BTCC.TO vs. ETHX-B.TO
BTCC.TO (Purpose Bitcoin CAD ETF 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.TO returned 11.48%/yr vs 1.46%/yr for ETHX-B.TO. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
BTCC.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC.TO achieves a -27.53% return, which is significantly higher than ETHX-B.TO's -33.86% return.
BTCC.TO
- 1D
- 0.62%
- 1M
- -3.39%
- 6M
- -34.93%
- YTD
- -27.53%
- 1Y
- -46.28%
- 3Y*
- 25.12%
- 5Y*
- 11.48%
- 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.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -27.53% | -9.18% | 116.50% | 149.22% | -65.78% | -19.83% |
ETHX-B.TO CI Galaxy Ethereum ETF | -33.86% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
Correlation
The correlation between BTCC.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.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.TO vs. ETHX-B.TO — Risk / Return Rank
BTCC.TO
ETHX-B.TO
BTCC.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.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.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.53 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.82 | -0.55 |
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Drawdowns
BTCC.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, 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.TO and ETHX-B.TO.
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Drawdown Indicators
| BTCC.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -78.38% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -67.14% | +12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -54.58% | -67.14% | +12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -78.38% | +0.58% |
Current DrawdownCurrent decline from peak | -49.82% | -59.79% | +9.97% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -43.16% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.89% | 43.59% | -9.70% |
Volatility
BTCC.TO vs. ETHX-B.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 10.91%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 13.72%. This indicates that BTCC.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.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 13.72% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 34.44% | 45.49% | -11.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 66.62% | -22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.72% | 68.86% | -14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.17% | 71.74% | -15.57% |
Dividends
BTCC.TO vs. ETHX-B.TO - Dividend Comparison
Neither BTCC.TO nor ETHX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.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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