XRPP.TO vs. BTCY.TO

Last updated Jun 4, 2026

XRPP.TO (Purpose XRP ETF CAD Currency Hedged Units) and BTCY.TO (Purpose Bitcoin Yield ETF - ETF Units) are both exchange-traded funds - XRPP.TO is a Cryptocurrency fund actively managed by Purpose Investments, while BTCY.TO is a fund fund actively managed by Purpose Investments. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

XRPP.TO vs. BTCY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO) and Purpose Bitcoin Yield ETF - ETF Units (BTCY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPP.TO achieves a -34.43% return, which is significantly lower than BTCY.TO's -28.08% return.

XRPP.TO

• 1D: -0.55%
• 1M: -12.92%
• YTD: -34.43%
• 6M: -45.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCY.TO

• 1D: -3.45%
• 1M: -19.22%
• YTD: -28.08%
• 6M: -32.85%
• 1Y: -41.31%
• 3Y*: 25.28%
• 5Y*: —
• 10Y*: —

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

XRPP.TO vs. BTCY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	-34.43%	-15.95%
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units	-28.08%	-16.31%

Correlation

The correlation between XRPP.TO and BTCY.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 19, 2025	0.81

Return for Risk

XRPP.TO vs. BTCY.TO — Risk / Return Rank

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

BTCY.TO

BTCY.TO Risk / Return Rank: 2
BTCY.TO Sharpe Ratio Rank: 2
BTCY.TO Sortino Ratio Rank: 2
BTCY.TO Omega Ratio Rank: 2
BTCY.TO Calmar Ratio Rank: 2
BTCY.TO Martin Ratio Rank: 1

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.

XRPP.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose XRP ETF CAD Currency Hedged Units (XRPP.TO) and Purpose Bitcoin Yield ETF - ETF Units (BTCY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XRPP.TO	BTCY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.04	-0.58

Drawdowns

XRPP.TO vs. BTCY.TO - Drawdown Comparison

The maximum XRPP.TO drawdown since its inception was -66.98%, roughly equal to the maximum BTCY.TO drawdown of -69.71%. Use the drawdown chart below to compare losses from any high point for XRPP.TO and BTCY.TO.

Drawdown Indicators

	XRPP.TO	BTCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-66.98%	-69.71%	+2.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.51%	—
Current Drawdown Current decline from peak	-66.67%	-49.06%	-17.61%
Average Drawdown Average peak-to-trough decline	-38.53%	-30.79%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.66%	—

Volatility

Volatility by Period

	XRPP.TO	BTCY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.60%	47.14%	+27.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.60%	50.82%	+23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.60%	50.82%	+23.78%

Dividends

XRPP.TO vs. BTCY.TO - Dividend Comparison

XRPP.TO has not paid dividends to shareholders, while BTCY.TO's dividend yield for the trailing twelve months is around 22.77%.

Position	TTM	2025	2024	2023	2022	2021
BTCY.TO Purpose Bitcoin Yield ETF - ETF Units	22.77%	15.11%	16.75%	9.22%	24.25%	1.23%
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPP.TO and BTCY.TO in my portfolio?

XRPP.TO and BTCY.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.