BTCX-B.TO vs. XIU.TO

Last updated Jun 4, 2026

BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - BTCX-B.TO is a Cryptocurrency fund managed by CI Global Asset Management, while XIU.TO is a Large Cap Growth Equities fund tracking the S&P/TSX 60 Index. Over the past 5 years, BTCX-B.TO returned 14.29%/yr vs 14.37%/yr for XIU.TO. At a 0.27 correlation, their price movements are largely independent. BTCX-B.TO charges 0.80%/yr vs 0.18%/yr for XIU.TO.

Performance

BTCX-B.TO vs. XIU.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 S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCX-B.TO achieves a -24.79% return, which is significantly lower than XIU.TO's 10.14% return.

BTCX-B.TO

• 1D: -2.37%
• 1M: -16.88%
• YTD: -24.79%
• 6M: -30.42%
• 1Y: -38.32%
• 3Y*: 34.38%
• 5Y*: 14.29%
• 10Y*: —

XIU.TO

• 1D: -0.87%
• 1M: 3.47%
• YTD: 10.14%
• 6M: 12.10%
• 1Y: 31.65%
• 3Y*: 22.48%
• 5Y*: 14.37%
• 10Y*: 12.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units	-24.79%	-11.32%	139.01%	149.40%	-62.06%	-16.98%
XIU.TO iShares S&P/TSX 60 Index ETF	10.14%	28.89%	20.73%	11.85%	-6.35%	18.82%

Correlation

The correlation between BTCX-B.TO and XIU.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.27

Return for Risk

BTCX-B.TO vs. XIU.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: 2
BTCX-B.TO Sharpe Ratio Rank: 2
BTCX-B.TO Sortino Ratio Rank: 2
BTCX-B.TO Omega Ratio Rank: 2
BTCX-B.TO Calmar Ratio Rank: 2
BTCX-B.TO Martin Ratio Rank: 2

XIU.TO

XIU.TO Risk / Return Rank: 82
XIU.TO Sharpe Ratio Rank: 82
XIU.TO Sortino Ratio Rank: 79
XIU.TO Omega Ratio Rank: 80
XIU.TO Calmar Ratio Rank: 79
XIU.TO Martin Ratio Rank: 87

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. XIU.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 S&P/TSX 60 Index ETF (XIU.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.TO	XIU.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.90	2.71	-3.61
Sortino ratio Return per unit of downside risk	-1.24	3.64	-4.88
Omega ratio Gain probability vs. loss probability	0.86	1.49	-0.63
Calmar ratio Return relative to maximum drawdown	-0.76	4.16	-4.92
Martin ratio Return relative to average drawdown	-1.32	19.30	-20.62
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. XIU.TO - Sharpe Ratio Comparison

The current BTCX-B.TO Sharpe Ratio is -0.90, which is lower than the XIU.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of BTCX-B.TO and XIU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTCX-B.TO	XIU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.90	2.71	-3.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	1.13	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.51	-0.43

Drawdowns

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

The maximum BTCX-B.TO drawdown since its inception was -75.26%, which is greater than XIU.TO's maximum drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for BTCX-B.TO and XIU.TO.

Drawdown Indicators

	BTCX-B.TO	XIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-75.26%	-52.31%	-22.95%
Max Drawdown (1Y) Largest decline over 1 year	-50.41%	-7.65%	-42.76%
Max Drawdown (3Y) Largest decline over 3 years	-50.41%	-12.36%	-38.05%
Max Drawdown (5Y) Largest decline over 5 years	-75.26%	-16.36%	-58.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.46%	—
Current Drawdown Current decline from peak	-48.50%	-0.87%	-47.63%
Average Drawdown Average peak-to-trough decline	-32.95%	-11.63%	-21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.08%	1.64%	+27.44%

Volatility

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

CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a higher volatility of 9.83% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that BTCX-B.TO's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCX-B.TO	XIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	3.28%	+6.55%
Volatility (6M) Calculated over the trailing 6-month period	33.96%	9.32%	+24.64%
Volatility (1Y) Calculated over the trailing 1-year period	42.89%	11.73%	+31.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.13%	12.78%	+41.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.99%	15.01%	+39.98%

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

BTCX-B.TO has a 0.80% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.

Dividends

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

BTCX-B.TO has not paid dividends to shareholders, while XIU.TO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XIU.TO iShares S&P/TSX 60 Index ETF	2.20%	2.39%	2.92%	3.16%	3.02%	2.43%	3.03%	2.87%	3.18%	2.58%	2.65%	3.19%

Frequently Asked Questions

Can I hold both BTCX-B.TO and XIU.TO in my portfolio?

BTCX-B.TO and XIU.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCX-B.TO or XIU.TO?

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCX-B.TO or XIU.TO?

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.80% for BTCX-B.TO.

What is the main difference between BTCX-B.TO and XIU.TO?

BTCX-B.TO is categorized as Cryptocurrency, while XIU.TO is Large Cap Growth Equities. They also come from different issuers: CI Global Asset Management and iShares. Their fees differ too: 0.80% for BTCX-B.TO and 0.18% for XIU.TO.