CCCX.TO vs. IBIT

Last updated Apr 1, 2026

Compare and contrast key facts about CI Galaxy Core Multi-Crypto ETF (CCCX.TO) and iShares Bitcoin Trust ETF (IBIT).

CCCX.TO and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCCX.TO is an actively managed fund by CI Global Asset Management. It was launched on Aug 22, 2025. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.

Performance

CCCX.TO vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Core Multi-Crypto ETF (CCCX.TO) and iShares Bitcoin Trust ETF (IBIT). The values are adjusted to include any dividend payments, if applicable.

CCCX.TO vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
CCCX.TO CI Galaxy Core Multi-Crypto ETF	-29.85%	-25.28%
IBIT iShares Bitcoin Trust ETF	-21.57%	-22.07%

Different Trading Currencies

CCCX.TO is traded in CAD, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CCCX.TO achieves a -29.85% return, which is significantly lower than IBIT's -23.01% return.

CCCX.TO

• 1D: 0.79%
• 1M: -1.54%
• YTD: -29.85%
• 6M: -47.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: 0.00%
• 1M: 3.41%
• YTD: -23.01%
• 6M: -42.03%
• 1Y: -22.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCCX.TO vs. IBIT - Expense Ratio Comparison

CCCX.TO has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.

CCCX.TO

CI Galaxy Core Multi-Crypto ETF

IBIT

iShares Bitcoin Trust ETF

Return for Risk

CCCX.TO vs. IBIT — Risk / Return Rank

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

IBIT

IBIT Risk / Return Rank: 6
IBIT Sharpe Ratio Rank: 5
IBIT Sortino Ratio Rank: 6
IBIT Omega Ratio Rank: 7
IBIT Calmar Ratio Rank: 6
IBIT Martin Ratio Rank: 6

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.

CCCX.TO vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Core Multi-Crypto ETF (CCCX.TO) and iShares Bitcoin Trust ETF (IBIT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCCX.TO	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.17	0.38	-1.55

Correlation

The correlation between CCCX.TO and IBIT is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CCCX.TO vs. IBIT - Dividend Comparison

Neither CCCX.TO nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CCCX.TO vs. IBIT - Drawdown Comparison

The maximum CCCX.TO drawdown since its inception was -54.70%, which is greater than IBIT's maximum drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for CCCX.TO and IBIT.

Drawdown Indicators

	CCCX.TO	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-54.70%	-49.36%	-5.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.36%	—
Current Drawdown Current decline from peak	-52.07%	-46.11%	-5.96%
Average Drawdown Average peak-to-trough decline	-28.62%	-14.13%	-14.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.09%	—

Volatility

Volatility by Period

	CCCX.TO	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	57.34%	44.82%	+12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.34%	50.60%	+6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.34%	50.60%	+6.74%