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CXF.TO vs. CBCX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CXF.TO vs. CBCX.TO

Last updated Jul 1, 2026
See Documentation

CXF.TO (CI Canadian Convertible Bond ETF) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - CXF.TO is a Convertible Bonds fund actively managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). CXF.TO is actively managed, while CBCX.TO is passively managed. Over the past 3 years, CXF.TO returned 8.56%/yr vs 46.73%/yr for CBCX.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

CXF.TO vs. CBCX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Canadian Convertible Bond ETF (CXF.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CXF.TO achieves a 1.52% return, which is significantly lower than CBCX.TO's 6.72% return.

CXF.TO

1D
-0.47%
1M
0.95%
YTD
1.52%
6M
1.43%
1Y
9.48%
3Y*
8.56%
5Y*
5.34%
10Y*
6.01%

CBCX.TO

1D
0.53%
1M
-8.66%
YTD
6.72%
6M
4.92%
1Y
36.52%
3Y*
46.73%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CXF.TO vs. CBCX.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
CXF.TO
CI Canadian Convertible Bond ETF		1.52%9.05%19.64%1.36%-1.43%
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		6.72%21.63%82.92%108.11%-46.10%

Correlation

The correlation between CXF.TO and CBCX.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (All Time)
Calculated using the full available price history since May 9, 2022

0.04

The correlation between CXF.TO and CBCX.TO shifts across timeframes, from 0.04 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Canadian Convertible Bond ETF

CI Galaxy Blockchain Index ETF CAD

Often compared with CBCX.TO:
CBCX.TO vs. CCOM.TOCBCX.TO vs. VXM-B.TOCBCX.TO vs. NXF.TOCBCX.TO vs. CGXF.TOCBCX.TO vs. SOLX.TOCBCX.TO vs. CMNY.TOCBCX.TO vs. CEQP.TO

Return for Risk

CXF.TO vs. CBCX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CXF.TO
CXF.TO Risk / Return Rank: 3636
Overall Rank
CXF.TO Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
CXF.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
CXF.TO Omega Ratio Rank: 2727
Omega Ratio Rank
CXF.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
CXF.TO Martin Ratio Rank: 3838
Martin Ratio Rank
CBCX.TO
CBCX.TO Risk / Return Rank: 2020
Overall Rank
CBCX.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
CBCX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CBCX.TO Omega Ratio Rank: 2323
Omega Ratio Rank
CBCX.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
CBCX.TO Martin Ratio Rank: 1515
Martin Ratio Rank
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.

CXF.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Canadian Convertible Bond ETF (CXF.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.

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.

CXF.TOCBCX.TODifference
Sharpe ratioReturn per unit of total volatility
0.92
0.60

+0.32

Sortino ratioReturn per unit of downside risk
1.40
1.23

+0.17

Omega ratioGain probability vs. loss probability

1.17

1.15

+0.02

Calmar ratioReturn relative to maximum drawdown

2.51

0.68

+1.84

Martin ratioReturn relative to average drawdown

5.22

1.20

+4.01

CXF.TO vs. CBCX.TO - Sharpe Ratio Comparison

The current CXF.TO Sharpe Ratio is 0.92, which is higher than the CBCX.TO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of CXF.TO and CBCX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CXF.TO vs. CBCX.TO - Drawdown Comparison

The maximum CXF.TO drawdown since its inception was -31.03%, smaller than the maximum CBCX.TO drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for CXF.TO and CBCX.TO.

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Drawdown Indicators

CXF.TOCBCX.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.03%

-55.21%

+24.18%

Max Drawdown (1Y)

Largest decline over 1 year

-3.79%

-54.19%

+50.40%

Max Drawdown (3Y)

Largest decline over 3 years

-12.81%

-55.21%

+42.40%

Max Drawdown (5Y)

Largest decline over 5 years

-12.87%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-31.03%

—

—

Current Drawdown

Current decline from peak

-0.56%

-35.09%

+34.53%

Average Drawdown

Average peak-to-trough decline

-2.96%

-23.92%

+20.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

30.48%

-28.66%

Volatility

CXF.TO vs. CBCX.TO - Volatility Comparison

The current volatility for CI Canadian Convertible Bond ETF (CXF.TO) is 3.27%, while CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a volatility of 17.68%. This indicates that CXF.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

CXF.TOCBCX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

17.68%

-14.41%

Volatility (6M)

Calculated over the trailing 6-month period

7.97%

42.50%

-34.53%

Volatility (1Y)

Calculated over the trailing 1-year period

10.35%

61.19%

-50.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.03%

62.66%

-50.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.30%

62.66%

-48.36%

Dividends

CXF.TO vs. CBCX.TO - Dividend Comparison

CXF.TO's dividend yield for the trailing twelve months is around 4.52%, more than CBCX.TO's 0.03% yield.

PositionTTM20252024202320222021202020192018201720162015
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		0.03%0.14%0.13%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CXF.TO
CI Canadian Convertible Bond ETF		4.52%4.48%4.75%5.31%5.11%4.70%4.79%4.86%5.32%4.82%4.79%5.17%

Frequently Asked Questions

CXF.TO and CBCX.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CXF.TO is categorized as Convertible Bonds, while CBCX.TO is Blockchain.

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