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BTCX-B.TO vs. XEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BTCX-B.TO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

BTCX-B.TO and XEQT.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. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

BTCX-B.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)20252024202320222021
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units		-21.37%-11.32%139.01%149.40%-62.06%-16.98%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%19.47%24.36%17.25%-11.01%14.14%

Returns By Period

In the year-to-date period, BTCX-B.TO achieves a -21.37% return, which is significantly lower than XEQT.TO's 1.51% return.

BTCX-B.TO

1D
0.29%
1M
-0.07%
YTD
-21.37%
6M
-42.48%
1Y
-22.73%
3Y*
33.89%
5Y*
4.15%
10Y*
—

XEQT.TO

1D
0.85%
1M
-3.50%
YTD
1.51%
6M
2.89%
1Y
21.17%
3Y*
18.44%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CI Galaxy Bitcoin ETF C$ Unhedged Series Units

iShares Core Equity ETF Portfolio

Often compared with BTCX-B.TO:
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Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. XAW.TO

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

BTCX-B.TO has a 0.80% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units
XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

BTCX-B.TO vs. XEQT.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: 44
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
XEQT.TO
XEQT.TO Risk / Return Rank: 7272
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7373
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. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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.TOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

-0.51

1.33

-1.84

Sortino ratio

Return per unit of downside risk

-0.49

1.85

-2.33

Omega ratio

Gain probability vs. loss probability

0.94

1.29

-0.34

Calmar ratio

Return relative to maximum drawdown

-0.41

1.79

-2.20

Martin ratio

Return relative to average drawdown

-0.87

7.98

-8.85

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. XEQT.TO - Sharpe Ratio Comparison

The current BTCX-B.TO Sharpe Ratio is -0.51, which is lower than the XEQT.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BTCX-B.TO and XEQT.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.

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Sharpe Ratios by Period

BTCX-B.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.51

1.33

-1.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.08

0.93

-0.85

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.86

-0.76

Correlation

The correlation between BTCX-B.TO and XEQT.TO is 0.34, 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. XEQT.TO - Dividend Comparison

BTCX-B.TO has not paid dividends to shareholders, while XEQT.TO's dividend yield for the trailing twelve months is around 1.64%.

TTM2025202420232022202120202019
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%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Drawdowns

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

The maximum BTCX-B.TO drawdown since its inception was -75.26%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for BTCX-B.TO and XEQT.TO.

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Drawdown Indicators

BTCX-B.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-75.26%

-29.74%

-45.52%

Max Drawdown (1Y)

Largest decline over 1 year

-50.41%

-11.78%

-38.63%

Max Drawdown (5Y)

Largest decline over 5 years

-75.26%

-19.56%

-55.70%

Current Drawdown

Current decline from peak

-46.16%

-4.27%

-41.89%

Average Drawdown

Average peak-to-trough decline

-32.69%

-4.20%

-28.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

23.80%

2.64%

+21.16%

Volatility

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

CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a higher volatility of 12.91% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 5.77%. This indicates that BTCX-B.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.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.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.91%

5.77%

+7.14%

Volatility (6M)

Calculated over the trailing 6-month period

36.44%

9.49%

+26.95%

Volatility (1Y)

Calculated over the trailing 1-year period

44.76%

15.99%

+28.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

55.65%

13.03%

+42.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.56%

15.63%

+39.93%