LBIT.TO vs. ETHR.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and ETHR.TO (Evolve Ether ETF CAD Unhedged Units) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while ETHR.TO is a Cryptocurrency fund tracking the CME CF Ether-Dollar Reference Rate. LBIT.TO is actively managed, while ETHR.TO is passively managed. Over the past year, LBIT.TO returned -49.32% vs -32.64% for ETHR.TO. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
LBIT.TO vs. ETHR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LBIT.TO achieves a -33.47% return, which is significantly higher than ETHR.TO's -39.97% return.
LBIT.TO
- 1D
- -4.93%
- 1M
- -24.38%
- YTD
- -33.47%
- 6M
- -38.37%
- 1Y
- -49.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHR.TO
- 1D
- -1.46%
- 1M
- -23.92%
- YTD
- -39.97%
- 6M
- -43.95%
- 1Y
- -32.64%
- 3Y*
- -1.51%
- 5Y*
- -7.26%
- 10Y*
- —
LBIT.TO vs. ETHR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -33.47% | -1.29% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -39.97% | 47.97% |
Correlation
The correlation between LBIT.TO and ETHR.TO is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025 | 0.71 |
The correlation between LBIT.TO and ETHR.TO has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
LBIT.TO vs. ETHR.TO — Risk / Return Rank
LBIT.TO
ETHR.TO
LBIT.TO vs. ETHR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Levered Bitcoin ETF (LBIT.TO) and Evolve Ether ETF CAD Unhedged Units (ETHR.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.
| LBIT.TO | ETHR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.96 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.51 | -0.33 |
| Martin ratioReturn relative to average drawdown | -1.41 | -0.85 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LBIT.TO | ETHR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.49 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | -0.07 | -0.50 |
Drawdowns
LBIT.TO vs. ETHR.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -58.79%, smaller than the maximum ETHR.TO drawdown of -78.36%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and ETHR.TO.
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Drawdown Indicators
| LBIT.TO | ETHR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.79% | -78.36% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -63.63% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.36% | — |
Current DrawdownCurrent decline from peak | -58.79% | -63.63% | +4.84% |
Average DrawdownAverage peak-to-trough decline | -24.37% | -43.49% | +19.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.10% | 38.31% | -3.21% |
Volatility
LBIT.TO vs. ETHR.TO - Volatility Comparison
Evolve Levered Bitcoin ETF (LBIT.TO) has a higher volatility of 11.90% compared to Evolve Ether ETF CAD Unhedged Units (ETHR.TO) at 10.25%. This indicates that LBIT.TO's price experiences larger fluctuations and is considered to be riskier than ETHR.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 | ETHR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.90% | 10.25% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 41.19% | 44.82% | -3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.65% | 66.28% | -13.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.55% | 69.36% | -17.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.55% | 71.74% | -20.19% |
LBIT.TO vs. ETHR.TO - Expense Ratio Comparison
Both LBIT.TO and ETHR.TO have an expense ratio of 0.75%.
Dividends
LBIT.TO vs. ETHR.TO - Dividend Comparison
Neither LBIT.TO nor ETHR.TO has paid dividends to shareholders.
Frequently Asked Questions
LBIT.TO and ETHR.TO have a correlation of 0.72, 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 ETHR.TO have the same expense ratio: 0.75% per year.
LBIT.TO is categorized as Leveraged Cryptocurrency, while ETHR.TO is Cryptocurrency.
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