ETHH.TO vs. ETHX-B.TO
ETHH.TO (Purpose Ether ETF) and ETHX-B.TO (CI Galaxy Ethereum ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHH.TO returned -4.07%/yr vs 0.92%/yr for ETHX-B.TO. With a 0.99 correlation, they move nearly in lockstep.
Performance
ETHH.TO vs. ETHX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHH.TO achieves a -38.43% return, which is significantly lower than ETHX-B.TO's -35.31% return.
ETHH.TO
- 1D
- 5.93%
- 1M
- 12.42%
- 6M
- -42.68%
- YTD
- -38.43%
- 1Y
- -39.97%
- 3Y*
- -4.09%
- 5Y*
- -4.07%
- 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*
- —
ETHH.TO vs. ETHX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHH.TO Purpose Ether ETF | -38.43% | -14.37% | 38.87% | 91.16% | -69.16% | 58.33% |
ETHX-B.TO CI Galaxy Ethereum ETF | -35.31% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
Correlation
The correlation between ETHH.TO and ETHX-B.TO is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.99 |
The correlation between ETHH.TO and ETHX-B.TO has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
ETHH.TO vs. ETHX-B.TO — Risk / Return Rank
ETHH.TO
ETHX-B.TO
ETHH.TO vs. ETHX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.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.
| ETHH.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.54 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.91 | -0.83 | -0.07 |
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Drawdowns
ETHH.TO vs. ETHX-B.TO - Drawdown Comparison
The maximum ETHH.TO drawdown since its inception was -79.46%, 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 ETHH.TO and ETHX-B.TO.
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Drawdown Indicators
| ETHH.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -78.38% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -68.96% | -67.14% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -68.96% | -67.14% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | -78.38% | -1.08% |
Current DrawdownCurrent decline from peak | -67.17% | -60.67% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -49.47% | -43.15% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.20% | 43.42% | +0.78% |
Volatility
ETHH.TO vs. ETHX-B.TO - Volatility Comparison
Purpose Ether ETF (ETHH.TO) has a higher volatility of 17.69% compared to CI Galaxy Ethereum ETF (ETHX-B.TO) at 16.01%. This indicates that ETHH.TO's price experiences larger fluctuations and is considered to be riskier 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
| ETHH.TO | ETHX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 16.01% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 46.87% | 45.79% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.78% | 66.58% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.06% | 68.86% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.86% | 71.77% | +1.09% |
Dividends
ETHH.TO vs. ETHX-B.TO - Dividend Comparison
Neither ETHH.TO nor ETHX-B.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, ETHH.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: Purpose Investments and CI.
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