LBIT.TO vs. BTCC-U.TO

Last updated Jul 16, 2026

LBIT.TO (Evolve Levered Bitcoin ETF) and BTCC-U.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-U.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past year, LBIT.TO returned -53.43% vs -43.76% for BTCC-U.TO. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

LBIT.TO vs. BTCC-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Levered Bitcoin ETF (LBIT.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LBIT.TO is traded in CAD, while BTCC-U.TO is traded in USD. To make them comparable, the BTCC-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LBIT.TO achieves a -31.57% return, which is significantly lower than BTCC-U.TO's -24.05% return.

LBIT.TO

• 1D: 0.69%
• 1M: -2.76%
• 6M: -41.08%
• YTD: -31.57%
• 1Y: -53.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCC-U.TO

• 1D: 0.36%
• 1M: -1.68%
• 6M: -32.97%
• YTD: -24.05%
• 1Y: -43.76%
• 3Y*: 30.46%
• 5Y*: 16.23%
• 10Y*: —

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

LBIT.TO vs. BTCC-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025
LBIT.TO Evolve Levered Bitcoin ETF	-31.57%	8.66%
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-24.05%	0.36%

Correlation

The correlation between LBIT.TO and BTCC-U.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-U.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

LBIT.TO vs. BTCC-U.TO — Risk / Return Rank

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

LBIT.TO

LBIT.TO Risk / Return Rank: 2
LBIT.TO Sharpe Ratio Rank: 1
LBIT.TO Sortino Ratio Rank: 1
LBIT.TO Omega Ratio Rank: 1
LBIT.TO Calmar Ratio Rank: 2
LBIT.TO Martin Ratio Rank: 2

BTCC-U.TO

BTCC-U.TO Risk / Return Rank: 2
BTCC-U.TO Sharpe Ratio Rank: 1
BTCC-U.TO Sortino Ratio Rank: 2
BTCC-U.TO Omega Ratio Rank: 2
BTCC-U.TO Calmar Ratio Rank: 2
BTCC-U.TO Martin Ratio Rank: 2

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.

LBIT.TO vs. BTCC-U.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-U.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-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	-0.98	-0.04
Sortino ratio: Return per unit of downside risk	-1.62	-1.45	-0.17
Omega ratio: Gain probability vs. loss probability	0.81	0.84	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.83	-0.03
Martin ratio: Return relative to average drawdown	-1.32	-1.30	-0.02

LBIT.TO vs. BTCC-U.TO - Sharpe Ratio Comparison

The current LBIT.TO Sharpe Ratio is -1.02, which is comparable to the BTCC-U.TO Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of LBIT.TO and BTCC-U.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.

Drawdowns

LBIT.TO vs. BTCC-U.TO - Drawdown Comparison

The maximum LBIT.TO drawdown since its inception was -62.43%, smaller than the maximum BTCC-U.TO drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and BTCC-U.TO.

Drawdown Indicators

	LBIT.TO	BTCC-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.43%	-75.18%	+12.75%
Max Drawdown (1Y) Largest decline over 1 year	-62.43%	-52.69%	-9.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.18%	—
Current Drawdown Current decline from peak	-57.92%	-48.29%	-9.63%
Average Drawdown Average peak-to-trough decline	-28.36%	-33.19%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.54%	33.76%	+6.78%

Volatility

LBIT.TO vs. BTCC-U.TO - Volatility Comparison

Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 13.92% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) at 10.31%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBIT.TO	BTCC-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.92%	10.31%	+3.61%
Volatility (6M) Calculated over the trailing 6-month period	41.55%	34.70%	+6.85%
Volatility (1Y) Calculated over the trailing 1-year period	52.67%	44.63%	+8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.57%	54.88%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.57%	56.56%	-4.99%

Dividends

LBIT.TO vs. BTCC-U.TO - Dividend Comparison

Neither LBIT.TO nor BTCC-U.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LBIT.TO and BTCC-U.TO in my portfolio?

LBIT.TO and BTCC-U.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between LBIT.TO and BTCC-U.TO?

LBIT.TO is categorized as Leveraged Cryptocurrency, while BTCC-U.TO is Cryptocurrency. They also come from different issuers: Evolve and Purpose Investments.