BTCC.TO vs. ETHX-U.TO
BTCC.TO (Purpose Bitcoin CAD ETF 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.TO returned 11.48%/yr vs 1.63%/yr for ETHX-U.TO. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
BTCC.TO vs. ETHX-U.TO - Performance Comparison
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Different Trading Currencies
BTCC.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.TO achieves a -27.53% return, which is significantly higher than ETHX-U.TO's -33.54% 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-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.TO vs. ETHX-U.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-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.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 | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.81 |
The correlation between BTCC.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
BTCC.TO vs. ETHX-U.TO — Risk / Return Rank
BTCC.TO
ETHX-U.TO
BTCC.TO vs. ETHX-U.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 (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.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.52 | -0.33 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.81 | -0.56 |
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Drawdowns
BTCC.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum BTCC.TO drawdown since its inception was -77.80%, 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.TO and ETHX-U.TO.
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Drawdown Indicators
| BTCC.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.80% | -78.30% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -67.75% | +13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -54.58% | -67.75% | +13.17% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -78.30% | +0.50% |
Current DrawdownCurrent decline from peak | -49.82% | -60.02% | +10.20% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -43.12% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.89% | 44.00% | -10.11% |
Volatility
BTCC.TO vs. ETHX-U.TO - Volatility Comparison
The current volatility for Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) is 10.91%, while CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a volatility of 14.91%. This indicates that BTCC.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.
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Volatility by Period
| BTCC.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 14.91% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 34.44% | 46.53% | -12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 68.12% | -23.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.72% | 71.15% | -16.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.17% | 74.02% | -17.85% |
Dividends
BTCC.TO vs. ETHX-U.TO - Dividend Comparison
Neither BTCC.TO nor ETHX-U.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCC.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.
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