BTCC-B.TO vs. ETHX-B.TO
BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, BTCC-B.TO returned 16.12%/yr vs 1.46%/yr for ETHX-B.TO. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
BTCC-B.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC-B.TO achieves a -24.45% return, which is significantly higher than ETHX-B.TO's -33.86% return.
BTCC-B.TO
- 1D
- 0.40%
- 1M
- -2.16%
- 6M
- -33.12%
- YTD
- -24.45%
- 1Y
- -43.66%
- 3Y*
- 30.13%
- 5Y*
- 16.12%
- 10Y*
- —
ETHX-B.TO
- 1D
- 2.24%
- 1M
- 6.10%
- 6M
- -42.59%
- YTD
- -33.86%
- 1Y
- -35.64%
- 3Y*
- 1.47%
- 5Y*
- 1.46%
- 10Y*
- —
BTCC-B.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -24.45% | -11.83% | 136.57% | 148.15% | -62.24% | -18.29% |
ETHX-B.TO CI Galaxy Ethereum ETF | -33.86% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
Correlation
The correlation between BTCC-B.TO and ETHX-B.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.82 |
The correlation between BTCC-B.TO and ETHX-B.TO has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
BTCC-B.TO vs. ETHX-B.TO — Risk / Return Rank
BTCC-B.TO
ETHX-B.TO
BTCC-B.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) 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.
| BTCC-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.53 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.82 | -0.48 |
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Drawdowns
BTCC-B.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum BTCC-B.TO drawdown since its inception was -75.12%, roughly equal to the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for BTCC-B.TO and ETHX-B.TO.
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Drawdown Indicators
| BTCC-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.12% | -78.38% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -52.89% | -67.14% | +14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -52.89% | -67.14% | +14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -75.12% | -78.38% | +3.26% |
Current DrawdownCurrent decline from peak | -48.39% | -59.79% | +11.40% |
Average DrawdownAverage peak-to-trough decline | -33.15% | -43.16% | +10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.70% | 43.59% | -9.89% |
Volatility
BTCC-B.TO vs. ETHX-B.TO - Volatility Comparison
The current volatility for Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) is 9.62%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 13.72%. This indicates that BTCC-B.TO 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
| BTCC-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 13.72% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 45.49% | -12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 66.62% | -23.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.94% | 68.86% | -15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.68% | 71.74% | -17.06% |
Dividends
BTCC-B.TO vs. ETHX-B.TO - Dividend Comparison
Neither BTCC-B.TO nor ETHX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC-B.TO and ETHX-B.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and CI.
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