ETHX-B.TO vs. CAGS.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while CAGS.TO is a Short-Term Bond fund managed by CI. Over the past 5 years, ETHX-B.TO returned 0.46%/yr vs 2.10%/yr for CAGS.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
ETHX-B.TO vs. CAGS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHX-B.TO achieves a -33.45% return, which is significantly lower than CAGS.TO's 1.19% return.
ETHX-B.TO
- 1D
- 1.69%
- 1M
- 12.63%
- 6M
- -34.71%
- YTD
- -33.45%
- 1Y
- -47.12%
- 3Y*
- 2.13%
- 5Y*
- 0.46%
- 10Y*
- —
- ALL TIME*
- -1.22%
CAGS.TO
- 1D
- 0.08%
- 1M
- -0.02%
- 6M
- 0.87%
- YTD
- 1.19%
- 1Y
- 3.25%
- 3Y*
- 5.01%
- 5Y*
- 2.10%
- 10Y*
- —
- ALL TIME*
- 2.33%
ETHX-B.TO vs. CAGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHX-B.TO CI Galaxy Ethereum ETF | -33.45% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.19% | 3.95% | 6.07% | 5.02% | -4.30% | -0.99% |
Correlation
The correlation between ETHX-B.TO and CAGS.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.01 |
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Return for Risk
ETHX-B.TO vs. CAGS.TO — Risk / Return Rank
ETHX-B.TO
CAGS.TO
ETHX-B.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF (ETHX-B.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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 | CAGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.45 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.07 | 7.38 | -8.45 |
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Drawdowns
ETHX-B.TO vs. CAGS.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than CAGS.TO's maximum drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and CAGS.TO.
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Drawdown Indicators
| ETHX-B.TO | CAGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -11.60% | -66.78% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -1.33% | -65.81% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -1.33% | -65.81% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -7.58% | -70.80% |
Current DrawdownCurrent decline from peak | -59.54% | -0.27% | -59.27% |
Average DrawdownAverage peak-to-trough decline | -43.22% | -1.45% | -41.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.25% | 0.44% | +43.81% |
Volatility
ETHX-B.TO vs. CAGS.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 14.03% compared to CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) at 0.68%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than CAGS.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 | CAGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 0.68% | +13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 45.17% | 1.62% | +43.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.73% | 2.06% | +63.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.78% | 2.76% | +66.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.67% | 4.62% | +67.05% |
Dividends
ETHX-B.TO vs. CAGS.TO - Dividend Comparison
ETHX-B.TO has not paid dividends to shareholders, while CAGS.TO's dividend yield for the trailing twelve months is around 3.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.28% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHX-B.TO and CAGS.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHX-B.TO is categorized as Cryptocurrency, while CAGS.TO is Short-Term Bond.
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