XRPP.TO vs. EBIT.TO

Last updated Jun 4, 2026

XRPP.TO (Purpose XRP ETF CAD Currency Hedged Units) and EBIT.TO (Evolve Bitcoin ETF CAD) are both Cryptocurrency funds. XRPP.TO is actively managed, while EBIT.TO is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. XRPP.TO charges 1.00%/yr vs 0.75%/yr for EBIT.TO.

Performance

XRPP.TO vs. EBIT.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 Evolve Bitcoin ETF CAD (EBIT.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 EBIT.TO's -24.84% return.

XRPP.TO

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

EBIT.TO

• 1D: -2.10%
• 1M: -17.64%
• YTD: -24.84%
• 6M: -30.52%
• 1Y: -38.71%
• 3Y*: 33.13%
• 5Y*: 13.09%
• 10Y*: —

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

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

	2026 (YTD)	2025
XRPP.TO Purpose XRP ETF CAD Currency Hedged Units	-34.43%	-15.95%
EBIT.TO Evolve Bitcoin ETF CAD	-24.84%	-16.31%

Correlation

The correlation between XRPP.TO and EBIT.TO is 0.82, 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	0.82

Return for Risk

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

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

EBIT.TO

EBIT.TO Risk / Return Rank: 2
EBIT.TO Sharpe Ratio Rank: 2
EBIT.TO Sortino Ratio Rank: 2
EBIT.TO Omega Ratio Rank: 2
EBIT.TO Calmar Ratio Rank: 2
EBIT.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.

XRPP.TO vs. EBIT.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 Evolve Bitcoin ETF CAD (EBIT.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	EBIT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.91	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.05	-0.68

Drawdowns

XRPP.TO vs. EBIT.TO - Drawdown Comparison

The maximum XRPP.TO drawdown since its inception was -66.98%, smaller than the maximum EBIT.TO drawdown of -75.45%. Use the drawdown chart below to compare losses from any high point for XRPP.TO and EBIT.TO.

Drawdown Indicators

	XRPP.TO	EBIT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-66.98%	-75.45%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.45%	—
Current Drawdown Current decline from peak	-66.67%	-48.66%	-18.01%
Average Drawdown Average peak-to-trough decline	-38.53%	-33.06%	-5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.25%	—

Volatility

Volatility by Period

	XRPP.TO	EBIT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.60%	42.89%	+31.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.60%	53.64%	+20.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.60%	54.80%	+19.80%

XRPP.TO vs. EBIT.TO - Expense Ratio Comparison

XRPP.TO has a 1.00% expense ratio, which is higher than EBIT.TO's 0.75% expense ratio.

Dividends

XRPP.TO vs. EBIT.TO - Dividend Comparison

Neither XRPP.TO nor EBIT.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

XRPP.TO and EBIT.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPP.TO or EBIT.TO?

On fees, EBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPP.TO or EBIT.TO?

EBIT.TO is cheaper with a 0.75% expense ratio, compared with 1.00% for XRPP.TO.

What is the main difference between XRPP.TO and EBIT.TO?

They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 1.00% for XRPP.TO and 0.75% for EBIT.TO.