AVDV vs. BTCX-B.TO

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while BTCX-B.TO is a Cryptocurrency fund managed by CI Global Asset Management. Over the past 5 years, AVDV returned 13.63%/yr vs 10.26%/yr for BTCX-B.TO. At a 0.26 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.80%/yr for BTCX-B.TO.

Performance

AVDV vs. BTCX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AVDV is traded in USD, while BTCX-B.TO is traded in CAD. To make them comparable, the BTCX-B.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVDV achieves a 14.99% return, which is significantly higher than BTCX-B.TO's -27.75% return.

AVDV

• 1D: 0.89%
• 1M: -1.99%
• YTD: 14.99%
• 6M: 17.18%
• 1Y: 41.91%
• 3Y*: 26.72%
• 5Y*: 13.63%
• 10Y*: —

BTCX-B.TO

• 1D: 0.02%
• 1M: -20.24%
• YTD: -27.75%
• 6M: -29.77%
• 1Y: -40.71%
• 3Y*: 34.10%
• 5Y*: 10.26%
• 10Y*: —

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

AVDV vs. BTCX-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	8.67%	16.85%	-11.47%	8.56%
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units	-27.68%	-7.08%	120.35%	155.48%	-64.32%	-19.16%

Correlation

The correlation between AVDV and BTCX-B.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.26

The correlation between AVDV and BTCX-B.TO shifts across timeframes, from 0.22 (3 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AVDV vs. BTCX-B.TO — Risk / Return Rank

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

AVDV

AVDV Risk / Return Rank: 81
AVDV Sharpe Ratio Rank: 88
AVDV Sortino Ratio Rank: 86
AVDV Omega Ratio Rank: 86
AVDV Calmar Ratio Rank: 71
AVDV Martin Ratio Rank: 76

BTCX-B.TO

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

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.

AVDV vs. BTCX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-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.

	AVDV	BTCX-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	-0.94	+3.48
Sortino ratio: Return per unit of downside risk	3.36	-1.33	+4.69
Omega ratio: Gain probability vs. loss probability	1.46	0.85	+0.61
Calmar ratio: Return relative to maximum drawdown	3.12	-0.79	+3.90
Martin ratio: Return relative to average drawdown	12.44	-1.37	+13.82

AVDV vs. BTCX-B.TO - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is higher than the BTCX-B.TO Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of AVDV and BTCX-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

AVDV vs. BTCX-B.TO - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum BTCX-B.TO drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for AVDV and BTCX-B.TO.

Drawdown Indicators

	AVDV	BTCX-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-76.99%	+33.98%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-52.00%	+38.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-52.00%	+37.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	-76.99%	+48.91%
Current Drawdown Current decline from peak	-2.24%	-49.55%	+47.31%
Average Drawdown Average peak-to-trough decline	-6.76%	-34.21%	+27.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	29.67%	-26.37%

Volatility

AVDV vs. BTCX-B.TO - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a volatility of 12.31%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	BTCX-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	12.31%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	34.02%	-20.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	43.36%	-27.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	54.27%	-36.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	55.26%	-35.49%

AVDV vs. BTCX-B.TO - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.

Dividends

AVDV vs. BTCX-B.TO - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, while BTCX-B.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	4.11%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and BTCX-B.TO in my portfolio?

AVDV and BTCX-B.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVDV or BTCX-B.TO?

On fees, AVDV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVDV or BTCX-B.TO?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.80% for BTCX-B.TO.

What is the main difference between AVDV and BTCX-B.TO?

AVDV is categorized as Foreign Small & Mid Cap Equities, while BTCX-B.TO is Cryptocurrency. They also come from different issuers: Avantis and CI Global Asset Management. Their fees differ too: 0.36% for AVDV and 0.80% for BTCX-B.TO.