SPOT vs. BTCC.TO
SPOT (Spotify Technology S.A.) is a stock, while BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) is Cryptocurrency fund actively managed by Purpose Investments. Over the past 5 years, SPOT returned 12.34%/yr vs 7.59%/yr for BTCC.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
SPOT vs. BTCC.TO - Performance Comparison
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Different Trading Currencies
SPOT is traded in USD, while BTCC.TO is traded in CAD. To make them comparable, the BTCC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPOT achieves a -20.90% return, which is significantly higher than BTCC.TO's -30.35% return.
SPOT
- 1D
- -1.87%
- 1M
- -11.64%
- YTD
- -20.90%
- 6M
- -20.64%
- 1Y
- -35.07%
- 3Y*
- 42.88%
- 5Y*
- 12.34%
- 10Y*
- —
BTCC.TO
- 1D
- 2.01%
- 1M
- -17.63%
- YTD
- -30.35%
- 6M
- -30.44%
- 1Y
- -42.06%
- 3Y*
- 20.64%
- 5Y*
- 7.59%
- 10Y*
- —
SPOT vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -20.90% | 29.80% | 138.08% | 138.01% | -66.27% | -30.08% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -30.35% | -4.84% | 99.60% | 155.29% | -67.82% | -15.53% |
Correlation
The correlation between SPOT and BTCC.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.25 |
The correlation between SPOT and BTCC.TO shifts across timeframes, from 0.09 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPOT vs. BTCC.TO — Risk / Return Rank
SPOT
BTCC.TO
SPOT vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.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.
| SPOT | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.85 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.80 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.37 | +0.11 |
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Drawdowns
SPOT vs. BTCC.TO - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, roughly equal to the maximum BTCC.TO drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for SPOT and BTCC.TO.
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Drawdown Indicators
| SPOT | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -79.35% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -52.97% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -52.97% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -79.35% | +2.96% |
Current DrawdownCurrent decline from peak | -40.80% | -50.83% | +10.03% |
Average DrawdownAverage peak-to-trough decline | -30.89% | -36.76% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.73% | 30.70% | -2.97% |
Volatility
SPOT vs. BTCC.TO - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.88% compared to Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) at 13.55%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than BTCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 13.55% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 37.35% | 34.55% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.57% | 44.15% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.59% | 55.39% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.34% | 56.67% | -9.33% |
Dividends
SPOT vs. BTCC.TO - Dividend Comparison
Neither SPOT nor BTCC.TO has paid dividends to shareholders.
Frequently Asked Questions
SPOT and BTCC.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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