ETHX-B.TO vs. CIC.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while CIC.TO is a Financials Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 16.38%/yr for CIC.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
ETHX-B.TO vs. CIC.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 CIC.TO's 26.10% 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*
- —
CIC.TO
- 1D
- 0.64%
- 1M
- 9.33%
- YTD
- 26.10%
- 6M
- 25.61%
- 1Y
- 57.81%
- 3Y*
- 29.54%
- 5Y*
- 16.38%
- 10Y*
- 13.93%
ETHX-B.TO vs. CIC.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% |
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 26.10% | 35.32% | 21.30% | 6.58% | -10.99% | 16.84% |
Correlation
The correlation between ETHX-B.TO and CIC.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.23 |
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Return for Risk
ETHX-B.TO vs. CIC.TO — Risk / Return Rank
ETHX-B.TO
CIC.TO
ETHX-B.TO vs. CIC.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 Banks Covered Call Income Class ETF (CIC.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 | CIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.61 | ||
| Sortino ratioReturn per unit of downside risk | -7.38 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.97 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 7.06 | -7.58 |
| Martin ratioReturn relative to average drawdown | -0.84 | 33.08 | -33.92 |
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Drawdowns
ETHX-B.TO vs. CIC.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than CIC.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and CIC.TO.
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Drawdown Indicators
| ETHX-B.TO | CIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -38.55% | -39.83% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -8.23% | -58.91% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -14.32% | -52.82% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -26.34% | -52.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.55% | — |
Current DrawdownCurrent decline from peak | -66.60% | 0.00% | -66.60% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -5.47% | -37.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 1.75% | +40.03% |
Volatility
ETHX-B.TO vs. CIC.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to CI Canadian Banks Covered Call Income Class ETF (CIC.TO) at 2.60%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than CIC.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 | CIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 2.60% | +16.82% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 9.90% | +35.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 11.44% | +55.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 12.80% | +56.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 16.26% | +55.60% |
Dividends
ETHX-B.TO vs. CIC.TO - Dividend Comparison
ETHX-B.TO has not paid dividends to shareholders, while CIC.TO's dividend yield for the trailing twelve months is around 4.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 4.94% | 5.17% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ETHX-B.TO and CIC.TO have a correlation of 0.28, 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 CIC.TO is Financials Equities.
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