SBT.TO vs. ETHH.TO
SBT.TO (Purpose Silver Bullion Fund) and ETHH.TO (Purpose Ether ETF) are both exchange-traded funds - SBT.TO is a Silver fund tracking the LBMA Silver Price, while ETHH.TO is a Cryptocurrency fund actively managed by Purpose Investments. SBT.TO is passively managed, while ETHH.TO is actively managed. Over the past 5 years, SBT.TO returned 18.84%/yr vs -11.23%/yr for ETHH.TO. At a 0.12 correlation, their price movements are largely independent. SBT.TO charges 0.36%/yr vs 1.00%/yr for ETHH.TO.
Performance
SBT.TO vs. ETHH.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 ETHH.TO's -40.68% 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%
ETHH.TO
- 1D
- -6.35%
- 1M
- -23.78%
- YTD
- -40.68%
- 6M
- -43.85%
- 1Y
- -34.23%
- 3Y*
- -5.23%
- 5Y*
- -11.23%
- 10Y*
- —
SBT.TO vs. ETHH.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% | -12.09% |
ETHH.TO Purpose Ether ETF | -40.68% | -14.37% | 38.87% | 91.16% | -69.16% | 51.50% |
Correlation
The correlation between SBT.TO and ETHH.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.12 |
The correlation between SBT.TO and ETHH.TO shifts across timeframes, from 0.11 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SBT.TO vs. ETHH.TO — Risk / Return Rank
SBT.TO
ETHH.TO
SBT.TO vs. ETHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Silver Bullion Fund (SBT.TO) and Purpose Ether ETF (ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.54 | +3.02 |
| Martin ratioReturn relative to average drawdown | 5.33 | -0.89 | +6.22 |
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 | ETHH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | -0.51 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.16 | +0.68 |
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 | -0.12 | +0.33 |
Drawdowns
SBT.TO vs. ETHH.TO - Drawdown Comparison
The maximum SBT.TO drawdown since its inception was -47.82%, smaller than the maximum ETHH.TO drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for SBT.TO and ETHH.TO.
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Drawdown Indicators
| SBT.TO | ETHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -79.46% | +31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -63.98% | +21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -42.69% | -65.04% | +22.35% |
Max Drawdown (5Y)Largest decline over 5 years | -42.69% | -79.46% | +36.77% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | — | — |
Current DrawdownCurrent decline from peak | -37.47% | -68.37% | +30.90% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -49.06% | +32.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.84% | 38.46% | -18.62% |
Volatility
SBT.TO vs. ETHH.TO - Volatility Comparison
Purpose Silver Bullion Fund (SBT.TO) has a higher volatility of 17.19% compared to Purpose Ether ETF (ETHH.TO) at 11.33%. This indicates that SBT.TO's price experiences larger fluctuations and is considered to be riskier than ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.19% | 11.33% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 57.92% | 45.72% | +12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.01% | 67.41% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 70.71% | -34.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.58% | 73.03% | -6.45% |
SBT.TO vs. ETHH.TO - Expense Ratio Comparison
SBT.TO has a 0.36% expense ratio, which is lower than ETHH.TO's 1.00% expense ratio.
Dividends
SBT.TO vs. ETHH.TO - Dividend Comparison
Neither SBT.TO nor ETHH.TO has paid dividends to shareholders.
Frequently Asked Questions
SBT.TO and ETHH.TO have a correlation of 0.23, 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 1.00% for ETHH.TO.
SBT.TO is categorized as Silver, while ETHH.TO is Cryptocurrency. Their fees differ too: 0.36% for SBT.TO and 1.00% for ETHH.TO.
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