CEQT.TO vs. BTCX-B.TO
CEQT.TO (CI Equity Asset Allocation ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - CEQT.TO is a Diversified Portfolio fund actively managed by CI, while BTCX-B.TO is a Cryptocurrency fund tracking the No Index (Physical Bitcoin). CEQT.TO is actively managed, while BTCX-B.TO is passively managed. Over the past 3 years, CEQT.TO returned 21.50%/yr vs 30.49%/yr for BTCX-B.TO. Their 0.13 correlation means their historical movements had little consistent relationship. CEQT.TO charges 0.30%/yr vs 0.80%/yr for BTCX-B.TO.
Performance
CEQT.TO vs. BTCX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CEQT.TO achieves a 13.51% return, which is significantly higher than BTCX-B.TO's -26.95% return.
CEQT.TO
- 1D
- -0.37%
- 1M
- -1.17%
- 6M
- 11.24%
- YTD
- 13.51%
- 1Y
- 26.14%
- 3Y*
- 21.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.74%
BTCX-B.TO
- 1D
- -2.81%
- 1M
- -0.23%
- 6M
- -17.61%
- YTD
- -26.95%
- 1Y
- -44.02%
- 3Y*
- 30.49%
- 5Y*
- 11.20%
- 10Y*
- —
- ALL TIME*
- 3.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$935.28K | CA$1.05M | CA$1.72M | |
| CA$4.87K | CA$10.66K | CA$16.79K |
CEQT.TO vs. BTCX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CEQT.TO CI Equity Asset Allocation ETF | 13.51% | 18.84% | 27.38% | 6.47% |
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -26.95% | -11.32% | 139.01% | 53.33% |
Correlation
The correlation between CEQT.TO and BTCX-B.TO is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 17, 2023 | 0.13 |
The correlation between CEQT.TO and BTCX-B.TO shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEQT.TO vs. BTCX-B.TO — Risk / Return Rank
CEQT.TO
BTCX-B.TO
CEQT.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Equity Asset Allocation ETF (CEQT.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.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.
| CEQT.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +5.39 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 0.83 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | -0.87 | +4.51 |
| Martin ratioReturn relative to average drawdown | 14.11 | -1.31 | +15.42 |
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Drawdowns
CEQT.TO vs. BTCX-B.TO - Drawdown Comparison
The maximum CEQT.TO drawdown since its inception was -14.02%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for CEQT.TO and BTCX-B.TO.
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Drawdown Indicators
| CEQT.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.02% | -75.26% | +61.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -52.71% | +45.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -52.71% | +38.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.26% | — |
Current DrawdownCurrent decline from peak | -1.64% | -49.98% | +48.34% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -33.43% | +32.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 35.25% | -33.39% |
Volatility
CEQT.TO vs. BTCX-B.TO - Volatility Comparison
The current volatility for CI Equity Asset Allocation ETF (CEQT.TO) is 1.60%, while CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a volatility of 8.27%. This indicates that CEQT.TO experiences smaller price fluctuations and is considered to be less risky than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEQT.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 8.27% | -6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 33.34% | -24.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.07% | 43.84% | -32.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 52.26% | -39.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 54.52% | -41.59% |
CEQT.TO vs. BTCX-B.TO - Expense Ratio Comparison
CEQT.TO has a 0.30% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.
Dividends
CEQT.TO vs. BTCX-B.TO - Dividend Comparison
CEQT.TO's dividend yield for the trailing twelve months is around 1.09%, while BTCX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | 0.00% | 0.00% | 0.00% | 0.00% |
CEQT.TO CI Equity Asset Allocation ETF | 1.09% | 1.25% | 1.82% | 1.06% |
Frequently Asked Questions
CEQT.TO and BTCX-B.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEQT.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEQT.TO is cheaper with a 0.30% expense ratio, compared with 0.80% for BTCX-B.TO.
CEQT.TO is categorized as Diversified Portfolio, while BTCX-B.TO is Cryptocurrency. Their fees differ too: 0.30% for CEQT.TO and 0.80% for BTCX-B.TO.
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