ETHX-B.TO vs. EBIT.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and EBIT.TO (Evolve Bitcoin ETF CAD) are both Cryptocurrency funds. ETHX-B.TO is actively managed, while EBIT.TO is passively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 11.92%/yr for EBIT.TO. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
ETHX-B.TO vs. EBIT.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 EBIT.TO's -31.31% 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*
- —
EBIT.TO
- 1D
- -2.88%
- 1M
- -17.88%
- YTD
- -31.31%
- 6M
- -31.55%
- 1Y
- -44.26%
- 3Y*
- 25.11%
- 5Y*
- 11.92%
- 10Y*
- —
ETHX-B.TO vs. EBIT.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% |
EBIT.TO Evolve Bitcoin ETF CAD | -31.31% | -11.88% | 134.59% | 146.50% | -62.36% | -18.52% |
Correlation
The correlation between ETHX-B.TO and EBIT.TO is 0.88, 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 | 0.88 |
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 EBIT.TO has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
ETHX-B.TO vs. EBIT.TO — Risk / Return Rank
ETHX-B.TO
EBIT.TO
ETHX-B.TO vs. EBIT.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 CAD (EBIT.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.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.83 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.84 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.37 | +0.53 |
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Drawdowns
ETHX-B.TO vs. EBIT.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, roughly equal to the maximum EBIT.TO drawdown of -75.45%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and EBIT.TO.
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Drawdown Indicators
| ETHX-B.TO | EBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -75.45% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -53.08% | -14.06% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -53.08% | -14.06% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -75.45% | -2.93% |
Current DrawdownCurrent decline from peak | -66.60% | -53.08% | -13.52% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -33.28% | -9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 32.35% | +9.43% |
Volatility
ETHX-B.TO vs. EBIT.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to Evolve Bitcoin ETF CAD (EBIT.TO) at 13.37%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than EBIT.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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 13.37% | +6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 34.17% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 43.55% | +23.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 52.91% | +16.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 54.65% | +17.21% |
Dividends
ETHX-B.TO vs. EBIT.TO - Dividend Comparison
Neither ETHX-B.TO nor EBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and EBIT.TO have a correlation of 0.88, 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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