LBIT.TO vs. BTCC.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past year, LBIT.TO returned -53.43% vs -46.28% for BTCC.TO. Their correlation of 0.88 suggests significant overlap in exposure. LBIT.TO charges 0.75%/yr vs 1.00%/yr for BTCC.TO.
Performance
LBIT.TO vs. BTCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LBIT.TO achieves a -31.57% return, which is significantly lower than BTCC.TO's -27.53% return.
LBIT.TO
- 1D
- 0.69%
- 1M
- -2.76%
- 6M
- -41.08%
- YTD
- -31.57%
- 1Y
- -53.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC.TO
- 1D
- 0.62%
- 1M
- -3.39%
- 6M
- -34.93%
- YTD
- -27.53%
- 1Y
- -46.28%
- 3Y*
- 25.12%
- 5Y*
- 11.48%
- 10Y*
- —
LBIT.TO vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -31.57% | 8.66% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -27.53% | 1.75% |
Correlation
The correlation between LBIT.TO and BTCC.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.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.TO — Risk / Return Rank
LBIT.TO
BTCC.TO
LBIT.TO vs. BTCC.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 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.
| LBIT.TO | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.37 | +0.05 |
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Drawdowns
LBIT.TO vs. BTCC.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -62.43%, smaller than the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and BTCC.TO.
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Drawdown Indicators
| LBIT.TO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.43% | -77.80% | +15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -62.43% | -54.58% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.80% | — |
Current DrawdownCurrent decline from peak | -57.92% | -49.82% | -8.10% |
Average DrawdownAverage peak-to-trough decline | -28.36% | -35.09% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.54% | 33.89% | +6.65% |
Volatility
LBIT.TO vs. BTCC.TO - Volatility Comparison
Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 13.92% compared to Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) at 10.91%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier 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
| LBIT.TO | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.92% | 10.91% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 41.55% | 34.44% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 44.30% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.57% | 54.72% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.57% | 56.17% | -4.60% |
LBIT.TO vs. BTCC.TO - Expense Ratio Comparison
LBIT.TO has a 0.75% expense ratio, which is lower than BTCC.TO's 1.00% expense ratio.
Dividends
LBIT.TO vs. BTCC.TO - Dividend Comparison
Neither LBIT.TO nor BTCC.TO has paid dividends to shareholders.
Frequently Asked Questions
LBIT.TO and BTCC.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.
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 1.00% for BTCC.TO.
LBIT.TO is categorized as Leveraged Cryptocurrency, while BTCC.TO is Cryptocurrency. They also come from different issuers: Evolve and Purpose Investments. Their fees differ too: 0.75% for LBIT.TO and 1.00% for BTCC.TO.
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