ETHX-B.TO vs. EBIT-U.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and EBIT-U.TO (Evolve Bitcoin ETF USD) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-B.TO returned 0.58%/yr vs 15.38%/yr for EBIT-U.TO. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
ETHX-B.TO vs. EBIT-U.TO - Performance Comparison
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Different Trading Currencies
ETHX-B.TO is traded in CAD, while EBIT-U.TO is traded in USD. To make them comparable, the EBIT-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 -36.70% return, which is significantly lower than EBIT-U.TO's -26.37% return.
ETHX-B.TO
- 1D
- -1.93%
- 1M
- 5.41%
- 6M
- -43.63%
- YTD
- -36.70%
- 1Y
- -45.22%
- 3Y*
- 0.63%
- 5Y*
- 0.58%
- 10Y*
- —
EBIT-U.TO
- 1D
- -0.18%
- 1M
- 0.07%
- 6M
- -32.35%
- YTD
- -26.37%
- 1Y
- -45.80%
- 3Y*
- 29.67%
- 5Y*
- 15.38%
- 10Y*
- —
ETHX-B.TO vs. EBIT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHX-B.TO CI Galaxy Ethereum ETF | -36.70% | -15.87% | 55.80% | 90.02% | -65.68% | 64.85% |
EBIT-U.TO Evolve Bitcoin ETF USD | -26.37% | -11.00% | 134.26% | 147.82% | -62.74% | -17.77% |
Correlation
The correlation between ETHX-B.TO and EBIT-U.TO is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.77 |
The correlation between ETHX-B.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
ETHX-B.TO vs. EBIT-U.TO — Risk / Return Rank
ETHX-B.TO
EBIT-U.TO
ETHX-B.TO vs. EBIT-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 Evolve Bitcoin ETF USD (EBIT-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 | EBIT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.84 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.86 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.35 | +0.31 |
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Drawdowns
ETHX-B.TO vs. EBIT-U.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, roughly equal to the maximum EBIT-U.TO drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and EBIT-U.TO.
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Drawdown Indicators
| ETHX-B.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -76.08% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -53.57% | -13.57% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -53.57% | -13.57% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -76.08% | -2.30% |
Current DrawdownCurrent decline from peak | -61.51% | -49.26% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -43.19% | -33.37% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.92% | 34.08% | +9.84% |
Volatility
ETHX-B.TO vs. EBIT-U.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 13.81% compared to Evolve Bitcoin ETF USD (EBIT-U.TO) at 12.82%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than EBIT-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 | EBIT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.81% | 12.82% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 45.49% | 37.63% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.74% | 46.42% | +19.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.84% | 54.80% | +14.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.70% | 56.32% | +15.38% |
Dividends
ETHX-B.TO vs. EBIT-U.TO - Dividend Comparison
Neither ETHX-B.TO nor EBIT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and EBIT-U.TO have a correlation of 0.83, 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 Evolve.
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