A side-by-side comparison of Purpose Ether ETF - Hedged (ETHH) and iShares Bitcoin Trust (IBIT) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ETHH | IBIT |
|---|---|---|
| YTD Return | -27.76% | +25.72%✓ |
| 1-Day Change | -1.72% | -0.93%✓ |
| 1-Week Change | -2.23% | -0.76%✓ |
| 1-Month Change | -13.80% | -3.44%✓ |
| Current Price | $8.56 | $45.71 |
| AUM | $124M | $65.37B✓ |
| MER (Expense Ratio) | — | 0.11% |
| Dividend Yield | — | — |
| Distribution Frequency | — | — |
| Inception Date | 2021-04-20 | 2024-01-05 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Digital Assets | Digital Assets |
| Beta | 0.00 | 0.00 |
| 52-Week High | $13.43 | $61.39 |
| 52-Week Low | $5.69 | $32.84 |
| 50-Day MA | $9.18 | $45.85 |
| 200-Day MA | $8.22 | $41.54 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ETHH | IBIT |
|---|---|---|
| YTD | -27.76% | +25.72%✓ |
| 1 Year | -44.71% | -30.19%✓ |
| 3 Year | +5.19% | — |
| 5 Year | -15.10% | — |
| 10 Year | +0.00% | — |
| 1Y Volatility | 60.28% | 48.00% |
| Sharpe Ratio (3Y) | 0.47 | 0.00 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | ETHH | IBIT |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ETHH
The Fund has been created to buy and hold substantially all of its assets in long-term holdings of Ether and seeks to provide holders of ETF Units ("Unitholders") with the opportunity for long-term capital appreciation.
About IBIT
The shares are intended to constitute a simple means of making an investment similar to an investment in bitcoin rather than by acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset exchange. The fund is non-diversified.
Which ETF is Right for You?
Both ETHH and IBIT are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, IBIT scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ETHH and IBIT?
ETHH (Purpose Ether ETF - Hedged) and IBIT (iShares Bitcoin Trust) are both Canadian-listed ETFs. Key differences include their AUM ($124M vs $65.37B), dividend yield (N/A vs N/A), and year-to-date performance (-27.76% vs +25.72%).
Is ETHH better than IBIT?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ETHH and IBIT on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ETHH and IBIT should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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