IGB.TO vs. BTCY.TO
IGB.TO (Purpose Global Bond Class) and BTCY.TO (Purpose Bitcoin Yield ETF) are both exchange-traded funds - IGB.TO is a Global Bonds fund actively managed by Purpose Investments Inc., while BTCY.TO is a Cryptocurrency fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, IGB.TO returned 5.79%/yr vs 21.20%/yr for BTCY.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
IGB.TO vs. BTCY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IGB.TO achieves a -0.32% return, which is significantly higher than BTCY.TO's -31.07% return.
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
BTCY.TO
- 1D
- -1.18%
- 1M
- 9.26%
- 6M
- -32.96%
- YTD
- -31.07%
- 1Y
- -49.71%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | CA$118.91K | CA$151.16K | CA$233.20K |
| CA$95.58K | CA$158.59K | CA$295.38K |
IGB.TO vs. BTCY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | -0.32% | 6.05% | 7.47% | 7.40% | -7.68% | 0.92% |
BTCY.TO Purpose Bitcoin Yield ETF | -31.07% | -9.07% | 112.59% | 111.84% | -64.51% | -18.42% |
Correlation
The correlation between IGB.TO and BTCY.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.02 |
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Return for Risk
IGB.TO vs. BTCY.TO — Risk / Return Rank
IGB.TO
BTCY.TO
IGB.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Class (IGB.TO) and Purpose Bitcoin Yield ETF (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.
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.
| IGB.TO | BTCY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.83 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.88 | +1.50 |
| Martin ratioReturn relative to average drawdown | 2.16 | -1.43 | +3.59 |
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Drawdowns
IGB.TO vs. BTCY.TO - Drawdown Comparison
The maximum IGB.TO drawdown since its inception was -16.40%, smaller than the maximum BTCY.TO drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for IGB.TO and BTCY.TO.
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Drawdown Indicators
| IGB.TO | BTCY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -71.53% | +55.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -56.40% | +53.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -56.40% | +52.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -51.17% | +49.57% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -33.65% | +31.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 34.80% | -33.98% |
Volatility
IGB.TO vs. BTCY.TO - Volatility Comparison
The current volatility for Purpose Global Bond Class (IGB.TO) is 0.73%, while Purpose Bitcoin Yield ETF (BTCY.TO) has a volatility of 11.96%. This indicates that IGB.TO experiences smaller price fluctuations and is considered to be less risky than BTCY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGB.TO | BTCY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 11.96% | -11.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 41.53% | -39.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 49.42% | -46.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 50.84% | -46.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 50.84% | -45.09% |
Dividends
IGB.TO vs. BTCY.TO - Dividend Comparison
IGB.TO's dividend yield for the trailing twelve months is around 4.86%, less than BTCY.TO's 24.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | 24.29% | 15.11% | 16.69% | 9.20% | 24.17% | 1.23% | 0.00% | 0.00% | 0.00% |
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
Frequently Asked Questions
IGB.TO and BTCY.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGB.TO is categorized as Global Bonds, while BTCY.TO is Cryptocurrency.
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