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CBCX.TO vs. EHE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CBCX.TO vs. EHE.TO

Last updated Jul 1, 2026
See Documentation

CBCX.TO (CI Galaxy Blockchain Index ETF CAD) and EHE.TO (CI Europe Hedged Equity Index ETF) are both exchange-traded funds - CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD), while EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index. Both are passively managed. Over the past 3 years, CBCX.TO returned 46.73%/yr vs 13.93%/yr for EHE.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

CBCX.TO vs. EHE.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 Europe Hedged Equity Index ETF (EHE.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CBCX.TO achieves a 6.72% return, which is significantly lower than EHE.TO's 7.41% return.

CBCX.TO

1D
0.53%
1M
-8.66%
YTD
6.72%
6M
4.92%
1Y
36.52%
3Y*
46.73%
5Y*
—
10Y*
—

EHE.TO

1D
0.58%
1M
1.53%
YTD
7.41%
6M
7.99%
1Y
17.80%
3Y*
13.93%
5Y*
10.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		6.72%21.63%82.92%108.11%-46.10%
EHE.TO
CI Europe Hedged Equity Index ETF		7.41%22.91%4.19%22.26%2.42%

Correlation

The correlation between CBCX.TO and EHE.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (All Time)
Calculated using the full available price history since May 9, 2022

0.10

Compare stocks, funds, or ETFs

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CI Galaxy Blockchain Index ETF CAD

CI Europe Hedged Equity Index ETF

Often compared with CBCX.TO:
CBCX.TO vs. CCOM.TOCBCX.TO vs. VXM-B.TOCBCX.TO vs. NXF.TOCBCX.TO vs. CGXF.TOCBCX.TO vs. SOLX.TOCBCX.TO vs. CMNY.TOCBCX.TO vs. CEQP.TO
Often compared with EHE.TO:
EHE.TO vs. VXM-B.TOEHE.TO vs. XEH.TOEHE.TO vs. CCOM.TOEHE.TO vs. ZEQ.TOEHE.TO vs. CEQT.TOEHE.TO vs. CGXF.TOEHE.TO vs. CMNY.TO

Return for Risk

CBCX.TO vs. EHE.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: 2020
Overall Rank
CBCX.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
CBCX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CBCX.TO Omega Ratio Rank: 2323
Omega Ratio Rank
CBCX.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
CBCX.TO Martin Ratio Rank: 1515
Martin Ratio Rank
EHE.TO
EHE.TO Risk / Return Rank: 4040
Overall Rank
EHE.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
EHE.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
EHE.TO Omega Ratio Rank: 4040
Omega Ratio Rank
EHE.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
EHE.TO Martin Ratio Rank: 4444
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.

CBCX.TO vs. EHE.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 Europe Hedged Equity Index ETF (EHE.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.

CBCX.TOEHE.TODifference
Sharpe ratioReturn per unit of total volatility
0.60
1.22

-0.62

Sortino ratioReturn per unit of downside risk
1.23
1.82

-0.59

Omega ratioGain probability vs. loss probability

1.15

1.23

-0.09

Calmar ratioReturn relative to maximum drawdown

0.68

1.68

-1.00

Martin ratioReturn relative to average drawdown

1.20

6.34

-5.14

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

The current CBCX.TO Sharpe Ratio is 0.60, which is lower than the EHE.TO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of CBCX.TO and EHE.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.

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Drawdowns

CBCX.TO vs. EHE.TO - Drawdown Comparison

The maximum CBCX.TO drawdown since its inception was -55.21%, which is greater than EHE.TO's maximum drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for CBCX.TO and EHE.TO.

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Drawdown Indicators

CBCX.TOEHE.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.21%

-38.20%

-17.01%

Max Drawdown (1Y)

Largest decline over 1 year

-54.19%

-11.85%

-42.34%

Max Drawdown (3Y)

Largest decline over 3 years

-55.21%

-16.30%

-38.91%

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.91%

—

Current Drawdown

Current decline from peak

-35.09%

-0.97%

-34.12%

Average Drawdown

Average peak-to-trough decline

-23.92%

-5.32%

-18.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

30.48%

3.13%

+27.35%

Volatility

CBCX.TO vs. EHE.TO - Volatility Comparison

CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a higher volatility of 17.68% compared to CI Europe Hedged Equity Index ETF (EHE.TO) at 5.06%. This indicates that CBCX.TO's price experiences larger fluctuations and is considered to be riskier than EHE.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.TOEHE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.68%

5.06%

+12.62%

Volatility (6M)

Calculated over the trailing 6-month period

42.50%

13.37%

+29.13%

Volatility (1Y)

Calculated over the trailing 1-year period

61.19%

16.28%

+44.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

62.66%

18.09%

+44.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

62.66%

17.45%

+45.21%

Dividends

CBCX.TO vs. EHE.TO - Dividend Comparison

CBCX.TO's dividend yield for the trailing twelve months is around 0.03%, less than EHE.TO's 2.16% yield.

PositionTTM2025202420232022202120202019201820172016
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		0.03%0.14%0.13%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EHE.TO
CI Europe Hedged Equity Index ETF		2.16%2.16%4.38%3.30%2.19%1.90%2.55%2.02%2.08%1.37%0.13%

Frequently Asked Questions

CBCX.TO and EHE.TO have a correlation of 0.14, 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 EHE.TO is Europe Equities. CBCX.TO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD), while EHE.TO tracks WisdomTree Europe CAD-Hedged Equity Index.

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