SBT.TO vs. BTCC-B.TO
SBT.TO (Purpose Silver Bullion Fund) and BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both exchange-traded funds - SBT.TO is a Silver fund tracking the LBMA Silver Price, while BTCC-B.TO is a Cryptocurrency fund actively managed by Purpose Investments. SBT.TO is passively managed, while BTCC-B.TO is actively managed. Over the past 5 years, SBT.TO returned 18.84%/yr vs 13.72%/yr for BTCC-B.TO. At a 0.10 correlation, their price movements are largely independent. SBT.TO charges 0.36%/yr vs 1.33%/yr for BTCC-B.TO.
Performance
SBT.TO vs. BTCC-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SBT.TO achieves a 2.24% return, which is significantly higher than BTCC-B.TO's -24.57% return.
SBT.TO
- 1D
- -2.53%
- 1M
- 0.38%
- YTD
- 2.24%
- 6M
- 24.07%
- 1Y
- 105.34%
- 3Y*
- 42.09%
- 5Y*
- 18.84%
- 10Y*
- 13.84%
BTCC-B.TO
- 1D
- -2.32%
- 1M
- -16.56%
- YTD
- -24.57%
- 6M
- -30.34%
- 1Y
- -38.41%
- 3Y*
- 33.56%
- 5Y*
- 13.72%
- 10Y*
- —
SBT.TO vs. BTCC-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBT.TO Purpose Silver Bullion Fund | 2.24% | 137.07% | 18.55% | -0.86% | 1.99% | -15.97% |
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -24.57% | -11.83% | 136.57% | 148.15% | -62.24% | -14.97% |
Correlation
The correlation between SBT.TO and BTCC-B.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021 | 0.10 |
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Return for Risk
SBT.TO vs. BTCC-B.TO — Risk / Return Rank
SBT.TO
BTCC-B.TO
SBT.TO vs. BTCC-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Silver Bullion Fund (SBT.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.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.
| SBT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.76 | +3.25 |
| Martin ratioReturn relative to average drawdown | 5.33 | -1.32 | +6.65 |
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
| SBT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | -0.91 | +2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.26 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.08 | +0.13 |
Drawdowns
SBT.TO vs. BTCC-B.TO - Drawdown Comparison
The maximum SBT.TO drawdown since its inception was -47.82%, smaller than the maximum BTCC-B.TO drawdown of -75.12%. Use the drawdown chart below to compare losses from any high point for SBT.TO and BTCC-B.TO.
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Drawdown Indicators
| SBT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -75.12% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -50.47% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -42.69% | -50.47% | +7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -42.69% | -75.12% | +32.43% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | — | — |
Current DrawdownCurrent decline from peak | -37.47% | -48.47% | +11.00% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -32.80% | +15.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.84% | 29.15% | -9.31% |
Volatility
SBT.TO vs. BTCC-B.TO - Volatility Comparison
Purpose Silver Bullion Fund (SBT.TO) has a higher volatility of 17.19% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) at 9.66%. This indicates that SBT.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBT.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.19% | 9.66% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 57.92% | 33.59% | +24.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.01% | 42.49% | +16.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 53.77% | -17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.58% | 54.95% | +11.63% |
SBT.TO vs. BTCC-B.TO - Expense Ratio Comparison
SBT.TO has a 0.36% expense ratio, which is lower than BTCC-B.TO's 1.33% expense ratio.
Dividends
SBT.TO vs. BTCC-B.TO - Dividend Comparison
Neither SBT.TO nor BTCC-B.TO has paid dividends to shareholders.
Frequently Asked Questions
SBT.TO and BTCC-B.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBT.TO is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBT.TO is cheaper with a 0.36% expense ratio, compared with 1.33% for BTCC-B.TO.
SBT.TO is categorized as Silver, while BTCC-B.TO is Cryptocurrency. Their fees differ too: 0.36% for SBT.TO and 1.33% for BTCC-B.TO.
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