LBIT.TO vs. EBIT-U.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and EBIT-U.TO (Evolve Bitcoin ETF USD) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while EBIT-U.TO is a Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, LBIT.TO returned -55.88% vs -45.80% for EBIT-U.TO. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
LBIT.TO vs. EBIT-U.TO - Performance Comparison
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Different Trading Currencies
LBIT.TO is traded in CAD, while EBIT-U.TO is traded in USD. To make them comparable, the EBIT-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 -33.25% return, which is significantly lower than EBIT-U.TO's -26.37% return.
LBIT.TO
- 1D
- -2.15%
- 1M
- -5.14%
- 6M
- -41.20%
- YTD
- -33.25%
- 1Y
- -55.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EBIT-U.TO
- 1D
- -0.18%
- 1M
- 0.07%
- 6M
- -32.35%
- YTD
- -26.37%
- 1Y
- -45.80%
- 3Y*
- 29.67%
- 5Y*
- 15.38%
- 10Y*
- —
LBIT.TO vs. EBIT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -33.25% | 8.66% |
EBIT-U.TO Evolve Bitcoin ETF USD | -26.37% | 0.99% |
Correlation
The correlation between LBIT.TO and EBIT-U.TO is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.83 |
The correlation between LBIT.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
LBIT.TO vs. EBIT-U.TO — Risk / Return Rank
LBIT.TO
EBIT-U.TO
LBIT.TO vs. EBIT-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Levered Bitcoin ETF (LBIT.TO) and Evolve Bitcoin ETF USD (EBIT-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 | EBIT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.84 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.86 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.35 | -0.02 |
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Drawdowns
LBIT.TO vs. EBIT-U.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -62.43%, smaller than the maximum EBIT-U.TO drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and EBIT-U.TO.
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Drawdown Indicators
| LBIT.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.43% | -76.08% | +13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -62.43% | -53.57% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.08% | — |
Current DrawdownCurrent decline from peak | -58.95% | -49.26% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -28.55% | -33.37% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.87% | 34.08% | +6.79% |
Volatility
LBIT.TO vs. EBIT-U.TO - Volatility Comparison
Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 14.05% compared to Evolve Bitcoin ETF USD (EBIT-U.TO) at 12.82%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier than EBIT-U.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 | EBIT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 12.82% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 41.49% | 37.63% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.54% | 46.42% | +6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.44% | 54.80% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.44% | 56.32% | -4.88% |
Dividends
LBIT.TO vs. EBIT-U.TO - Dividend Comparison
Neither LBIT.TO nor EBIT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
LBIT.TO and EBIT-U.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LBIT.TO is categorized as Leveraged Cryptocurrency, while EBIT-U.TO is Cryptocurrency.
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