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PID.TO vs. BTCY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PID.TO vs. BTCY.TO

Last updated Jul 25, 2026
Documentation

PID.TO (Purpose International Dividend Fund) and BTCY.TO (Purpose Bitcoin Yield ETF) are both exchange-traded funds - PID.TO is a Foreign Large Cap Equities fund actively managed by Purpose Investments Inc., while BTCY.TO is a Cryptocurrency fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, PID.TO returned 21.82%/yr vs 21.20%/yr for BTCY.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

PID.TO vs. BTCY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose International Dividend Fund (PID.TO) and Purpose Bitcoin Yield ETF (BTCY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PID.TO achieves a 14.90% return, which is significantly higher than BTCY.TO's -31.07% return.

PID.TO

1D
0.77%
1M
2.96%
6M
12.68%
YTD
14.90%
1Y
28.81%
3Y*
21.82%
5Y*
14.46%
10Y*
10.45%
ALL TIME*
9.12%

BTCY.TO

1D
-1.18%
1M
9.26%
6M
-32.96%
YTD
-31.07%
1Y
-49.71%
3Y*
21.20%
5Y*
—
10Y*
—
ALL TIME*
-4.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BTCY.TO

Purpose Bitcoin Yield ETF
CA$118.91KCA$151.16KCA$233.20K

PID.TO

Purpose International Dividend Fund
CA$137.95KCA$141.14KCA$191.06K

PID.TO vs. BTCY.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PID.TO
Purpose International Dividend Fund		14.90%33.43%13.85%15.75%-2.67%1.69%
BTCY.TO
Purpose Bitcoin Yield ETF		-31.07%-9.07%112.59%111.84%-64.51%-18.42%

Correlation

The correlation between PID.TO and BTCY.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2021

0.25

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose International Dividend Fund

Purpose Bitcoin Yield ETF

Often compared with PID.TO:
PID.TO vs. CPD.TOPID.TO vs. PDF.TOPID.TO vs. VRIF.TOPID.TO vs. XMV.TOPID.TO vs. XIC.TOPID.TO vs. SPYPID.TO vs. VGG.TO
Often compared with BTCY.TO:
BTCY.TO vs. BTCC-U.TOBTCY.TO vs. MSTYBTCY.TO vs. BTCC-B.TOBTCY.TO vs. BTCC.TOBTCY.TO vs. KILO-B.TOBTCY.TO vs. YNVD.NEOBTCY.TO vs. ETHY.TO

Return for Risk

PID.TO vs. BTCY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID.TO
PID.TO Risk / Return Rank: 8181
Overall Rank
PID.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
PID.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
PID.TO Omega Ratio Rank: 8585
Omega Ratio Rank
PID.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
PID.TO Martin Ratio Rank: 7878
Martin Ratio Rank
BTCY.TO
BTCY.TO Risk / Return Rank: 22
Overall Rank
BTCY.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCY.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
BTCY.TO Omega Ratio Rank: 22
Omega Ratio Rank
BTCY.TO Calmar Ratio Rank: 11
Calmar Ratio Rank
BTCY.TO Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PID.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose International Dividend Fund (PID.TO) and Purpose Bitcoin Yield ETF (BTCY.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.

PID.TOBTCY.TODifference
Sharpe ratioReturn per unit of total volatility
2.02
-1.01

+3.03

Sortino ratioReturn per unit of downside risk
2.80
-1.55

+4.35

Omega ratioGain probability vs. loss probability

1.37

0.83

+0.54

Calmar ratioReturn relative to maximum drawdown

2.61

-0.88

+3.49

Martin ratioReturn relative to average drawdown

10.08

-1.43

+11.51

PID.TO vs. BTCY.TO - Sharpe Ratio Comparison

The current PID.TO Sharpe Ratio is 2.02, which is higher than the BTCY.TO Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of PID.TO and BTCY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PID.TO vs. BTCY.TO - Drawdown Comparison

The maximum PID.TO drawdown since its inception was -27.27%, smaller than the maximum BTCY.TO drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for PID.TO and BTCY.TO.

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Drawdown Indicators

PID.TOBTCY.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.27%

-71.53%

+44.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-56.40%

+45.31%

Max Drawdown (3Y)

Largest decline over 3 years

-12.35%

-56.40%

+44.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-27.27%

—

—

Current Drawdown

Current decline from peak

-0.90%

-51.17%

+50.27%

Average Drawdown

Average peak-to-trough decline

-4.12%

-33.65%

+29.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

34.80%

-31.93%

Volatility

PID.TO vs. BTCY.TO - Volatility Comparison

The current volatility for Purpose International Dividend Fund (PID.TO) is 3.82%, while Purpose Bitcoin Yield ETF (BTCY.TO) has a volatility of 11.96%. This indicates that PID.TO experiences smaller price fluctuations and is considered to be less risky than BTCY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PID.TOBTCY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

11.96%

-8.14%

Volatility (6M)

Calculated over the trailing 6-month period

12.12%

41.53%

-29.41%

Volatility (1Y)

Calculated over the trailing 1-year period

14.33%

49.42%

-35.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.46%

50.84%

-38.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.79%

50.84%

-37.05%

Dividends

PID.TO vs. BTCY.TO - Dividend Comparison

PID.TO's dividend yield for the trailing twelve months is around 2.75%, less than BTCY.TO's 24.29% yield.

PositionTTM20252024202320222021202020192018201720162015
BTCY.TO
Purpose Bitcoin Yield ETF		24.29%15.11%16.69%9.20%24.17%1.23%0.00%0.00%0.00%0.00%0.00%0.00%
PID.TO
Purpose International Dividend Fund		2.75%3.12%4.02%4.39%4.86%4.50%4.64%4.28%4.67%3.53%3.49%2.10%

Frequently Asked Questions

PID.TO and BTCY.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PID.TO is categorized as Foreign Large Cap Equities, while BTCY.TO is Cryptocurrency.

Portfolio Optimizer

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