L.TO vs. BTCC.TO
L.TO (Loblaw Companies Limited) is a stock, while BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments. Over the past 5 years, L.TO returned 33.11%/yr vs 10.67%/yr for BTCC.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
L.TO vs. BTCC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, L.TO achieves a 2.62% return, which is significantly higher than BTCC.TO's -27.91% return.
L.TO
- 1D
- -1.11%
- 1M
- 3.42%
- YTD
- 2.62%
- 6M
- 2.89%
- 1Y
- 15.10%
- 3Y*
- 34.35%
- 5Y*
- 33.11%
- 10Y*
- 26.65%
BTCC.TO
- 1D
- 2.25%
- 1M
- -15.25%
- YTD
- -27.91%
- 6M
- -28.50%
- 1Y
- -40.03%
- 3Y*
- 23.71%
- 5Y*
- 10.67%
- 10Y*
- —
L.TO vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
L.TO Loblaw Companies Limited | 2.62% | 34.69% | 54.55% | 13.67% | 21.98% | 82.50% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -27.91% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
Correlation
The correlation between L.TO and BTCC.TO is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | -0.04 |
Over the past year, the inverse relationship between L.TO and BTCC.TO has strengthened: their correlation has moved from -0.04 to -0.25, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
L.TO vs. BTCC.TO — Risk / Return Rank
L.TO
BTCC.TO
L.TO vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loblaw Companies Limited (L.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.
| L.TO | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.86 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.76 | +1.80 |
| Martin ratioReturn relative to average drawdown | 2.43 | -1.28 | +3.72 |
Loading charts...
Drawdowns
L.TO vs. BTCC.TO - Drawdown Comparison
The maximum L.TO drawdown since its inception was -44.67%, smaller than the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for L.TO and BTCC.TO.
Loading charts...
Drawdown Indicators
| L.TO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -77.80% | +33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -53.17% | +38.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -53.17% | +38.64% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -77.80% | +63.27% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | — | — |
Current DrawdownCurrent decline from peak | -8.06% | -50.09% | +42.03% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -34.88% | +27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 31.26% | -25.04% |
Volatility
L.TO vs. BTCC.TO - Volatility Comparison
The current volatility for Loblaw Companies Limited (L.TO) is 6.47%, while Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a volatility of 13.31%. This indicates that L.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.
Loading charts...
Volatility by Period
| L.TO | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 13.31% | -6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 34.22% | -18.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.21% | 43.90% | -22.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 55.04% | -36.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 56.35% | -35.96% |
Dividends
L.TO vs. BTCC.TO - Dividend Comparison
L.TO's dividend yield for the trailing twelve months is around 0.91%, while BTCC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
L.TO Loblaw Companies Limited | 0.91% | 2.19% | 4.20% | 5.43% | 5.28% | 5.40% | 8.15% | 7.40% | 6.45% | 7.84% | 7.27% | 7.61% |
Frequently Asked Questions
L.TO and BTCC.TO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for L.TO and BTCC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer