CBCX.TO vs. CMNY.TO
CBCX.TO (CI Galaxy Blockchain Index ETF CAD) and CMNY.TO (CI Money Market ETF CAD Series) are both exchange-traded funds - CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD), while CMNY.TO is a Money Market fund actively managed by CI. CBCX.TO is passively managed, while CMNY.TO is actively managed. Over the past year, CBCX.TO returned 65.57% vs 2.51% for CMNY.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
CBCX.TO vs. CMNY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CBCX.TO achieves a 18.36% return, which is significantly higher than CMNY.TO's 0.99% return.
CBCX.TO
- 1D
- -1.13%
- 1M
- 17.07%
- YTD
- 18.36%
- 6M
- 4.61%
- 1Y
- 65.57%
- 3Y*
- 59.59%
- 5Y*
- —
- 10Y*
- —
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 0.99%
- 6M
- 1.19%
- 1Y
- 2.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBCX.TO vs. CMNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 18.36% | 21.63% | 82.92% | 6.73% |
CMNY.TO CI Money Market ETF CAD Series | 0.99% | 2.83% | 4.77% | 2.14% |
Correlation
The correlation between CBCX.TO and CMNY.TO is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023 | 0.03 |
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Return for Risk
CBCX.TO vs. CMNY.TO — Risk / Return Rank
CBCX.TO
CMNY.TO
CBCX.TO vs. CMNY.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 Money Market ETF CAD Series (CMNY.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 | CMNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.47 | ||
| Sortino ratioReturn per unit of downside risk | -15.66 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 3.69 | -2.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 50.46 | -49.25 |
| Martin ratioReturn relative to average drawdown | 2.25 | 202.96 | -200.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBCX.TO | CMNY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 7.55 | -6.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 3.73 | -3.24 |
Drawdowns
CBCX.TO vs. CMNY.TO - Drawdown Comparison
The maximum CBCX.TO drawdown since its inception was -55.21%, which is greater than CMNY.TO's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for CBCX.TO and CMNY.TO.
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Drawdown Indicators
| CBCX.TO | CMNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.21% | -0.83% | -54.38% |
Max Drawdown (1Y)Largest decline over 1 year | -54.19% | -0.05% | -54.14% |
Max Drawdown (3Y)Largest decline over 3 years | -55.21% | — | — |
Current DrawdownCurrent decline from peak | -28.01% | 0.00% | -28.01% |
Average DrawdownAverage peak-to-trough decline | -23.79% | -0.05% | -23.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.19% | 0.01% | +29.18% |
Volatility
CBCX.TO vs. CMNY.TO - Volatility Comparison
CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a higher volatility of 15.15% compared to CI Money Market ETF CAD Series (CMNY.TO) at 0.08%. This indicates that CBCX.TO's price experiences larger fluctuations and is considered to be riskier than CMNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBCX.TO | CMNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 0.08% | +15.07% |
Volatility (6M)Calculated over the trailing 6-month period | 40.52% | 0.26% | +40.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.37% | 0.34% | +61.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.67% | 1.02% | +61.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.67% | 1.02% | +61.65% |
Dividends
CBCX.TO vs. CMNY.TO - Dividend Comparison
CBCX.TO's dividend yield for the trailing twelve months is around 0.08%, less than CMNY.TO's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 0.08% | 0.14% | 0.13% | 0.06% |
CMNY.TO CI Money Market ETF CAD Series | 2.55% | 2.89% | 4.64% | 2.02% |
Frequently Asked Questions
CBCX.TO and CMNY.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBCX.TO is categorized as Blockchain, while CMNY.TO is Money Market.
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