CAGS.TO vs. ETHX-B.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both exchange-traded funds - CAGS.TO is a Short-Term Bond fund managed by CI, while ETHX-B.TO is a Cryptocurrency fund actively managed by CI. Over the past 5 years, CAGS.TO returned 2.10%/yr vs 0.46%/yr for ETHX-B.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
CAGS.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CAGS.TO achieves a 1.19% return, which is significantly higher than ETHX-B.TO's -33.45% return.
CAGS.TO
- 1D
- 0.08%
- 1M
- -0.02%
- 6M
- 0.87%
- YTD
- 1.19%
- 1Y
- 3.25%
- 3Y*
- 5.01%
- 5Y*
- 2.10%
- 10Y*
- —
- ALL TIME*
- 2.33%
ETHX-B.TO
- 1D
- 1.69%
- 1M
- 12.63%
- 6M
- -34.71%
- YTD
- -33.45%
- 1Y
- -47.12%
- 3Y*
- 2.13%
- 5Y*
- 0.46%
- 10Y*
- —
- ALL TIME*
- -1.22%
CAGS.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.19% | 3.95% | 6.07% | 5.02% | -4.30% | -0.99% |
ETHX-B.TO CI Galaxy Ethereum ETF | -33.45% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
Correlation
The correlation between CAGS.TO and ETHX-B.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.01 |
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Return for Risk
CAGS.TO vs. ETHX-B.TO — Risk / Return Rank
CAGS.TO
ETHX-B.TO
CAGS.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.
| CAGS.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.90 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | -0.70 | +3.15 |
| Martin ratioReturn relative to average drawdown | 7.38 | -1.07 | +8.45 |
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Drawdowns
CAGS.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, smaller than the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and ETHX-B.TO.
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Drawdown Indicators
| CAGS.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -78.38% | +66.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -67.14% | +65.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -67.14% | +65.81% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | -78.38% | +70.80% |
Current DrawdownCurrent decline from peak | -0.27% | -59.54% | +59.27% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -43.22% | +41.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 44.25% | -43.81% |
Volatility
CAGS.TO vs. ETHX-B.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.68%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 14.03%. This indicates that CAGS.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
| CAGS.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 14.03% | -13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 45.17% | -43.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 65.73% | -63.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 68.78% | -66.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 71.67% | -67.05% |
Dividends
CAGS.TO vs. ETHX-B.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.28%, while ETHX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.28% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAGS.TO and ETHX-B.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAGS.TO is categorized as Short-Term Bond, while ETHX-B.TO is Cryptocurrency.
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