BCCL.NEO vs. ETHX-B.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. BCCL.NEO is actively managed, while ETHX-B.TO is passively managed. Over the past year, BCCL.NEO returned -45.87% vs -46.23% for ETHX-B.TO. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BCCL.NEO charges 1.78%/yr vs 0.71%/yr for ETHX-B.TO.
Performance
BCCL.NEO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BCCL.NEO achieves a -28.69% return, which is significantly higher than ETHX-B.TO's -35.87% return.
BCCL.NEO
- 1D
- -2.49%
- 1M
- 1.49%
- 6M
- -18.01%
- YTD
- -28.69%
- 1Y
- -45.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.13%
ETHX-B.TO
- 1D
- -2.83%
- 1M
- 5.45%
- 6M
- -17.51%
- YTD
- -35.87%
- 1Y
- -46.23%
- 3Y*
- 1.48%
- 5Y*
- -3.31%
- 10Y*
- —
- ALL TIME*
- -1.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$76.07K | CA$135.25K | CA$227.19K | |
ETHX-B.TO CI Galaxy Ethereum ETF | CA$1.11M | CA$1.46M | CA$1.82M |
BCCL.NEO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
ETHX-B.TO CI Galaxy Ethereum ETF | -35.87% | 59.89% |
Correlation
The correlation between BCCL.NEO and ETHX-B.TO is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.79 |
The correlation between BCCL.NEO and ETHX-B.TO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
BCCL.NEO vs. ETHX-B.TO — Risk / Return Rank
BCCL.NEO
ETHX-B.TO
BCCL.NEO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and CI Galaxy Ethereum ETF (ETHX-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.
| BCCL.NEO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.09 | -0.23 |
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Drawdowns
BCCL.NEO vs. ETHX-B.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -55.27%, smaller than the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and ETHX-B.TO.
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Drawdown Indicators
| BCCL.NEO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.27% | -78.38% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -55.27% | -67.14% | +11.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.38% | — |
Current DrawdownCurrent decline from peak | -51.47% | -61.01% | +9.54% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -43.32% | +17.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 45.52% | -9.17% |
Volatility
BCCL.NEO vs. ETHX-B.TO - Volatility Comparison
The current volatility for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) is 8.77%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 11.47%. This indicates that BCCL.NEO experiences smaller price fluctuations and is considered to be less risky than ETHX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCL.NEO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 11.47% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 44.66% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 65.43% | -18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.50% | 68.31% | -23.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 71.51% | -27.01% |
BCCL.NEO vs. ETHX-B.TO - Expense Ratio Comparison
BCCL.NEO has a 1.78% expense ratio, which is higher than ETHX-B.TO's 0.71% expense ratio.
Dividends
BCCL.NEO vs. ETHX-B.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%, while ETHX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% |
Frequently Asked Questions
BCCL.NEO and ETHX-B.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHX-B.TO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHX-B.TO is cheaper with a 0.71% expense ratio, compared with 1.78% for BCCL.NEO.
They also come from different issuers: Global X and CI. Their fees differ too: 1.78% for BCCL.NEO and 0.71% for ETHX-B.TO.
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