ETC.TO vs. ETHX-B.TO
ETC.TO (Evolve Cryptocurrencies ETF) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETC.TO returned 21.89%/yr vs 0.72%/yr for ETHX-B.TO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
ETC.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETC.TO achieves a -27.60% return, which is significantly higher than ETHX-B.TO's -35.31% return.
ETC.TO
- 1D
- 3.43%
- 1M
- 2.82%
- 6M
- -34.29%
- YTD
- -27.60%
- 1Y
- -45.79%
- 3Y*
- 21.89%
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO
- 1D
- 5.17%
- 1M
- 13.18%
- 6M
- -40.72%
- YTD
- -35.31%
- 1Y
- -36.02%
- 3Y*
- 0.72%
- 5Y*
- 0.92%
- 10Y*
- —
ETC.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | -27.60% | -13.66% | 117.58% | 126.17% | -63.55% | 10.00% |
ETHX-B.TO CI Galaxy Ethereum ETF | -35.31% | -15.87% | 55.80% | 90.02% | -65.68% | 27.97% |
Correlation
The correlation between ETC.TO and ETHX-B.TO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.88 |
The correlation between ETC.TO and ETHX-B.TO has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
ETC.TO vs. ETHX-B.TO — Risk / Return Rank
ETC.TO
ETHX-B.TO
ETC.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Cryptocurrencies ETF (ETC.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.
| ETC.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.95 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.54 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.83 | -0.44 |
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Drawdowns
ETC.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum ETC.TO drawdown since its inception was -75.66%, roughly equal to the maximum ETHX-B.TO drawdown of -78.38%. Use the drawdown chart below to compare losses from any high point for ETC.TO and ETHX-B.TO.
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Drawdown Indicators
| ETC.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -78.38% | +2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -56.51% | -67.14% | +10.63% |
Max Drawdown (3Y)Largest decline over 3 years | -56.51% | -67.14% | +10.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.38% | — |
Current DrawdownCurrent decline from peak | -52.31% | -60.67% | +8.36% |
Average DrawdownAverage peak-to-trough decline | -35.81% | -43.15% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.20% | 43.42% | -7.22% |
Volatility
ETC.TO vs. ETHX-B.TO - Volatility Comparison
The current volatility for Evolve Cryptocurrencies ETF (ETC.TO) is 13.13%, while CI Galaxy Ethereum ETF (ETHX-B.TO) has a volatility of 16.01%. This indicates that ETC.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
| ETC.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 16.01% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 45.79% | -8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.33% | 66.58% | -18.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.08% | 68.86% | -14.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.08% | 71.77% | -17.69% |
Dividends
ETC.TO vs. ETHX-B.TO - Dividend Comparison
ETC.TO's dividend yield for the trailing twelve months is around 0.81%, while ETHX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | 0.81% | 0.58% | 0.05% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ETC.TO and ETHX-B.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: Evolve and CI.
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