ETHX-B.TO vs. BTCC.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 7.32%/yr for BTCC.TO. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
ETHX-B.TO vs. BTCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHX-B.TO achieves a -45.06% return, which is significantly lower than BTCC.TO's -34.39% 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.TO
- 1D
- -2.64%
- 1M
- -20.37%
- YTD
- -34.39%
- 6M
- -34.56%
- 1Y
- -47.56%
- 3Y*
- 20.62%
- 5Y*
- 7.32%
- 10Y*
- —
ETHX-B.TO vs. BTCC.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.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -34.39% | -9.18% | 116.50% | 149.22% | -65.78% | -19.83% |
Correlation
The correlation between ETHX-B.TO and BTCC.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 | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.82 |
The correlation between ETHX-B.TO and BTCC.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.TO — Risk / Return Rank
ETHX-B.TO
BTCC.TO
ETHX-B.TO vs. BTCC.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 CAD ETF Currency Hedged Units (BTCC.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.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.82 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.87 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.47 | +0.64 |
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Drawdowns
ETHX-B.TO vs. BTCC.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, roughly equal to the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and BTCC.TO.
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Drawdown Indicators
| ETHX-B.TO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -77.80% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -54.58% | -12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -54.58% | -12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -77.80% | -0.58% |
Current DrawdownCurrent decline from peak | -66.60% | -54.58% | -12.02% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -34.97% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 32.33% | +9.45% |
Volatility
ETHX-B.TO vs. BTCC.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) at 13.68%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than BTCC.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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 13.68% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 34.45% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 44.06% | +22.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 54.78% | +14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 56.28% | +15.58% |
Dividends
ETHX-B.TO vs. BTCC.TO - Dividend Comparison
Neither ETHX-B.TO nor BTCC.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and BTCC.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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