ETHX-B.TO vs. CMNY.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and CMNY.TO (CI Money Market ETF CAD Series) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while CMNY.TO is a Money Market fund actively managed by CI. Both are actively managed. Over the past year, ETHX-B.TO returned -34.89% vs 2.44% for CMNY.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
ETHX-B.TO vs. CMNY.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 CMNY.TO's 1.17% 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*
- —
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.17%
- 6M
- 1.17%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO vs. CMNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHX-B.TO CI Galaxy Ethereum ETF | -45.06% | -15.87% | 55.80% | 25.17% |
CMNY.TO CI Money Market ETF CAD Series | 1.17% | 2.83% | 4.77% | 2.00% |
Correlation
The correlation between ETHX-B.TO and CMNY.TO is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.07 |
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Return for Risk
ETHX-B.TO vs. CMNY.TO — Risk / Return Rank
ETHX-B.TO
CMNY.TO
ETHX-B.TO vs. CMNY.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 Money Market ETF CAD Series (CMNY.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 | CMNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.82 | ||
| Sortino ratioReturn per unit of downside risk | -17.25 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 3.60 | -2.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 49.15 | -49.67 |
| Martin ratioReturn relative to average drawdown | -0.84 | 197.17 | -198.00 |
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Drawdowns
ETHX-B.TO vs. CMNY.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than CMNY.TO's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and CMNY.TO.
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Drawdown Indicators
| ETHX-B.TO | CMNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -0.83% | -77.55% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -0.05% | -67.09% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | — | — |
Current DrawdownCurrent decline from peak | -66.60% | 0.00% | -66.60% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -0.05% | -42.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 0.01% | +41.77% |
Volatility
ETHX-B.TO vs. CMNY.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to CI Money Market ETF CAD Series (CMNY.TO) at 0.08%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than CMNY.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 | CMNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 0.08% | +19.34% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 0.22% | +45.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 0.34% | +66.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 1.01% | +68.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 1.01% | +70.85% |
Dividends
ETHX-B.TO vs. CMNY.TO - Dividend Comparison
ETHX-B.TO has not paid dividends to shareholders, while CMNY.TO's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMNY.TO CI Money Market ETF CAD Series | 2.49% | 2.89% | 4.64% | 2.02% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHX-B.TO and CMNY.TO have a correlation of 0.01, 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 CMNY.TO is Money Market.
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