XETM.TO vs. BTC-USD
XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) is Materials fund tracking the S&P/TSX Energy Transition Materials Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, XETM.TO returned 131.12% vs -37.89% for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
XETM.TO vs. BTC-USD - Performance Comparison
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Different Trading Currencies
XETM.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XETM.TO achieves a 26.70% return, which is significantly higher than BTC-USD's -25.88% return.
XETM.TO
- 1D
- -0.40%
- 1M
- 13.63%
- YTD
- 26.70%
- 6M
- 33.91%
- 1Y
- 131.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.00%
- 1M
- -19.24%
- YTD
- -25.88%
- 6M
- -30.77%
- 1Y
- -37.89%
- 3Y*
- 37.00%
- 5Y*
- 14.88%
- 10Y*
- 61.18%
XETM.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 26.70% | 74.97% | 5.16% | -2.24% |
BTC-USD Bitcoin | -26.61% | -10.57% | 139.80% | 59.87% |
Correlation
The correlation between XETM.TO and BTC-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.07 |
The correlation between XETM.TO and BTC-USD shifts across timeframes, from 0.07 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XETM.TO vs. BTC-USD — Risk / Return Rank
XETM.TO
BTC-USD
XETM.TO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Bitcoin (BTC-USD). 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.
| XETM.TO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.87 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | -0.75 | +6.00 |
| Martin ratioReturn relative to average drawdown | 18.17 | -1.31 | +19.48 |
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
| XETM.TO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | -0.89 | +4.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.19 | -0.18 |
Drawdowns
XETM.TO vs. BTC-USD - Drawdown Comparison
The maximum XETM.TO drawdown since its inception was -33.71%, smaller than the maximum BTC-USD drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for XETM.TO and BTC-USD.
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Drawdown Indicators
| XETM.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -83.55% | +49.84% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -50.49% | +25.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.53% | — |
Current DrawdownCurrent decline from peak | -4.50% | -48.82% | +44.32% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -39.96% | +31.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 34.53% | -27.29% |
Volatility
XETM.TO vs. BTC-USD - Volatility Comparison
iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a higher volatility of 13.93% compared to Bitcoin (BTC-USD) at 10.12%. This indicates that XETM.TO's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XETM.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 10.12% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 31.21% | 34.57% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 35.26% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.21% | 43.64% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 55.23% | -20.02% |
Frequently Asked Questions
XETM.TO and BTC-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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