | +32.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.60% | -77.80% | +46.20% |
Max Drawdown (10Y)Largest decline over 10 years | -31.60% | — | — |
Current DrawdownCurrent decline from peak | -7.90% | -50.48% | +42.58% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -35.16% | +29.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 34.89% | -30.77% |
Volatility
HXQ.TO vs. BTCC.TO - Volatility Comparison
The current volatility for Horizons NASDAQ-100 Index ETF (HXQ.TO) is 7.11%, while Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a volatility of 9.12%. This indicates that HXQ.TO experiences smaller price fluctuations and is considered to be less risky than BTCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXQ.TO | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 9.12% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 34.29% | -19.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 44.19% | -25.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 54.60% | -33.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 56.05% | -35.01% |
HXQ.TO vs. BTCC.TO - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is lower than BTCC.TO's 1.00% expense ratio.
Dividends
HXQ.TO vs. BTCC.TO - Dividend Comparison
Neither HXQ.TO nor BTCC.TO has paid dividends to shareholders.
Frequently Asked Questions
HXQ.TO and BTCC.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXQ.TO is cheaper with a 0.25% expense ratio, compared with 1.00% for BTCC.TO.
HXQ.TO is categorized as Nasdaq-100, while BTCC.TO is Cryptocurrency. They also come from different issuers: Horizons and Purpose Investments. Their fees differ too: 0.25% for HXQ.TO and 1.00% for BTCC.TO.
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