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

CBCX.TO vs. UMI.TO

Last updated Jul 17, 2026
Documentation

CBCX.TO (CI Galaxy Blockchain Index ETF CAD) and UMI.TO (CI U.S. MidCap Dividend 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 UMI.TO is a Mid Cap Value Equities fund managed by CI. Over the past 3 years, CBCX.TO returned 32.64%/yr vs 10.88%/yr for UMI.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

CBCX.TO vs. UMI.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 U.S. MidCap Dividend Index ETF (UMI.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 0.39% return, which is significantly lower than UMI.TO's 10.68% return.

CBCX.TO

1D
0.99%
1M
-13.75%
6M
-14.97%
YTD
0.39%
1Y
11.24%
3Y*
32.64%
5Y*
—
10Y*
—

UMI.TO

1D
1.77%
1M
2.27%
6M
7.31%
YTD
10.68%
1Y
14.58%
3Y*
10.88%
5Y*
7.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		0.39%21.63%82.92%108.11%-46.10%
UMI.TO
CI U.S. MidCap Dividend Index ETF		10.68%2.81%11.84%13.17%-2.34%

Correlation

The correlation between CBCX.TO and UMI.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.20

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

0.21

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

0.16

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Galaxy Blockchain Index ETF CAD

CI U.S. MidCap Dividend Index ETF

Often compared with CBCX.TO:
CBCX.TO vs. CCOM.TOCBCX.TO vs. NXF.TOCBCX.TO vs. SOLX.TOCBCX.TO vs. VXM-B.TOCBCX.TO vs. CGXF.TOCBCX.TO vs. CEQP.TOCBCX.TO vs. CMNY.TO
Often compared with UMI.TO:
UMI.TO vs. EHE.TOUMI.TO vs. CEQT.TOUMI.TO vs. CCOM.TOUMI.TO vs. CEQP.TOUMI.TO vs. NXF.TOUMI.TO vs. CINF.TOUMI.TO vs. VXM-B.TO

Return for Risk

CBCX.TO vs. UMI.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: 1414
Overall Rank
CBCX.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
CBCX.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
CBCX.TO Omega Ratio Rank: 1616
Omega Ratio Rank
CBCX.TO Calmar Ratio Rank: 1212
Calmar Ratio Rank
CBCX.TO Martin Ratio Rank: 1111
Martin Ratio Rank
UMI.TO
UMI.TO Risk / Return Rank: 3636
Overall Rank
UMI.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
UMI.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
UMI.TO Omega Ratio Rank: 3535
Omega Ratio Rank
UMI.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
UMI.TO Martin Ratio Rank: 3838
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. UMI.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 U.S. MidCap Dividend Index ETF (UMI.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.TOUMI.TODifference
Sharpe ratioReturn per unit of total volatility
0.19
1.03

-0.85

Sortino ratioReturn per unit of downside risk
0.71
1.63

-0.92

Omega ratioGain probability vs. loss probability

1.08

1.20

-0.11

Calmar ratioReturn relative to maximum drawdown

0.21

1.56

-1.35

Martin ratioReturn relative to average drawdown

0.36

4.82

-4.46

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

The current CBCX.TO Sharpe Ratio is 0.19, which is lower than the UMI.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CBCX.TO and UMI.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. UMI.TO - Drawdown Comparison

The maximum CBCX.TO drawdown since its inception was -55.21%, which is greater than UMI.TO's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for CBCX.TO and UMI.TO.

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Drawdown Indicators

CBCX.TOUMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.21%

-48.08%

-7.13%

Max Drawdown (1Y)

Largest decline over 1 year

-54.19%

-9.39%

-44.80%

Max Drawdown (3Y)

Largest decline over 3 years

-55.21%

-22.03%

-33.18%

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.03%

—

Current Drawdown

Current decline from peak

-38.94%

0.00%

-38.94%

Average Drawdown

Average peak-to-trough decline

-24.07%

-6.77%

-17.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

31.55%

3.03%

+28.52%

Volatility

CBCX.TO vs. UMI.TO - Volatility Comparison

CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a higher volatility of 12.20% compared to CI U.S. MidCap Dividend Index ETF (UMI.TO) at 3.30%. This indicates that CBCX.TO's price experiences larger fluctuations and is considered to be riskier than UMI.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.TOUMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.20%

3.30%

+8.90%

Volatility (6M)

Calculated over the trailing 6-month period

41.76%

9.31%

+32.45%

Volatility (1Y)

Calculated over the trailing 1-year period

60.49%

14.30%

+46.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

62.45%

17.15%

+45.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

62.45%

20.99%

+41.46%

Dividends

CBCX.TO vs. UMI.TO - Dividend Comparison

CBCX.TO's dividend yield for the trailing twelve months is around 0.03%, less than UMI.TO's 2.32% yield.

PositionTTM20252024202320222021202020192018
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%
UMI.TO
CI U.S. MidCap Dividend Index ETF		2.32%2.60%2.09%2.42%3.01%1.79%2.18%2.47%2.31%

Frequently Asked Questions

CBCX.TO and UMI.TO have a correlation of 0.20, 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 UMI.TO is Mid Cap Value Equities.

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