EBIT-U.TO vs. ETHX-U.TO

Last updated Jul 16, 2026

EBIT-U.TO (Evolve Bitcoin ETF USD) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, EBIT-U.TO returned 13.31%/yr vs -0.57%/yr for ETHX-U.TO. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

EBIT-U.TO vs. ETHX-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolve Bitcoin ETF USD (EBIT-U.TO) and CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIT-U.TO achieves a -26.81% return, which is significantly higher than ETHX-U.TO's -35.23% return.

EBIT-U.TO

• 1D: 1.65%
• 1M: -2.19%
• 6M: -33.71%
• YTD: -26.81%
• 1Y: -45.49%
• 3Y*: 27.56%
• 5Y*: 13.31%
• 10Y*: —

ETHX-U.TO

• 1D: 2.64%
• 1M: 5.69%
• 6M: -43.15%
• YTD: -35.23%
• 1Y: -36.99%
• 3Y*: -0.46%
• 5Y*: -0.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBIT-U.TO vs. ETHX-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EBIT-U.TO Evolve Bitcoin ETF USD	-26.81%	-6.74%	115.98%	153.86%	-64.96%	-19.24%
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series)	-35.23%	-11.53%	43.46%	93.31%	-67.94%	63.87%

Correlation

The correlation between EBIT-U.TO and ETHX-U.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021	0.77

The correlation between EBIT-U.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

EBIT-U.TO vs. ETHX-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBIT-U.TO

EBIT-U.TO Risk / Return Rank: 2
EBIT-U.TO Sharpe Ratio Rank: 2
EBIT-U.TO Sortino Ratio Rank: 2
EBIT-U.TO Omega Ratio Rank: 2
EBIT-U.TO Calmar Ratio Rank: 2
EBIT-U.TO Martin Ratio Rank: 2

ETHX-U.TO

ETHX-U.TO Risk / Return Rank: 5
ETHX-U.TO Sharpe Ratio Rank: 5
ETHX-U.TO Sortino Ratio Rank: 5
ETHX-U.TO Omega Ratio Rank: 5
ETHX-U.TO Calmar Ratio Rank: 5
ETHX-U.TO Martin Ratio Rank: 5

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.

EBIT-U.TO vs. ETHX-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF USD (EBIT-U.TO) and CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.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.

	EBIT-U.TO	ETHX-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	-0.55	-0.44
Sortino ratio: Return per unit of downside risk	-1.45	-0.49	-0.96
Omega ratio: Gain probability vs. loss probability	0.84	0.95	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.84	-0.55	-0.29
Martin ratio: Return relative to average drawdown	-1.37	-0.85	-0.52

EBIT-U.TO vs. ETHX-U.TO - Sharpe Ratio Comparison

The current EBIT-U.TO Sharpe Ratio is -0.99, which is lower than the ETHX-U.TO Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of EBIT-U.TO and ETHX-U.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.

Drawdowns

EBIT-U.TO vs. ETHX-U.TO - Drawdown Comparison

The maximum EBIT-U.TO drawdown since its inception was -77.55%, roughly equal to the maximum ETHX-U.TO drawdown of -79.05%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and ETHX-U.TO.

Drawdown Indicators

	EBIT-U.TO	ETHX-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.55%	-79.05%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-68.04%	+13.67%
Max Drawdown (3Y) Largest decline over 3 years	-54.37%	-68.04%	+13.67%
Max Drawdown (5Y) Largest decline over 5 years	-77.55%	-79.05%	+1.50%
Current Drawdown Current decline from peak	-48.57%	-61.14%	+12.57%
Average Drawdown Average peak-to-trough decline	-34.50%	-46.37%	+11.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.35%	43.82%	-10.47%

Volatility

EBIT-U.TO vs. ETHX-U.TO - Volatility Comparison

The current volatility for Evolve Bitcoin ETF USD (EBIT-U.TO) is 13.32%, while CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a volatility of 15.24%. This indicates that EBIT-U.TO experiences smaller price fluctuations and is considered to be less risky than ETHX-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT-U.TO	ETHX-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.32%	15.24%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	37.75%	46.76%	-9.01%
Volatility (1Y) Calculated over the trailing 1-year period	46.29%	67.88%	-21.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.49%	70.87%	-16.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	73.76%	-17.75%

Dividends

EBIT-U.TO vs. ETHX-U.TO - Dividend Comparison

Neither EBIT-U.TO nor ETHX-U.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EBIT-U.TO and ETHX-U.TO in my portfolio?

EBIT-U.TO and ETHX-U.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between EBIT-U.TO and ETHX-U.TO?

They also come from different issuers: Evolve and CI.