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EHE.TO vs. ETHX-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EHE.TO vs. ETHX-B.TO

Last updated Jul 18, 2026
Documentation

EHE.TO (CI Europe Hedged Equity Index ETF) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both exchange-traded funds - EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index, while ETHX-B.TO is a Cryptocurrency fund actively managed by CI. EHE.TO is passively managed, while ETHX-B.TO is actively managed. Over the past 5 years, EHE.TO returned 9.69%/yr vs 0.58%/yr for ETHX-B.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

EHE.TO vs. ETHX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Europe Hedged Equity Index ETF (EHE.TO) and CI Galaxy Ethereum ETF (ETHX-B.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, EHE.TO achieves a 7.01% return, which is significantly higher than ETHX-B.TO's -36.70% return.

EHE.TO

1D
0.43%
1M
-0.71%
6M
3.00%
YTD
7.01%
1Y
16.75%
3Y*
12.56%
5Y*
9.69%
10Y*
9.43%

ETHX-B.TO

1D
-1.93%
1M
5.41%
6M
-43.63%
YTD
-36.70%
1Y
-45.22%
3Y*
0.63%
5Y*
0.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EHE.TO vs. ETHX-B.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EHE.TO
CI Europe Hedged Equity Index ETF		7.01%22.91%4.19%22.26%-10.45%11.18%
ETHX-B.TO
CI Galaxy Ethereum ETF		-36.70%-15.87%55.80%90.02%-65.68%64.85%

Correlation

The correlation between EHE.TO and ETHX-B.TO is -0.06, 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

-0.06

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

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Apr 20, 2021

0.01

Compare stocks, funds, or ETFs

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CI Europe Hedged Equity Index ETF

CI Galaxy Ethereum ETF

Often compared with EHE.TO:
EHE.TO vs. CGRA.TOEHE.TO vs. FIG.TOEHE.TO vs. VXM-B.TOEHE.TO vs. SOLX.TOEHE.TO vs. XEH.TOEHE.TO vs. ZEQ.TOEHE.TO vs. CBCX.TO
Often compared with ETHX-B.TO:
ETHX-B.TO vs. ETHX-U.TOETHX-B.TO vs. SOLL.TOETHX-B.TO vs. BTCC.TOETHX-B.TO vs. ETHY.TOETHX-B.TO vs. FBTC.TOETHX-B.TO vs. BTCX-B.TOETHX-B.TO vs. CBCX.TO

Return for Risk

EHE.TO vs. ETHX-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EHE.TO
EHE.TO Risk / Return Rank: 3939
Overall Rank
EHE.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
EHE.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
EHE.TO Omega Ratio Rank: 4040
Omega Ratio Rank
EHE.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
EHE.TO Martin Ratio Rank: 4444
Martin Ratio Rank
ETHX-B.TO
ETHX-B.TO Risk / Return Rank: 44
Overall Rank
ETHX-B.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
ETHX-B.TO Sortino Ratio Rank: 44
Sortino Ratio Rank
ETHX-B.TO Omega Ratio Rank: 44
Omega Ratio Rank
ETHX-B.TO Calmar Ratio Rank: 44
Calmar Ratio Rank
ETHX-B.TO Martin Ratio Rank: 55
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.

EHE.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Europe Hedged Equity Index ETF (EHE.TO) and CI Galaxy Ethereum ETF (ETHX-B.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.

EHE.TOETHX-B.TODifference
Sharpe ratioReturn per unit of total volatility
1.05
-0.69

+1.74

Sortino ratioReturn per unit of downside risk
1.59
-0.82

+2.41

Omega ratioGain probability vs. loss probability

1.20

0.91

+0.30

Calmar ratioReturn relative to maximum drawdown

1.43

-0.68

+2.11

Martin ratioReturn relative to average drawdown

5.41

-1.03

+6.44

EHE.TO vs. ETHX-B.TO - Sharpe Ratio Comparison

The current EHE.TO Sharpe Ratio is 1.05, which is higher than the ETHX-B.TO Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of EHE.TO and ETHX-B.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

EHE.TO vs. ETHX-B.TO - Drawdown Comparison

The maximum EHE.TO drawdown since its inception was -38.20%, smaller than the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for EHE.TO and ETHX-B.TO.

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Drawdown Indicators

EHE.TOETHX-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.20%

-78.38%

+40.18%

Max Drawdown (1Y)

Largest decline over 1 year

-11.85%

-67.14%

+55.29%

Max Drawdown (3Y)

Largest decline over 3 years

-16.30%

-67.14%

+50.84%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-78.38%

+55.47%

Max Drawdown (10Y)

Largest decline over 10 years

-38.20%

—

—

Current Drawdown

Current decline from peak

-2.13%

-61.51%

+59.38%

Average Drawdown

Average peak-to-trough decline

-5.30%

-43.19%

+37.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

43.92%

-40.78%

Volatility

EHE.TO vs. ETHX-B.TO - Volatility Comparison

The current volatility for CI Europe Hedged Equity Index ETF (EHE.TO) is 3.23%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 13.81%. This indicates that EHE.TO experiences smaller price fluctuations and is considered to be less risky than ETHX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EHE.TOETHX-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.23%

13.81%

-10.58%

Volatility (6M)

Calculated over the trailing 6-month period

13.45%

45.49%

-32.04%

Volatility (1Y)

Calculated over the trailing 1-year period

16.11%

65.74%

-49.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.12%

68.84%

-50.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.42%

71.70%

-54.28%

Dividends

EHE.TO vs. ETHX-B.TO - Dividend Comparison

EHE.TO's dividend yield for the trailing twelve months is around 2.17%, while ETHX-B.TO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
EHE.TO
CI Europe Hedged Equity Index ETF		2.17%2.16%4.38%3.30%2.19%1.90%2.55%2.02%2.08%1.37%0.13%
ETHX-B.TO
CI Galaxy Ethereum ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EHE.TO and ETHX-B.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EHE.TO is categorized as Europe Equities, while ETHX-B.TO is Cryptocurrency.

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