EBIT.TO vs. ETHX-U.TO
EBIT.TO (Evolve Bitcoin ETF CAD) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. EBIT.TO is passively managed, while ETHX-U.TO is actively managed. Over the past 5 years, EBIT.TO returned 15.77%/yr vs 1.25%/yr for ETHX-U.TO. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
EBIT.TO vs. ETHX-U.TO - Performance Comparison
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Different Trading Currencies
EBIT.TO is traded in CAD, while ETHX-U.TO is traded in USD. To make them comparable, the ETHX-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EBIT.TO achieves a -25.03% return, which is significantly higher than ETHX-U.TO's -34.80% return.
EBIT.TO
- 1D
- 3.10%
- 1M
- 2.03%
- 6M
- -31.27%
- YTD
- -25.03%
- 1Y
- -45.62%
- 3Y*
- 29.36%
- 5Y*
- 15.77%
- 10Y*
- —
ETHX-U.TO
- 1D
- 5.47%
- 1M
- 14.15%
- 6M
- -40.39%
- YTD
- -34.80%
- 1Y
- -35.48%
- 3Y*
- 1.21%
- 5Y*
- 1.25%
- 10Y*
- —
EBIT.TO vs. ETHX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EBIT.TO Evolve Bitcoin ETF CAD | -25.03% | -11.88% | 134.59% | 146.50% | -62.36% | -18.52% |
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | -34.80% | -15.57% | 55.61% | 88.71% | -65.91% | 66.78% |
Correlation
The correlation between EBIT.TO and ETHX-U.TO is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.80 |
The correlation between EBIT.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
EBIT.TO vs. ETHX-U.TO — Risk / Return Rank
EBIT.TO
ETHX-U.TO
EBIT.TO vs. ETHX-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF CAD (EBIT.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.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.95 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.53 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.81 | -0.55 |
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Drawdowns
EBIT.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum EBIT.TO drawdown since its inception was -75.45%, roughly equal to the maximum ETHX-U.TO drawdown of -78.30%. Use the drawdown chart below to compare losses from any high point for EBIT.TO and ETHX-U.TO.
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Drawdown Indicators
| EBIT.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.45% | -78.30% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -67.75% | +14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -67.75% | +14.67% |
Max Drawdown (5Y)Largest decline over 5 years | -75.45% | -78.30% | +2.85% |
Current DrawdownCurrent decline from peak | -48.79% | -60.78% | +11.99% |
Average DrawdownAverage peak-to-trough decline | -33.39% | -43.10% | +9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.68% | 43.84% | -10.16% |
Volatility
EBIT.TO vs. ETHX-U.TO - Volatility Comparison
The current volatility for Evolve Bitcoin ETF CAD (EBIT.TO) is 11.27%, while CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a volatility of 17.22%. This indicates that EBIT.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.
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Volatility by Period
| EBIT.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.27% | 17.22% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 34.24% | 46.84% | -12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.76% | 68.09% | -24.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.90% | 71.16% | -18.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.56% | 74.04% | -19.48% |
Dividends
EBIT.TO vs. ETHX-U.TO - Dividend Comparison
Neither EBIT.TO nor ETHX-U.TO has paid dividends to shareholders.
Frequently Asked Questions
EBIT.TO and ETHX-U.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Evolve and CI.
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