YPLT.NEO vs. BTCY-B.TO

Last updated Jul 16, 2026

YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and BTCY-B.TO (Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units) are both exchange-traded funds - YPLT.NEO is a Derivative Income fund actively managed by Purpose, while BTCY-B.TO is a Cryptocurrency fund actively managed by Purpose. Both are actively managed. Over the past year, YPLT.NEO returned -2.88% vs -44.74% for BTCY-B.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

YPLT.NEO vs. BTCY-B.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, YPLT.NEO achieves a -18.40% return, which is significantly higher than BTCY-B.TO's -26.88% return.

YPLT.NEO

• 1D: 5.78%
• 1M: -1.82%
• 6M: -18.52%
• YTD: -18.40%
• 1Y: -2.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCY-B.TO

• 1D: 0.56%
• 1M: -2.01%
• 6M: -34.97%
• YTD: -26.88%
• 1Y: -44.74%
• 3Y*: 22.12%
• 5Y*: —
• 10Y*: —

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

YPLT.NEO vs. BTCY-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF	-18.40%	62.74%
BTCY-B.TO Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units	-26.88%	-10.53%

Correlation

The correlation between YPLT.NEO and BTCY-B.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.29

Return for Risk

YPLT.NEO vs. BTCY-B.TO — Risk / Return Rank

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

YPLT.NEO

YPLT.NEO Risk / Return Rank: 10
YPLT.NEO Sharpe Ratio Rank: 9
YPLT.NEO Sortino Ratio Rank: 11
YPLT.NEO Omega Ratio Rank: 12
YPLT.NEO Calmar Ratio Rank: 8
YPLT.NEO Martin Ratio Rank: 8

BTCY-B.TO

BTCY-B.TO Risk / Return Rank: 2
BTCY-B.TO Sharpe Ratio Rank: 2
BTCY-B.TO Sortino Ratio Rank: 3
BTCY-B.TO Omega Ratio Rank: 3
BTCY-B.TO Calmar Ratio Rank: 2
BTCY-B.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.

YPLT.NEO vs. BTCY-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) and Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units (BTCY-B.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.

	YPLT.NEO	BTCY-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	-0.91	+0.86
Sortino ratio: Return per unit of downside risk	0.38	-1.29	+1.68
Omega ratio: Gain probability vs. loss probability	1.05	0.85	+0.20
Calmar ratio: Return relative to maximum drawdown	-0.07	-0.82	+0.75
Martin ratio: Return relative to average drawdown	-0.13	-1.32	+1.19

YPLT.NEO vs. BTCY-B.TO - Sharpe Ratio Comparison

The current YPLT.NEO Sharpe Ratio is -0.05, which is higher than the BTCY-B.TO Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of YPLT.NEO and BTCY-B.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

YPLT.NEO vs. BTCY-B.TO - Drawdown Comparison

The maximum YPLT.NEO drawdown since its inception was -42.43%, smaller than the maximum BTCY-B.TO drawdown of -71.05%. Use the drawdown chart below to compare losses from any high point for YPLT.NEO and BTCY-B.TO.

Drawdown Indicators

	YPLT.NEO	BTCY-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-71.05%	+28.62%
Max Drawdown (1Y) Largest decline over 1 year	-42.43%	-54.74%	+12.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-54.74%	—
Current Drawdown Current decline from peak	-31.13%	-49.29%	+18.16%
Average Drawdown Average peak-to-trough decline	-16.86%	-32.78%	+15.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.94%	33.96%	-12.02%

Volatility

YPLT.NEO vs. BTCY-B.TO - Volatility Comparison

Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 18.75% compared to Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units (BTCY-B.TO) at 12.61%. This indicates that YPLT.NEO's price experiences larger fluctuations and is considered to be riskier than BTCY-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YPLT.NEO	BTCY-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.75%	12.61%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	48.41%	41.57%	+6.84%
Volatility (1Y) Calculated over the trailing 1-year period	61.95%	49.43%	+12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.16%	49.69%	+19.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.16%	49.69%	+19.47%

Dividends

YPLT.NEO vs. BTCY-B.TO - Dividend Comparison

YPLT.NEO's dividend yield for the trailing twelve months is around 55.51%, more than BTCY-B.TO's 21.56% yield.

Position	TTM	2025	2024	2023	2022	2021
BTCY-B.TO Purpose Bitcoin Yield ETF CAD Non-Currency Hedged Units	21.56%	14.33%	7.69%	9.31%	19.45%	1.25%
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF	55.51%	14.71%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YPLT.NEO and BTCY-B.TO in my portfolio?

YPLT.NEO and BTCY-B.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between YPLT.NEO and BTCY-B.TO?

YPLT.NEO is categorized as Derivative Income, while BTCY-B.TO is Cryptocurrency.