CMNY.TO vs. CBCX.TO
CMNY.TO (CI Money Market ETF CAD Series) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - CMNY.TO is a Money Market fund actively managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). CMNY.TO is actively managed, while CBCX.TO is passively managed. Over the past year, CMNY.TO returned 2.48% vs 58.88% for CBCX.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
CMNY.TO vs. CBCX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMNY.TO achieves a 0.99% return, which is significantly lower than CBCX.TO's 18.36% return.
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBCX.TO
- 1D
- -1.13%
- 1M
- 13.36%
- YTD
- 18.36%
- 6M
- 0.88%
- 1Y
- 58.88%
- 3Y*
- 59.59%
- 5Y*
- —
- 10Y*
- —
CMNY.TO vs. CBCX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMNY.TO CI Money Market ETF CAD Series | 0.99% | 2.83% | 4.77% | 2.14% |
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 18.36% | 21.63% | 82.92% | 6.73% |
Correlation
The correlation between CMNY.TO and CBCX.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023 | 0.03 |
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Return for Risk
CMNY.TO vs. CBCX.TO — Risk / Return Rank
CMNY.TO
CBCX.TO
CMNY.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Money Market ETF CAD Series (CMNY.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.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.
| CMNY.TO | CBCX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.39 | ||
| Sortino ratioReturn per unit of downside risk | +15.45 | ||
| Omega ratioGain probability vs. loss probability | 3.66 | 1.21 | +2.45 |
| Calmar ratioReturn relative to maximum drawdown | 49.85 | 1.22 | +48.63 |
| Martin ratioReturn relative to average drawdown | 200.48 | 2.25 | +198.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMNY.TO | CBCX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.47 | 1.08 | +6.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.73 | 0.49 | +3.24 |
Drawdowns
CMNY.TO vs. CBCX.TO - Drawdown Comparison
The maximum CMNY.TO drawdown since its inception was -0.83%, smaller than the maximum CBCX.TO drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for CMNY.TO and CBCX.TO.
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Drawdown Indicators
| CMNY.TO | CBCX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -55.21% | +54.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -54.19% | +54.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.21% | — |
Current DrawdownCurrent decline from peak | 0.00% | -28.01% | +28.01% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -23.79% | +23.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 29.19% | -29.18% |
Volatility
CMNY.TO vs. CBCX.TO - Volatility Comparison
The current volatility for CI Money Market ETF CAD Series (CMNY.TO) is 0.07%, while CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a volatility of 15.15%. This indicates that CMNY.TO experiences smaller price fluctuations and is considered to be less risky than CBCX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMNY.TO | CBCX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 15.15% | -15.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.26% | 40.52% | -40.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 61.37% | -61.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.02% | 62.67% | -61.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.02% | 62.67% | -61.65% |
Dividends
CMNY.TO vs. CBCX.TO - Dividend Comparison
CMNY.TO's dividend yield for the trailing twelve months is around 2.55%, more than CBCX.TO's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 0.08% | 0.14% | 0.13% | 0.06% |
CMNY.TO CI Money Market ETF CAD Series | 2.55% | 2.89% | 4.64% | 2.02% |
Frequently Asked Questions
CMNY.TO and CBCX.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMNY.TO is categorized as Money Market, while CBCX.TO is Blockchain.
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