YPLT.NEO vs. ETHY-U.TO
YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and ETHY-U.TO (Purpose Ether Yield ETF USD Non-Currency Hedged Units) are both exchange-traded funds - YPLT.NEO is a Derivative Income fund actively managed by Purpose, while ETHY-U.TO is a Cryptocurrency fund actively managed by Purpose. Both are actively managed. Over the past year, YPLT.NEO returned -2.88% vs -42.01% for ETHY-U.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
YPLT.NEO vs. ETHY-U.TO - Performance Comparison
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Different Trading Currencies
YPLT.NEO is traded in CAD, while ETHY-U.TO is traded in USD. To make them comparable, the ETHY-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, YPLT.NEO achieves a -18.40% return, which is significantly higher than ETHY-U.TO's -39.45% return.
YPLT.NEO
- 1D
- 5.78%
- 1M
- -1.82%
- 6M
- -18.52%
- YTD
- -18.40%
- 1Y
- -2.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY-U.TO
- 1D
- 0.81%
- 1M
- 5.90%
- 6M
- -46.61%
- YTD
- -39.45%
- 1Y
- -42.01%
- 3Y*
- -11.14%
- 5Y*
- —
- 10Y*
- —
YPLT.NEO vs. ETHY-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -18.40% | 62.74% |
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | -39.45% | 1.14% |
Correlation
The correlation between YPLT.NEO and ETHY-U.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.25 |
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Return for Risk
YPLT.NEO vs. ETHY-U.TO — Risk / Return Rank
YPLT.NEO
ETHY-U.TO
YPLT.NEO vs. ETHY-U.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 Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.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 | ETHY-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.95 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.60 | +0.53 |
| Martin ratioReturn relative to average drawdown | -0.13 | -0.95 | +0.82 |
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Drawdowns
YPLT.NEO vs. ETHY-U.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -42.43%, smaller than the maximum ETHY-U.TO drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for YPLT.NEO and ETHY-U.TO.
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Drawdown Indicators
| YPLT.NEO | ETHY-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -81.32% | +38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -70.17% | +27.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -70.17% | — |
Current DrawdownCurrent decline from peak | -31.13% | -76.11% | +44.98% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -60.30% | +43.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.94% | 44.08% | -22.14% |
Volatility
YPLT.NEO vs. ETHY-U.TO - Volatility Comparison
The current volatility for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) is 18.75%, while Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) has a volatility of 31.17%. This indicates that YPLT.NEO experiences smaller price fluctuations and is considered to be less risky than ETHY-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YPLT.NEO | ETHY-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.75% | 31.17% | -12.42% |
Volatility (6M)Calculated over the trailing 6-month period | 48.41% | 62.05% | -13.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.95% | 78.12% | -16.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.16% | 68.77% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.16% | 68.77% | +0.39% |
Dividends
YPLT.NEO vs. ETHY-U.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 55.51%, more than ETHY-U.TO's 40.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | 40.75% | 18.89% | 3.10% |
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 55.51% | 14.71% | 0.00% |
Frequently Asked Questions
YPLT.NEO and ETHY-U.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YPLT.NEO is categorized as Derivative Income, while ETHY-U.TO is Cryptocurrency.
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