BTCX-B.TO vs. ETHX-B.TO
BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. Over the past 5 years, BTCX-B.TO returned 17.06%/yr vs 0.92%/yr for ETHX-B.TO. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
BTCX-B.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCX-B.TO achieves a -24.73% return, which is significantly higher than ETHX-B.TO's -35.31% return.
BTCX-B.TO
- 1D
- 3.04%
- 1M
- 2.01%
- 6M
- -31.09%
- YTD
- -24.73%
- 1Y
- -45.19%
- 3Y*
- 30.68%
- 5Y*
- 17.06%
- 10Y*
- —
ETHX-B.TO
- 1D
- 5.17%
- 1M
- 13.18%
- 6M
- -40.72%
- YTD
- -35.31%
- 1Y
- -36.02%
- 3Y*
- 0.72%
- 5Y*
- 0.92%
- 10Y*
- —
BTCX-B.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -24.73% | -11.32% | 139.01% | 149.40% | -62.06% | -17.92% |
ETHX-B.TO CI Galaxy Ethereum ETF | -35.31% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
Correlation
The correlation between BTCX-B.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 BTCX-B.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
BTCX-B.TO vs. ETHX-B.TO — Risk / Return Rank
BTCX-B.TO
ETHX-B.TO
BTCX-B.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.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.
| BTCX-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.54 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.83 | -0.52 |
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Drawdowns
BTCX-B.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum BTCX-B.TO drawdown since its inception was -75.26%, 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 BTCX-B.TO and ETHX-B.TO.
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Drawdown Indicators
| BTCX-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.26% | -78.38% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -52.71% | -67.14% | +14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -52.71% | -67.14% | +14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -75.26% | -78.38% | +3.12% |
Current DrawdownCurrent decline from peak | -48.46% | -60.67% | +12.21% |
Average DrawdownAverage peak-to-trough decline | -33.28% | -43.15% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.49% | 43.42% | -9.93% |
Volatility
BTCX-B.TO vs. ETHX-B.TO - Volatility Comparison
The current volatility for CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) is 11.42%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 16.01%. This indicates that BTCX-B.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
| BTCX-B.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.42% | 16.01% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 34.13% | 45.79% | -11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.79% | 66.58% | -22.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.37% | 68.86% | -15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.73% | 71.77% | -17.04% |
Dividends
BTCX-B.TO vs. ETHX-B.TO - Dividend Comparison
Neither BTCX-B.TO nor ETHX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
BTCX-B.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: CI Global Asset Management and CI.
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