BTCC.TO vs. ETHX.TO

Last updated Jun 4, 2026

BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) and ETHX.TO (CI Galaxy Ethereum ETF CAD Hedged Series) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. BTCC.TO charges 1.00%/yr vs 0.68%/yr for ETHX.TO.

Performance

BTCC.TO vs. ETHX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) and CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCC.TO achieves a -26.80% return, which is significantly higher than ETHX.TO's -40.07% return.

BTCC.TO

• 1D: -2.83%
• 1M: -18.68%
• YTD: -26.80%
• 6M: -31.17%
• 1Y: -40.83%
• 3Y*: 29.76%
• 5Y*: 8.41%
• 10Y*: —

ETHX.TO

• 1D: -5.19%
• 1M: -23.32%
• YTD: -40.07%
• 6M: -43.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCC.TO vs. ETHX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units	-26.80%	-22.66%
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series	-40.07%	-36.30%

Correlation

The correlation between BTCC.TO and ETHX.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 (All Time) Calculated using the full available price history since Aug 28, 2025	0.88

Return for Risk

BTCC.TO vs. ETHX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCC.TO

BTCC.TO Risk / Return Rank: 2
BTCC.TO Sharpe Ratio Rank: 2
BTCC.TO Sortino Ratio Rank: 2
BTCC.TO Omega Ratio Rank: 2
BTCC.TO Calmar Ratio Rank: 2
BTCC.TO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCC.TO vs. ETHX.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 CAD Hedged Series (ETHX.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.

	BTCC.TO	ETHX.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	—	—
Sortino ratio: Return per unit of downside risk	-1.35	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.82	—	—
Martin ratio: Return relative to average drawdown	-1.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTCC.TO	ETHX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-1.04	+1.08

Drawdowns

BTCC.TO vs. ETHX.TO - Drawdown Comparison

The maximum BTCC.TO drawdown since its inception was -77.80%, which is greater than ETHX.TO's maximum drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for BTCC.TO and ETHX.TO.

Drawdown Indicators

	BTCC.TO	ETHX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.80%	-62.37%	-15.43%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.80%	—	—
Current Drawdown Current decline from peak	-49.32%	-62.37%	+13.05%
Average Drawdown Average peak-to-trough decline	-34.63%	-37.85%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.07%	—	—

Volatility

Volatility by Period

	BTCC.TO	ETHX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.32%	69.29%	-25.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.47%	69.29%	-13.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.81%	69.29%	-12.48%

BTCC.TO vs. ETHX.TO - Expense Ratio Comparison

BTCC.TO has a 1.00% expense ratio, which is higher than ETHX.TO's 0.68% expense ratio.

Dividends

BTCC.TO vs. ETHX.TO - Dividend Comparison

Neither BTCC.TO nor ETHX.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BTCC.TO and ETHX.TO in my portfolio?

BTCC.TO and ETHX.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.

Which ETF is better, BTCC.TO or ETHX.TO?

On fees, ETHX.TO is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCC.TO or ETHX.TO?

ETHX.TO is cheaper with a 0.68% expense ratio, compared with 1.00% for BTCC.TO.

What is the main difference between BTCC.TO and ETHX.TO?

They also come from different issuers: Purpose Investments and CI Global Asset Management. Their fees differ too: 1.00% for BTCC.TO and 0.68% for ETHX.TO.