PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BTCX-B.TO vs. VFV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BTCX-B.TO vs. VFV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Vanguard S&P 500 Index ETF (VFV.TO).

BTCX-B.TO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCX-B.TO is managed by CI Global Asset Management. It was launched on Mar 5, 2021. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.

Performance

BTCX-B.TO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

BTCX-B.TO vs. VFV.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units		-21.60%-11.32%139.01%149.40%-62.06%-16.98%
VFV.TO
Vanguard S&P 500 Index ETF		-3.12%12.18%35.23%23.23%-12.58%24.05%

Returns By Period

In the year-to-date period, BTCX-B.TO achieves a -21.60% return, which is significantly lower than VFV.TO's -3.12% return.

BTCX-B.TO

1D
2.00%
1M
5.44%
YTD
-21.60%
6M
-41.05%
1Y
-21.01%
3Y*
33.76%
5Y*
4.09%
10Y*
—

VFV.TO

1D
2.76%
1M
-3.12%
YTD
-3.12%
6M
-1.94%
1Y
13.65%
3Y*
19.11%
5Y*
13.78%
10Y*
14.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Galaxy Bitcoin ETF C$ Unhedged Series Units

Vanguard S&P 500 Index ETF

Often compared with BTCX-B.TO:
BTCX-B.TO vs. FBTCBTCX-B.TO vs. BTC-USDBTCX-B.TO vs. IBITBTCX-B.TO vs. GLXY.TOBTCX-B.TO vs. XEQT.TOBTCX-B.TO vs. STRKBTCX-B.TO vs. HXQ.TO
Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. VSP.TOVFV.TO vs. QQC.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

BTCX-B.TO vs. VFV.TO - Expense Ratio Comparison

BTCX-B.TO has a 0.80% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.

BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units
VFV.TO
Vanguard S&P 500 Index ETF

Return for Risk

BTCX-B.TO vs. VFV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTCX-B.TO
BTCX-B.TO Risk / Return Rank: 55
Overall Rank
BTCX-B.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BTCX-B.TO Sortino Ratio Rank: 55
Sortino Ratio Rank
BTCX-B.TO Omega Ratio Rank: 55
Omega Ratio Rank
BTCX-B.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
BTCX-B.TO Martin Ratio Rank: 55
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 4848
Overall Rank
VFV.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 5050
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 5151
Martin Ratio Rank
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.

BTCX-B.TO vs. VFV.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 Vanguard S&P 500 Index ETF (VFV.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.

BTCX-B.TOVFV.TODifference

Sharpe ratio

Return per unit of total volatility

-0.47

0.75

-1.22

Sortino ratio

Return per unit of downside risk

-0.42

1.13

-1.55

Omega ratio

Gain probability vs. loss probability

0.95

1.18

-0.23

Calmar ratio

Return relative to maximum drawdown

-0.44

1.19

-1.62

Martin ratio

Return relative to average drawdown

-0.93

4.51

-5.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCX-B.TO vs. VFV.TO - Sharpe Ratio Comparison

The current BTCX-B.TO Sharpe Ratio is -0.47, which is lower than the VFV.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of BTCX-B.TO and VFV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

BTCX-B.TOVFV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.47

0.75

-1.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.93

-0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

1.07

-0.97

Correlation

The correlation between BTCX-B.TO and VFV.TO is 0.32, 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.

Dividends

BTCX-B.TO vs. VFV.TO - Dividend Comparison

BTCX-B.TO has not paid dividends to shareholders, while VFV.TO's dividend yield for the trailing twelve months is around 0.96%.

TTM20252024202320222021202020192018201720162015
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VFV.TO
Vanguard S&P 500 Index ETF		0.96%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.68%1.50%1.66%1.63%

Drawdowns

BTCX-B.TO vs. VFV.TO - Drawdown Comparison

The maximum BTCX-B.TO drawdown since its inception was -75.26%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for BTCX-B.TO and VFV.TO.

Loading graphics...

Drawdown Indicators

BTCX-B.TOVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-75.26%

-27.43%

-47.83%

Max Drawdown (1Y)

Largest decline over 1 year

-50.41%

-12.52%

-37.89%

Max Drawdown (5Y)

Largest decline over 5 years

-75.26%

-22.19%

-53.07%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.43%

—

Current Drawdown

Current decline from peak

-46.31%

-6.10%

-40.21%

Average Drawdown

Average peak-to-trough decline

-32.68%

-3.39%

-29.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

23.62%

3.29%

+20.33%

Volatility

BTCX-B.TO vs. VFV.TO - Volatility Comparison

CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a higher volatility of 13.00% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 5.12%. This indicates that BTCX-B.TO's price experiences larger fluctuations and is considered to be riskier than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

BTCX-B.TOVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.00%

5.12%

+7.88%

Volatility (6M)

Calculated over the trailing 6-month period

36.43%

9.27%

+27.16%

Volatility (1Y)

Calculated over the trailing 1-year period

44.77%

18.28%

+26.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.65%

14.92%

+40.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.58%

16.57%

+39.01%