CRED.TO vs. ETHX.TO
CRED.TO (CI Alternative Investment Grade Credit Fund) and ETHX.TO (CI Galaxy Ethereum ETF CAD Hedged Series) are both exchange-traded funds - CRED.TO is a Investment Grade Bonds fund actively managed by CI Global Asset Management, while ETHX.TO is a Cryptocurrency fund actively managed by CI Global Asset Management. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. CRED.TO charges 1.94%/yr vs 0.68%/yr for ETHX.TO.
Performance
CRED.TO vs. ETHX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CRED.TO achieves a 1.05% return, which is significantly higher than ETHX.TO's -38.42% return.
CRED.TO
- 1D
- 0.10%
- 1M
- -0.25%
- 6M
- 0.90%
- YTD
- 1.05%
- 1Y
- 3.16%
- 3Y*
- 5.44%
- 5Y*
- 2.92%
- 10Y*
- —
- ALL TIME*
- 3.25%
ETHX.TO
- 1D
- -0.53%
- 1M
- 17.19%
- 6M
- -37.40%
- YTD
- -38.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$47.86K | CA$36.58K | CA$31.94K | |
| CA$27.01K | CA$25.02K | CA$46.62K |
CRED.TO vs. ETHX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRED.TO CI Alternative Investment Grade Credit Fund | 1.05% | 1.29% |
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series | -38.42% | -36.36% |
Correlation
The correlation between CRED.TO and ETHX.TO is -0.00, 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 (All Time) Calculated using the full available price history since Aug 27, 2025 | -0.00 |
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Return for Risk
CRED.TO vs. ETHX.TO — Risk / Return Rank
CRED.TO
ETHX.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CRED.TO vs. ETHX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Alternative Investment Grade Credit Fund (CRED.TO) and CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.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.
| CRED.TO | ETHX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | — | — |
| Martin ratioReturn relative to average drawdown | 7.08 | — | — |
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Drawdowns
CRED.TO vs. ETHX.TO - Drawdown Comparison
The maximum CRED.TO drawdown since its inception was -10.05%, smaller than the maximum ETHX.TO drawdown of -67.53%. Use the drawdown chart below to compare losses from any high point for CRED.TO and ETHX.TO.
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Drawdown Indicators
| CRED.TO | ETHX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.05% | -67.53% | +57.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -61.34% | +61.04% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -41.77% | +40.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | — | — |
Volatility
CRED.TO vs. ETHX.TO - Volatility Comparison
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Volatility by Period
| CRED.TO | ETHX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 68.28% | -66.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 68.28% | -65.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 68.28% | -64.84% |
CRED.TO vs. ETHX.TO - Expense Ratio Comparison
CRED.TO has a 1.94% expense ratio, which is higher than ETHX.TO's 0.68% expense ratio.
Dividends
CRED.TO vs. ETHX.TO - Dividend Comparison
CRED.TO's dividend yield for the trailing twelve months is around 2.97%, while ETHX.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CRED.TO CI Alternative Investment Grade Credit Fund | 2.97% | 2.96% | 2.95% | 3.13% | 3.21% | 3.01% | 2.79% |
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRED.TO and ETHX.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHX.TO is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHX.TO is cheaper with a 0.68% expense ratio, compared with 1.94% for CRED.TO.
CRED.TO is categorized as Investment Grade Bonds, while ETHX.TO is Cryptocurrency. Their fees differ too: 1.94% for CRED.TO and 0.68% for ETHX.TO.
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