LBIT.TO vs. ETHY.TO
LBIT.TO (Evolve Levered Bitcoin ETF) and ETHY.TO (Purpose Ether Yield ETF - ETF Units) are both exchange-traded funds - LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve, while ETHY.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past year, LBIT.TO returned -49.32% vs -41.32% for ETHY.TO. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
LBIT.TO vs. ETHY.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 ETHY.TO's -47.61% return.
LBIT.TO
- 1D
- -4.93%
- 1M
- -24.38%
- YTD
- -33.47%
- 6M
- -38.37%
- 1Y
- -49.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY.TO
- 1D
- -3.52%
- 1M
- -30.23%
- YTD
- -47.61%
- 6M
- -50.18%
- 1Y
- -41.32%
- 3Y*
- -8.66%
- 5Y*
- —
- 10Y*
- —
LBIT.TO vs. ETHY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | -33.47% | -1.29% |
ETHY.TO Purpose Ether Yield ETF - ETF Units | -47.61% | 47.65% |
Correlation
The correlation between LBIT.TO and ETHY.TO is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025 | 0.70 |
The correlation between LBIT.TO and ETHY.TO has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
LBIT.TO vs. ETHY.TO — Risk / Return Rank
LBIT.TO
ETHY.TO
LBIT.TO vs. ETHY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Levered Bitcoin ETF (LBIT.TO) and Purpose Ether Yield ETF - ETF Units (ETHY.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 | ETHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.62 | -0.22 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.08 | -0.32 |
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 | ETHY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.60 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | -0.37 | -0.20 |
Drawdowns
LBIT.TO vs. ETHY.TO - Drawdown Comparison
The maximum LBIT.TO drawdown since its inception was -58.79%, smaller than the maximum ETHY.TO drawdown of -76.84%. Use the drawdown chart below to compare losses from any high point for LBIT.TO and ETHY.TO.
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Drawdown Indicators
| LBIT.TO | ETHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.79% | -76.84% | +18.05% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -66.50% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.50% | — |
Current DrawdownCurrent decline from peak | -58.79% | -71.42% | +12.63% |
Average DrawdownAverage peak-to-trough decline | -24.37% | -51.43% | +27.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.10% | 38.23% | -3.13% |
Volatility
LBIT.TO vs. ETHY.TO - Volatility Comparison
The current volatility for Evolve Levered Bitcoin ETF (LBIT.TO) is 11.90%, while Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a volatility of 12.88%. This indicates that LBIT.TO experiences smaller price fluctuations and is considered to be less risky than ETHY.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 | ETHY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.90% | 12.88% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 41.19% | 51.42% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.65% | 69.11% | -16.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.55% | 65.26% | -13.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.55% | 65.26% | -13.71% |
Dividends
LBIT.TO vs. ETHY.TO - Dividend Comparison
LBIT.TO has not paid dividends to shareholders, while ETHY.TO's dividend yield for the trailing twelve months is around 44.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | 44.70% | 19.33% | 21.43% | 10.44% | 26.10% | 2.40% |
LBIT.TO Evolve Levered Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LBIT.TO and ETHY.TO have a correlation of 0.71, 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 ETHY.TO is Cryptocurrency. They also come from different issuers: Evolve and Purpose Investments.
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