ETHX-B.TO vs. BTCC-U.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and BTCC-U.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 12.56%/yr for BTCC-U.TO. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
ETHX-B.TO vs. BTCC-U.TO - Performance Comparison
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Different Trading Currencies
ETHX-B.TO is traded in CAD, while BTCC-U.TO is traded in USD. To make them comparable, the BTCC-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHX-B.TO achieves a -45.06% return, which is significantly lower than BTCC-U.TO's -30.50% return.
ETHX-B.TO
- 1D
- -2.57%
- 1M
- -19.45%
- YTD
- -45.06%
- 6M
- -44.60%
- 1Y
- -34.89%
- 3Y*
- -4.92%
- 5Y*
- -5.01%
- 10Y*
- —
BTCC-U.TO
- 1D
- -2.13%
- 1M
- -17.35%
- YTD
- -30.50%
- 6M
- -30.68%
- 1Y
- -43.86%
- 3Y*
- 25.77%
- 5Y*
- 12.56%
- 10Y*
- —
ETHX-B.TO vs. BTCC-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHX-B.TO CI Galaxy Ethereum ETF | -45.06% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
BTCC-U.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -30.50% | -11.68% | 137.02% | 147.11% | -62.62% | -17.44% |
Correlation
The correlation between ETHX-B.TO and BTCC-U.TO is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.81 |
The correlation between ETHX-B.TO and BTCC-U.TO has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
ETHX-B.TO vs. BTCC-U.TO — Risk / Return Rank
ETHX-B.TO
BTCC-U.TO
ETHX-B.TO vs. BTCC-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF (ETHX-B.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-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.
| ETHX-B.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.84 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.83 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.36 | +0.52 |
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Drawdowns
ETHX-B.TO vs. BTCC-U.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, roughly equal to the maximum BTCC-U.TO drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and BTCC-U.TO.
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Drawdown Indicators
| ETHX-B.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -75.18% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -52.69% | -14.45% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -52.69% | -14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -75.18% | -3.20% |
Current DrawdownCurrent decline from peak | -66.60% | -52.68% | -13.92% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -33.07% | -9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 32.30% | +9.48% |
Volatility
ETHX-B.TO vs. BTCC-U.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-U.TO) at 13.24%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-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
| ETHX-B.TO | BTCC-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 13.24% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 34.83% | +10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 44.44% | +22.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 54.93% | +14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 56.68% | +15.18% |
Dividends
ETHX-B.TO vs. BTCC-U.TO - Dividend Comparison
Neither ETHX-B.TO nor BTCC-U.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and BTCC-U.TO have a correlation of 0.87, 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: CI and Purpose Investments.
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