BTCX-B.TO vs. LBIT.TO
BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - BTCX-B.TO is a Cryptocurrency fund managed by CI Global Asset Management, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Over the past year, BTCX-B.TO returned -43.57% vs -53.67% for LBIT.TO. Their correlation of 0.88 suggests significant overlap in exposure. BTCX-B.TO charges 0.80%/yr vs 0.75%/yr for LBIT.TO.
Performance
BTCX-B.TO vs. LBIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCX-B.TO achieves a -30.26% return, which is significantly higher than LBIT.TO's -38.18% return.
BTCX-B.TO
- 1D
- -1.21%
- 1M
- -19.90%
- YTD
- -30.26%
- 6M
- -29.74%
- 1Y
- -43.57%
- 3Y*
- 27.40%
- 5Y*
- 15.25%
- 10Y*
- —
LBIT.TO
- 1D
- -1.67%
- 1M
- -26.77%
- YTD
- -38.18%
- 6M
- -38.43%
- 1Y
- -53.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCX-B.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -30.26% | -0.00% |
LBIT.TO Evolve Levered Bitcoin ETF | -38.18% | 8.66% |
Correlation
The correlation between BTCX-B.TO and LBIT.TO is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.88 |
The correlation between BTCX-B.TO and LBIT.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
BTCX-B.TO vs. LBIT.TO — Risk / Return Rank
BTCX-B.TO
LBIT.TO
BTCX-B.TO vs. LBIT.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 Evolve Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.81 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.87 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.41 | +0.03 |
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Drawdowns
BTCX-B.TO vs. LBIT.TO - Drawdown Comparison
The maximum BTCX-B.TO drawdown since its inception was -75.26%, which is greater than LBIT.TO's maximum drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for BTCX-B.TO and LBIT.TO.
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Drawdown Indicators
| BTCX-B.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.26% | -61.98% | -13.28% |
Max Drawdown (1Y)Largest decline over 1 year | -52.24% | -61.98% | +9.74% |
Max Drawdown (3Y)Largest decline over 3 years | -52.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.26% | — | — |
Current DrawdownCurrent decline from peak | -52.24% | -61.98% | +9.74% |
Average DrawdownAverage peak-to-trough decline | -33.13% | -27.03% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.66% | 38.21% | -6.55% |
Volatility
BTCX-B.TO vs. LBIT.TO - Volatility Comparison
The current volatility for CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) is 13.04%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 16.68%. This indicates that BTCX-B.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 16.68% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 33.91% | 41.22% | -7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.49% | 52.41% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.56% | 51.66% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.87% | 51.66% | +3.21% |
BTCX-B.TO vs. LBIT.TO - Expense Ratio Comparison
BTCX-B.TO has a 0.80% expense ratio, which is higher than LBIT.TO's 0.75% expense ratio.
Dividends
BTCX-B.TO vs. LBIT.TO - Dividend Comparison
Neither BTCX-B.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, BTCX-B.TO and LBIT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LBIT.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBIT.TO is cheaper with a 0.75% expense ratio, compared with 0.80% for BTCX-B.TO.
BTCX-B.TO is categorized as Cryptocurrency, while LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: CI Global Asset Management and Evolve. Their fees differ too: 0.80% for BTCX-B.TO and 0.75% for LBIT.TO.
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