PSU-U.TO vs. BTCC-U.TO

Last updated Jun 4, 2026

PSU-U.TO (Purpose US Cash Fund) and BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both exchange-traded funds - PSU-U.TO is a Money Market fund actively managed by Purpose Investments, while BTCC-U.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, PSU-U.TO returned 2.66%/yr vs 10.52%/yr for BTCC-U.TO. At a 0.00 correlation, their price movements are largely independent.

Performance

PSU-U.TO vs. BTCC-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Purpose US Cash Fund (PSU-U.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSU-U.TO achieves a 1.05% return, which is significantly higher than BTCC-U.TO's -25.69% return.

PSU-U.TO

• 1D: 0.01%
• 1M: 0.22%
• YTD: 1.05%
• 6M: 1.22%
• 1Y: 2.73%
• 3Y*: 3.37%
• 5Y*: 2.66%
• 10Y*: —

BTCC-U.TO

• 1D: -1.91%
• 1M: -18.38%
• YTD: -25.69%
• 6M: -30.45%
• 1Y: -39.31%
• 3Y*: 32.01%
• 5Y*: 10.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSU-U.TO vs. BTCC-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSU-U.TO Purpose US Cash Fund	1.05%	2.97%	3.67%	3.93%	1.50%	0.28%
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	-25.69%	-7.46%	118.51%	153.14%	-64.85%	-13.80%

Correlation

The correlation between PSU-U.TO and BTCC-U.TO is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021	0.00

Return for Risk

PSU-U.TO vs. BTCC-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

BTCC-U.TO

BTCC-U.TO Risk / Return Rank: 2
BTCC-U.TO Sharpe Ratio Rank: 2
BTCC-U.TO Sortino Ratio Rank: 2
BTCC-U.TO Omega Ratio Rank: 2
BTCC-U.TO Calmar Ratio Rank: 2
BTCC-U.TO Martin Ratio Rank: 2

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.

PSU-U.TO vs. BTCC-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose US Cash Fund (PSU-U.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.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.

	PSU-U.TO	BTCC-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.82	-0.90	+8.72
Sortino ratio: Return per unit of downside risk	10.99	-1.26	+12.24
Omega ratio: Gain probability vs. loss probability	4.08	0.86	+3.22
Calmar ratio: Return relative to maximum drawdown	24.96	-0.80	+25.75
Martin ratio: Return relative to average drawdown	105.69	-1.38	+107.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSU-U.TO vs. BTCC-U.TO - Sharpe Ratio Comparison

The current PSU-U.TO Sharpe Ratio is 7.82, which is higher than the BTCC-U.TO Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of PSU-U.TO and BTCC-U.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.

Sharpe Ratios by Period

	PSU-U.TO	BTCC-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.82	-0.90	+8.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	7.13	0.19	+6.94
Sharpe Ratio (All Time) Calculated using the full available price history	6.13	0.05	+6.09

Drawdowns

PSU-U.TO vs. BTCC-U.TO - Drawdown Comparison

The maximum PSU-U.TO drawdown since its inception was -0.12%, smaller than the maximum BTCC-U.TO drawdown of -76.91%. Use the drawdown chart below to compare losses from any high point for PSU-U.TO and BTCC-U.TO.

Drawdown Indicators

	PSU-U.TO	BTCC-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-76.91%	+76.79%
Max Drawdown (1Y) Largest decline over 1 year	-0.11%	-49.37%	+49.26%
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	-49.37%	+49.25%
Max Drawdown (5Y) Largest decline over 5 years	-0.12%	-76.91%	+76.79%
Current Drawdown Current decline from peak	0.00%	-48.41%	+48.41%
Average Drawdown Average peak-to-trough decline	-0.01%	-33.95%	+33.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	28.58%	-28.55%

Volatility

PSU-U.TO vs. BTCC-U.TO - Volatility Comparison

The current volatility for Purpose US Cash Fund (PSU-U.TO) is 0.10%, while Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) has a volatility of 10.40%. This indicates that PSU-U.TO experiences smaller price fluctuations and is considered to be less risky than BTCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSU-U.TO	BTCC-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	10.40%	-10.30%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	34.77%	-34.54%
Volatility (1Y) Calculated over the trailing 1-year period	0.35%	43.70%	-43.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	55.23%	-54.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.33%	56.33%	-56.00%

Dividends

PSU-U.TO vs. BTCC-U.TO - Dividend Comparison

PSU-U.TO's dividend yield for the trailing twelve months is around 2.70%, while BTCC-U.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%

Frequently Asked Questions

Can I hold both PSU-U.TO and BTCC-U.TO in my portfolio?

PSU-U.TO and BTCC-U.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PSU-U.TO and BTCC-U.TO?

PSU-U.TO is categorized as Money Market, while BTCC-U.TO is Cryptocurrency.