CBCX.TO vs. CGXF.TO

Last updated Jun 4, 2026

CBCX.TO (CI Galaxy Blockchain Index ETF CAD) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both exchange-traded funds - CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD), while CGXF.TO is a Gold fund actively managed by CI. CBCX.TO is passively managed, while CGXF.TO is actively managed. Over the past 3 years, CBCX.TO returned 59.59%/yr vs 30.89%/yr for CGXF.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

CBCX.TO vs. CGXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Blockchain Index ETF CAD (CBCX.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBCX.TO achieves a 18.36% return, which is significantly higher than CGXF.TO's -2.14% return.

CBCX.TO

• 1D: -1.13%
• 1M: 17.07%
• YTD: 18.36%
• 6M: 4.61%
• 1Y: 65.57%
• 3Y*: 59.59%
• 5Y*: —
• 10Y*: —

CGXF.TO

• 1D: -2.68%
• 1M: 1.53%
• YTD: -2.14%
• 6M: 2.55%
• 1Y: 44.73%
• 3Y*: 30.89%
• 5Y*: 17.02%
• 10Y*: 10.53%

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

CBCX.TO vs. CGXF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CBCX.TO CI Galaxy Blockchain Index ETF CAD	18.36%	21.63%	82.92%	108.11%	-46.10%
CGXF.TO CI Gold+ Giants Covered Call ETF Common	-2.14%	114.19%	11.88%	1.43%	-3.54%

Correlation

The correlation between CBCX.TO and CGXF.TO is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.11

Return for Risk

CBCX.TO vs. CGXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBCX.TO

CBCX.TO Risk / Return Rank: 28
CBCX.TO Sharpe Ratio Rank: 31
CBCX.TO Sortino Ratio Rank: 33
CBCX.TO Omega Ratio Rank: 32
CBCX.TO Calmar Ratio Rank: 26
CBCX.TO Martin Ratio Rank: 20

CGXF.TO

CGXF.TO Risk / Return Rank: 31
CGXF.TO Sharpe Ratio Rank: 31
CGXF.TO Sortino Ratio Rank: 29
CGXF.TO Omega Ratio Rank: 33
CGXF.TO Calmar Ratio Rank: 33
CGXF.TO Martin Ratio Rank: 29

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.

CBCX.TO vs. CGXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Blockchain Index ETF CAD (CBCX.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.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.

	CBCX.TO	CGXF.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.13	-0.05
Sortino ratio: Return per unit of downside risk	1.72	1.57	+0.15
Omega ratio: Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	1.22	1.64	-0.42
Martin ratio: Return relative to average drawdown	2.25	4.17	-1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBCX.TO vs. CGXF.TO - Sharpe Ratio Comparison

The current CBCX.TO Sharpe Ratio is 1.08, which is comparable to the CGXF.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of CBCX.TO and CGXF.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

	CBCX.TO	CGXF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.13	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.05	+0.44

Drawdowns

CBCX.TO vs. CGXF.TO - Drawdown Comparison

The maximum CBCX.TO drawdown since its inception was -55.21%, smaller than the maximum CGXF.TO drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for CBCX.TO and CGXF.TO.

Drawdown Indicators

	CBCX.TO	CGXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.21%	-88.66%	+33.45%
Max Drawdown (1Y) Largest decline over 1 year	-54.19%	-27.39%	-26.80%
Max Drawdown (3Y) Largest decline over 3 years	-55.21%	-27.39%	-27.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.68%	—
Current Drawdown Current decline from peak	-28.01%	-24.36%	-3.65%
Average Drawdown Average peak-to-trough decline	-23.79%	-30.71%	+6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.19%	10.76%	+18.43%

Volatility

CBCX.TO vs. CGXF.TO - Volatility Comparison

CI Galaxy Blockchain Index ETF CAD (CBCX.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO) have volatilities of 15.15% and 14.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBCX.TO	CGXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	14.76%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	40.52%	32.10%	+8.42%
Volatility (1Y) Calculated over the trailing 1-year period	61.37%	39.82%	+21.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.67%	30.85%	+31.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.67%	30.30%	+32.37%

Dividends

CBCX.TO vs. CGXF.TO - Dividend Comparison

CBCX.TO's dividend yield for the trailing twelve months is around 0.08%, less than CGXF.TO's 12.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBCX.TO CI Galaxy Blockchain Index ETF CAD	0.08%	0.14%	0.13%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CGXF.TO CI Gold+ Giants Covered Call ETF Common	12.61%	7.43%	8.09%	8.92%	8.54%	8.59%	11.01%	6.69%	7.97%	6.99%	10.68%	11.75%

Frequently Asked Questions

Can I hold both CBCX.TO and CGXF.TO in my portfolio?

CBCX.TO and CGXF.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CBCX.TO and CGXF.TO?

CBCX.TO is categorized as Blockchain, while CGXF.TO is Gold.