CIAI.TO vs. BTCX-B.TO
CIAI.TO (CI Global Artificial Intelligence ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - CIAI.TO is a Artificial Intelligence fund actively managed by CI, while BTCX-B.TO is a Cryptocurrency fund tracking the No Index (Physical Bitcoin). CIAI.TO is actively managed, while BTCX-B.TO is passively managed. Over the past year, CIAI.TO returned 31.56% vs -44.02% for BTCX-B.TO. Their 0.39 correlation means their historical movements had little consistent relationship. CIAI.TO charges 0.50%/yr vs 0.80%/yr for BTCX-B.TO.
Performance
CIAI.TO vs. BTCX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIAI.TO achieves a 19.72% return, which is significantly higher than BTCX-B.TO's -26.95% return.
CIAI.TO
- 1D
- 2.56%
- 1M
- -4.04%
- 6M
- 17.06%
- YTD
- 19.72%
- 1Y
- 31.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.70%
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$1.13M | CA$1.20M | CA$2.71M |
CIAI.TO vs. BTCX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CIAI.TO CI Global Artificial Intelligence ETF | 19.72% | 18.84% | 29.92% |
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -26.95% | -11.32% | 54.97% |
Correlation
The correlation between CIAI.TO and BTCX-B.TO is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 7, 2024 | 0.39 |
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Return for Risk
CIAI.TO vs. BTCX-B.TO — Risk / Return Rank
CIAI.TO
BTCX-B.TO
CIAI.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Artificial Intelligence ETF (CIAI.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.
| CIAI.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.83 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.87 | +2.32 |
| Martin ratioReturn relative to average drawdown | 3.79 | -1.31 | +5.09 |
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Drawdowns
CIAI.TO vs. BTCX-B.TO - Drawdown Comparison
The maximum CIAI.TO drawdown since its inception was -31.22%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for CIAI.TO and BTCX-B.TO.
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Drawdown Indicators
| CIAI.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.22% | -75.26% | +44.04% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -52.71% | +33.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.26% | — |
Current DrawdownCurrent decline from peak | -9.81% | -49.98% | +40.17% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -33.43% | +26.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 35.25% | -28.05% |
Volatility
CIAI.TO vs. BTCX-B.TO - Volatility Comparison
CI Global Artificial Intelligence ETF (CIAI.TO) has a higher volatility of 10.77% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 8.27%. This indicates that CIAI.TO's price experiences larger fluctuations and is considered to be riskier 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
| CIAI.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 8.27% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 33.34% | -9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 43.84% | -15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.48% | 52.26% | -22.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.48% | 54.52% | -25.04% |
CIAI.TO vs. BTCX-B.TO - Expense Ratio Comparison
CIAI.TO has a 0.50% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.
Dividends
CIAI.TO vs. BTCX-B.TO - Dividend Comparison
Neither CIAI.TO nor BTCX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
CIAI.TO and BTCX-B.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIAI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIAI.TO is cheaper with a 0.50% expense ratio, compared with 0.80% for BTCX-B.TO.
CIAI.TO is categorized as Artificial Intelligence, while BTCX-B.TO is Cryptocurrency. Their fees differ too: 0.50% for CIAI.TO and 0.80% for BTCX-B.TO.
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