XEG.TO vs. BTCC.TO

Last updated Jul 25, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments. XEG.TO is passively managed, while BTCC.TO is actively managed. Over the past 5 years, XEG.TO returned 32.16%/yr vs 10.99%/yr for BTCC.TO. At a 0.15 correlation, their price movements are largely independent. XEG.TO charges 0.60%/yr vs 1.00%/yr for BTCC.TO.

Performance

XEG.TO vs. BTCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEG.TO achieves a 44.98% return, which is significantly higher than BTCC.TO's -28.48% return.

XEG.TO

• 1D: -0.83%
• 1M: 14.91%
• 6M: 34.10%
• YTD: 44.98%
• 1Y: 62.68%
• 3Y*: 25.57%
• 5Y*: 32.16%
• 10Y*: 11.93%
• ALL TIME*: 4.59%

BTCC.TO

• 1D: -1.06%
• 1M: 6.74%
• 6M: -29.69%
• YTD: -28.48%
• 1Y: -48.11%
• 3Y*: 26.03%
• 5Y*: 10.99%
• 10Y*: —
• ALL TIME*: 0.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	CA$1.02M	CA$1.47M	CA$2.55M
XEG.TO iShares S&P/TSX Capped Energy Index ETF	CA$55.41M	CA$49.18M	CA$55.92M

XEG.TO vs. BTCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XEG.TO iShares S&P/TSX Capped Energy Index ETF	44.98%	16.72%	14.04%	3.55%	53.25%	44.36%
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-28.48%	-9.18%	116.50%	149.22%	-65.78%	-13.94%

Correlation

The correlation between XEG.TO and BTCC.TO is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.15

Return for Risk

XEG.TO vs. BTCC.TO — Risk / Return Rank

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

XEG.TO

XEG.TO Risk / Return Rank: 90
XEG.TO Sharpe Ratio Rank: 94
XEG.TO Sortino Ratio Rank: 90
XEG.TO Omega Ratio Rank: 90
XEG.TO Calmar Ratio Rank: 89
XEG.TO Martin Ratio Rank: 84

BTCC.TO

BTCC.TO Risk / Return Rank: 1
BTCC.TO Sharpe Ratio Rank: 1
BTCC.TO Sortino Ratio Rank: 1
BTCC.TO Omega Ratio Rank: 1
BTCC.TO Calmar Ratio Rank: 1
BTCC.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.

XEG.TO vs. BTCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) 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.

	XEG.TO	BTCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.61	-1.09	+3.71
Sortino ratio: Return per unit of downside risk	3.13	-1.70	+4.83
Omega ratio: Gain probability vs. loss probability	1.41	0.81	+0.60
Calmar ratio: Return relative to maximum drawdown	3.82	-0.88	+4.71
Martin ratio: Return relative to average drawdown	11.57	-1.38	+12.95

XEG.TO vs. BTCC.TO - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 2.61, which is higher than the BTCC.TO Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of XEG.TO and BTCC.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.

Drawdowns

XEG.TO vs. BTCC.TO - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than BTCC.TO's maximum drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for XEG.TO and BTCC.TO.

Drawdown Indicators

	XEG.TO	BTCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-87.51%	-77.80%	-9.71%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	-54.58%	+38.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.67%	-54.58%	+28.91%
Max Drawdown (5Y) Largest decline over 5 years	-28.42%	-77.80%	+49.38%
Max Drawdown (10Y) Largest decline over 10 years	-79.66%	—	—
Current Drawdown Current decline from peak	-3.58%	-50.48%	+46.90%
Average Drawdown Average peak-to-trough decline	-34.51%	-35.16%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	34.89%	-29.45%

Volatility

XEG.TO vs. BTCC.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) is 6.80%, while Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a volatility of 9.12%. This indicates that XEG.TO experiences smaller price fluctuations and is considered to be less risky than BTCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEG.TO	BTCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	9.12%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	19.71%	34.29%	-14.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.10%	44.19%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	54.60%	-26.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.40%	56.05%	-22.65%

XEG.TO vs. BTCC.TO - Expense Ratio Comparison

XEG.TO has a 0.60% expense ratio, which is lower than BTCC.TO's 1.00% expense ratio.

Dividends

XEG.TO vs. BTCC.TO - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.54%, while BTCC.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	2.54%	3.63%	3.46%	4.26%	3.31%	1.64%	2.96%	2.70%	2.25%	1.41%	1.40%	3.58%

Frequently Asked Questions

Can I hold both XEG.TO and BTCC.TO in my portfolio?

XEG.TO and BTCC.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEG.TO or BTCC.TO?

On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XEG.TO or BTCC.TO?

XEG.TO is cheaper with a 0.60% expense ratio, compared with 1.00% for BTCC.TO.

What is the main difference between XEG.TO and BTCC.TO?

XEG.TO is categorized as Energy Equities, while BTCC.TO is Cryptocurrency. They also come from different issuers: iShares and Purpose Investments. Their fees differ too: 0.60% for XEG.TO and 1.00% for BTCC.TO.