BTCC-B.TO vs. ETHX-U.TO
BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, BTCC-B.TO returned 16.12%/yr vs 1.63%/yr for ETHX-U.TO. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
BTCC-B.TO vs. ETHX-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
BTCC-B.TO is traded in CAD, while ETHX-U.TO is traded in USD. To make them comparable, the ETHX-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTCC-B.TO achieves a -24.45% return, which is significantly higher than ETHX-U.TO's -33.54% 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-U.TO
- 1D
- 1.93%
- 1M
- 6.35%
- 6M
- -42.48%
- YTD
- -33.54%
- 1Y
- -35.40%
- 3Y*
- 1.86%
- 5Y*
- 1.63%
- 10Y*
- —
BTCC-B.TO vs. ETHX-U.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-U.TO CI Galaxy Ethereum ETF (US$ Series) | -33.54% | -15.57% | 55.61% | 88.71% | -65.91% | 66.78% |
Correlation
The correlation between BTCC-B.TO and ETHX-U.TO is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.80 |
The correlation between BTCC-B.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCC-B.TO vs. ETHX-U.TO — Risk / Return Rank
BTCC-B.TO
ETHX-U.TO
BTCC-B.TO vs. ETHX-U.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 (US$ Series) (ETHX-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.
| BTCC-B.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.52 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.81 | -0.49 |
Loading charts...
Drawdowns
BTCC-B.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum BTCC-B.TO drawdown since its inception was -75.12%, roughly equal to the maximum ETHX-U.TO drawdown of -78.30%. Use the drawdown chart below to compare losses from any high point for BTCC-B.TO and ETHX-U.TO.
Loading charts...
Drawdown Indicators
| BTCC-B.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.12% | -78.30% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -52.89% | -67.75% | +14.86% |
Max Drawdown (3Y)Largest decline over 3 years | -52.89% | -67.75% | +14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -75.12% | -78.30% | +3.18% |
Current DrawdownCurrent decline from peak | -48.39% | -60.02% | +11.63% |
Average DrawdownAverage peak-to-trough decline | -33.15% | -43.12% | +9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.70% | 44.00% | -10.30% |
Volatility
BTCC-B.TO vs. ETHX-U.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 (US$ Series) (ETHX-U.TO) has a volatility of 14.91%. This indicates that BTCC-B.TO experiences smaller price fluctuations and is considered to be less risky than ETHX-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCC-B.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 14.91% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 46.53% | -13.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 68.12% | -24.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.94% | 71.15% | -18.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.68% | 74.02% | -19.34% |
Dividends
BTCC-B.TO vs. ETHX-U.TO - Dividend Comparison
Neither BTCC-B.TO nor ETHX-U.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC-B.TO and ETHX-U.TO have a correlation of 0.87, 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.
Find the right allocation for BTCC-B.TO and ETHX-U.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer