OILY.TO vs. LBIT.TO
OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. OILY.TO is passively managed, while LBIT.TO is actively managed. Over the past year, OILY.TO returned 50.69% vs -46.69% for LBIT.TO. At a 0.01 correlation, their price movements are largely independent. OILY.TO charges 0.60%/yr vs 0.75%/yr for LBIT.TO.
Performance
OILY.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, OILY.TO achieves a 35.40% return, which is significantly higher than LBIT.TO's -30.02% return.
OILY.TO
- 1D
- 1.11%
- 1M
- 1.56%
- YTD
- 35.40%
- 6M
- 30.26%
- 1Y
- 50.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LBIT.TO
- 1D
- -0.45%
- 1M
- -19.20%
- YTD
- -30.02%
- 6M
- -35.83%
- 1Y
- -46.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILY.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 35.40% | 3.96% |
LBIT.TO Evolve Levered Bitcoin ETF | -30.02% | -4.26% |
Correlation
The correlation between OILY.TO and LBIT.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.01 |
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Return for Risk
OILY.TO vs. LBIT.TO — Risk / Return Rank
OILY.TO
LBIT.TO
OILY.TO vs. LBIT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Evolve Levered Bitcoin ETF (LBIT.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.
| OILY.TO | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.85 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | -0.80 | +5.37 |
| Martin ratioReturn relative to average drawdown | 14.01 | -1.34 | +15.35 |
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
| OILY.TO | LBIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | -0.89 | +3.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | -0.51 | +1.86 |
Drawdowns
OILY.TO vs. LBIT.TO - Drawdown Comparison
The maximum OILY.TO drawdown since its inception was -22.70%, smaller than the maximum LBIT.TO drawdown of -58.70%. Use the drawdown chart below to compare losses from any high point for OILY.TO and LBIT.TO.
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Drawdown Indicators
| OILY.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.70% | -58.70% | +36.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -58.70% | +47.56% |
Current DrawdownCurrent decline from peak | -3.20% | -56.66% | +53.46% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -24.25% | +19.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 34.90% | -31.27% |
Volatility
OILY.TO vs. LBIT.TO - Volatility Comparison
The current volatility for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) is 7.95%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 11.88%. This indicates that OILY.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILY.TO | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 11.88% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 42.12% | -25.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 52.56% | -33.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 51.49% | -26.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 51.49% | -26.48% |
OILY.TO vs. LBIT.TO - Expense Ratio Comparison
OILY.TO has a 0.60% expense ratio, which is lower than LBIT.TO's 0.75% expense ratio.
Dividends
OILY.TO vs. LBIT.TO - Dividend Comparison
OILY.TO's dividend yield for the trailing twelve months is around 12.68%, while LBIT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
LBIT.TO Evolve Levered Bitcoin ETF | 0.00% | 0.00% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 12.68% | 11.50% |
Frequently Asked Questions
OILY.TO and LBIT.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OILY.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OILY.TO is cheaper with a 0.60% expense ratio, compared with 0.75% for LBIT.TO.
OILY.TO is categorized as Energy Equities, while LBIT.TO is Leveraged Cryptocurrency. Their fees differ too: 0.60% for OILY.TO and 0.75% for LBIT.TO.
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