LBIT.TO vs. BTCC-B.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while BTCC-B.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past year, LBIT.TO returned -53.67% vs -43.32% for BTCC-B.TO. Their correlation of 0.88 suggests significant overlap in exposure. LBIT.TO charges 0.75%/yr vs 1.33%/yr for BTCC-B.TO.
Performance
LBIT.TO vs. BTCC-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LBIT.TO achieves a -38.18% return, which is significantly lower than BTCC-B.TO's -29.70% return.
LBIT.TO
- 1D
- -1.67%
- 1M
- -26.77%
- YTD
- -38.18%
- 6M
- -38.43%
- 1Y
- -53.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC-B.TO
- 1D
- -1.42%
- 1M
- -19.25%
- YTD
- -29.70%
- 6M
- -29.32%
- 1Y
- -43.32%
- 3Y*
- 26.82%
- 5Y*
- 14.73%
- 10Y*
- —
LBIT.TO vs. BTCC-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -38.18% | 8.66% |
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -29.70% | -0.53% |
Correlation
The correlation between LBIT.TO and BTCC-B.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.88 |
The correlation between LBIT.TO and BTCC-B.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
LBIT.TO vs. BTCC-B.TO — Risk / Return Rank
LBIT.TO
BTCC-B.TO
LBIT.TO vs. BTCC-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Levered Bitcoin ETF (LBIT.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.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.
| LBIT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.83 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.37 | -0.04 |
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Drawdowns
LBIT.TO vs. BTCC-B.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -61.98%, smaller than the maximum BTCC-B.TO drawdown of -75.12%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and BTCC-B.TO.
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Drawdown Indicators
| LBIT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -75.12% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -61.98% | -52.30% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.12% | — |
Current DrawdownCurrent decline from peak | -61.98% | -51.98% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -27.03% | -32.99% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.21% | 31.73% | +6.48% |
Volatility
LBIT.TO vs. BTCC-B.TO - Volatility Comparison
Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 16.68% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) at 12.99%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBIT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 12.99% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 41.22% | 33.52% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.41% | 43.07% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.66% | 53.17% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.66% | 54.85% | -3.19% |
LBIT.TO vs. BTCC-B.TO - Expense Ratio Comparison
LBIT.TO has a 0.75% expense ratio, which is lower than BTCC-B.TO's 1.33% expense ratio.
Dividends
LBIT.TO vs. BTCC-B.TO - Dividend Comparison
Neither LBIT.TO nor BTCC-B.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, LBIT.TO and BTCC-B.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.33% for BTCC-B.TO.
LBIT.TO is categorized as Leveraged Cryptocurrency, while BTCC-B.TO is Cryptocurrency. They also come from different issuers: Evolve and Purpose Investments. Their fees differ too: 0.75% for LBIT.TO and 1.33% for BTCC-B.TO.
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