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BTCX-B.TO vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BTCX-B.TO and BTC-USD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

BTCX-B.TO vs. BTC-USD

Last updated May 30, 2025

Compare and contrast key facts about CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Bitcoin (BTC-USD).

BTCX-B.TO is managed by CI Global Asset Management. It was launched on Mar 5, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCX-B.TO or BTC-USD.

Performance

BTCX-B.TO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BTCX-B.TO:

1.12

BTC-USD:

1.16

Sortino Ratio

BTCX-B.TO:

1.77

BTC-USD:

3.05

Omega Ratio

BTCX-B.TO:

1.20

BTC-USD:

1.32

Calmar Ratio

BTCX-B.TO:

1.94

BTC-USD:

2.34

Martin Ratio

BTCX-B.TO:

4.18

BTC-USD:

11.14

Ulcer Index

BTCX-B.TO:

13.28%

BTC-USD:

11.19%

Daily Std Dev

BTCX-B.TO:

51.34%

BTC-USD:

41.34%

Max Drawdown

BTCX-B.TO:

-75.26%

BTC-USD:

-93.18%

Current Drawdown

BTCX-B.TO:

-5.37%

BTC-USD:

-3.47%

Returns By Period

In the year-to-date period, BTCX-B.TO achieves a 8.26% return, which is significantly lower than BTC-USD's 15.38% return.

BTCX-B.TO

YTD

8.26%

1M

10.50%

6M

9.42%

1Y

57.31%

3Y*

54.41%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

15.38%

1M

14.34%

6M

12.70%

1Y

59.52%

3Y*

54.12%

5Y*

62.76%

10Y*

84.95%

*Annualized

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CI Galaxy Bitcoin ETF C$ Unhedged Series Units

Bitcoin

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BTCX-B.TO vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTCX-B.TO
The Risk-Adjusted Performance Rank of BTCX-B.TO is 8484
Overall Rank
The Sharpe Ratio Rank of BTCX-B.TO is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCX-B.TO is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BTCX-B.TO is 7979
Omega Ratio Rank
The Calmar Ratio Rank of BTCX-B.TO is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BTCX-B.TO is 8080
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9090
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTCX-B.TO vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Bitcoin (BTC-USD). 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.

The current BTCX-B.TO Sharpe Ratio is 1.12, which is comparable to the BTC-USD Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of BTCX-B.TO and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

BTCX-B.TO vs. BTC-USD - Drawdown Comparison

The maximum BTCX-B.TO drawdown since its inception was -75.26%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for BTCX-B.TO and BTC-USD.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BTCX-B.TO vs. BTC-USD - Volatility Comparison

CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Bitcoin (BTC-USD) have volatilities of 10.09% and 9.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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