ETC.TO vs. ETHX-U.TO
ETC.TO (Evolve Cryptocurrencies ETF) and ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETC.TO returned 21.89%/yr vs 1.21%/yr for ETHX-U.TO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
ETC.TO vs. ETHX-U.TO - Performance Comparison
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Different Trading Currencies
ETC.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, ETC.TO achieves a -27.60% return, which is significantly higher than ETHX-U.TO's -34.80% return.
ETC.TO
- 1D
- 3.43%
- 1M
- 2.82%
- 6M
- -34.29%
- YTD
- -27.60%
- 1Y
- -45.79%
- 3Y*
- 21.89%
- 5Y*
- —
- 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*
- —
ETC.TO vs. ETHX-U.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-U.TO CI Galaxy Ethereum ETF (US$ Series) | -34.80% | -15.57% | 55.61% | 88.71% | -65.91% | 29.59% |
Correlation
The correlation between ETC.TO and ETHX-U.TO is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.85 |
The correlation between ETC.TO and ETHX-U.TO has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
ETC.TO vs. ETHX-U.TO — Risk / Return Rank
ETC.TO
ETHX-U.TO
ETC.TO vs. ETHX-U.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 (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.
| ETC.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.95 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.53 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.81 | -0.46 |
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Drawdowns
ETC.TO vs. ETHX-U.TO - Drawdown Comparison
The maximum ETC.TO drawdown since its inception was -75.66%, 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 ETC.TO and ETHX-U.TO.
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Drawdown Indicators
| ETC.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -78.30% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -56.51% | -67.75% | +11.24% |
Max Drawdown (3Y)Largest decline over 3 years | -56.51% | -67.75% | +11.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.30% | — |
Current DrawdownCurrent decline from peak | -52.31% | -60.78% | +8.47% |
Average DrawdownAverage peak-to-trough decline | -35.81% | -43.10% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.20% | 43.84% | -7.64% |
Volatility
ETC.TO vs. ETHX-U.TO - Volatility Comparison
The current volatility for Evolve Cryptocurrencies ETF (ETC.TO) is 13.13%, while CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a volatility of 17.22%. This indicates that ETC.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
| ETC.TO | ETHX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 17.22% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 46.84% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.33% | 68.09% | -19.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.08% | 71.16% | -17.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.08% | 74.04% | -19.96% |
Dividends
ETC.TO vs. ETHX-U.TO - Dividend Comparison
ETC.TO's dividend yield for the trailing twelve months is around 0.81%, while ETHX-U.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | 0.81% | 0.58% | 0.05% |
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETC.TO and ETHX-U.TO have a correlation of 0.90, 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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