LBIT.TO vs. ETC.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and ETC.TO (Evolve Cryptocurrencies ETF) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while ETC.TO is a Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, LBIT.TO returned -53.43% vs -44.29% for ETC.TO. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
LBIT.TO vs. ETC.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 ETC.TO's -26.96% return.
LBIT.TO
- 1D
- 0.69%
- 1M
- -2.76%
- 6M
- -41.08%
- YTD
- -31.57%
- 1Y
- -53.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETC.TO
- 1D
- 0.89%
- 1M
- -2.04%
- 6M
- -35.28%
- YTD
- -26.96%
- 1Y
- -44.29%
- 3Y*
- 22.25%
- 5Y*
- —
- 10Y*
- —
LBIT.TO vs. ETC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -31.57% | 8.66% |
ETC.TO Evolve Cryptocurrencies ETF | -26.96% | 4.68% |
Correlation
The correlation between LBIT.TO and ETC.TO is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.85 |
The correlation between LBIT.TO and ETC.TO has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
LBIT.TO vs. ETC.TO — Risk / Return Rank
LBIT.TO
ETC.TO
LBIT.TO vs. ETC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Levered Bitcoin ETF (LBIT.TO) and Evolve Cryptocurrencies ETF (ETC.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 | ETC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.79 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.22 | -0.10 |
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Drawdowns
LBIT.TO vs. ETC.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -62.43%, smaller than the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and ETC.TO.
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Drawdown Indicators
| LBIT.TO | ETC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.43% | -75.66% | +13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -62.43% | -56.51% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.51% | — |
Current DrawdownCurrent decline from peak | -57.92% | -51.88% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -28.36% | -35.83% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.54% | 36.35% | +4.19% |
Volatility
LBIT.TO vs. ETC.TO - Volatility Comparison
Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 13.92% compared to Evolve Cryptocurrencies ETF (ETC.TO) at 11.78%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier than ETC.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 | ETC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.92% | 11.78% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 41.55% | 36.84% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 48.31% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.57% | 54.05% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.57% | 54.05% | -2.48% |
LBIT.TO vs. ETC.TO - Expense Ratio Comparison
Both LBIT.TO and ETC.TO have an expense ratio of 0.75%.
Dividends
LBIT.TO vs. ETC.TO - Dividend Comparison
LBIT.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | 0.80% | 0.58% | 0.05% |
LBIT.TO Evolve Levered Bitcoin ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LBIT.TO and ETC.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO and ETC.TO have the same expense ratio: 0.75% per year.
LBIT.TO is categorized as Leveraged Cryptocurrency, while ETC.TO is Cryptocurrency.
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