ETHR.TO vs. CCCX-B.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and CI Galaxy Core Multi-Crypto ETF (CAD) (CCCX-B.TO).

ETHR.TO and CCCX-B.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHR.TO is a passively managed fund by Evolve that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Apr 19, 2021. CCCX-B.TO is an actively managed fund by CI Global Asset Management. It was launched on Aug 22, 2025.

Performance

ETHR.TO vs. CCCX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and CI Galaxy Core Multi-Crypto ETF (CAD) (CCCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

ETHR.TO vs. CCCX-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHR.TO Evolve Ether ETF CAD Unhedged Units	-28.50%	-35.73%
CCCX-B.TO CI Galaxy Core Multi-Crypto ETF (CAD)	-26.11%	-27.81%

Returns By Period

In the year-to-date period, ETHR.TO achieves a -28.50% return, which is significantly lower than CCCX-B.TO's -26.11% return.

ETHR.TO

• 1D: 3.98%
• 1M: 11.16%
• YTD: -28.50%
• 6M: -50.03%
• 1Y: 9.03%
• 3Y*: 3.59%
• 5Y*: —
• 10Y*: —

CCCX-B.TO

• 1D: -1.33%
• 1M: 3.39%
• YTD: -26.11%
• 6M: -46.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHR.TO vs. CCCX-B.TO - Expense Ratio Comparison

ETHR.TO has a 0.75% expense ratio, which is higher than CCCX-B.TO's 0.50% expense ratio.

ETHR.TO

Evolve Ether ETF CAD Unhedged Units

CCCX-B.TO

CI Galaxy Core Multi-Crypto ETF (CAD)

Return for Risk

ETHR.TO vs. CCCX-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHR.TO

ETHR.TO Risk / Return Rank: 17
ETHR.TO Sharpe Ratio Rank: 14
ETHR.TO Sortino Ratio Rank: 24
ETHR.TO Omega Ratio Rank: 21
ETHR.TO Calmar Ratio Rank: 14
ETHR.TO Martin Ratio Rank: 13

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.

ETHR.TO vs. CCCX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and CI Galaxy Core Multi-Crypto ETF (CAD) (CCCX-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.

	ETHR.TO	CCCX-B.TO	Difference
Sharpe ratio Return per unit of total volatility	0.12	—	—
Sortino ratio Return per unit of downside risk	0.73	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	0.11	—	—
Martin ratio Return relative to average drawdown	0.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHR.TO	CCCX-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-1.32	+1.29

Correlation

The correlation between ETHR.TO and CCCX-B.TO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ETHR.TO vs. CCCX-B.TO - Dividend Comparison

Neither ETHR.TO nor CCCX-B.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ETHR.TO vs. CCCX-B.TO - Drawdown Comparison

The maximum ETHR.TO drawdown since its inception was -78.36%, which is greater than CCCX-B.TO's maximum drawdown of -54.49%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and CCCX-B.TO.

Drawdown Indicators

	ETHR.TO	CCCX-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.36%	-54.49%	-23.87%
Max Drawdown (1Y) Largest decline over 1 year	-62.29%	—	—
Current Drawdown Current decline from peak	-56.68%	-52.08%	-4.60%
Average Drawdown Average peak-to-trough decline	-43.06%	-28.87%	-14.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.72%	—	—

Volatility

Volatility by Period

	ETHR.TO	CCCX-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.21%	49.94%	+24.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.62%	49.94%	+22.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.62%	49.94%	+22.68%