ETHX-B.TO vs. EHE.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and EHE.TO (CI Europe Hedged Equity Index ETF) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index. ETHX-B.TO is actively managed, while EHE.TO is passively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 10.01%/yr for EHE.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
ETHX-B.TO vs. EHE.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 EHE.TO's 7.41% 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*
- —
EHE.TO
- 1D
- 0.58%
- 1M
- 1.53%
- YTD
- 7.41%
- 6M
- 7.99%
- 1Y
- 17.80%
- 3Y*
- 13.93%
- 5Y*
- 10.01%
- 10Y*
- —
ETHX-B.TO vs. EHE.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% |
EHE.TO CI Europe Hedged Equity Index ETF | 7.41% | 22.91% | 4.19% | 22.26% | -10.45% | 11.18% |
Correlation
The correlation between ETHX-B.TO and EHE.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
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. EHE.TO — Risk / Return Rank
ETHX-B.TO
EHE.TO
ETHX-B.TO vs. EHE.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 Europe Hedged Equity Index ETF (EHE.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 | EHE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.23 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.68 | -2.20 |
| Martin ratioReturn relative to average drawdown | -0.84 | 6.34 | -7.17 |
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Drawdowns
ETHX-B.TO vs. EHE.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than EHE.TO's maximum drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and EHE.TO.
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Drawdown Indicators
| ETHX-B.TO | EHE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -38.20% | -40.18% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -11.85% | -55.29% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -16.30% | -50.84% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | -22.91% | -55.47% |
Current DrawdownCurrent decline from peak | -66.60% | -0.97% | -65.63% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -5.32% | -37.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 3.13% | +38.65% |
Volatility
ETHX-B.TO vs. EHE.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to CI Europe Hedged Equity Index ETF (EHE.TO) at 5.06%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than EHE.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 | EHE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 5.06% | +14.36% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 13.37% | +31.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 16.28% | +50.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 18.09% | +50.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 17.45% | +54.41% |
Dividends
ETHX-B.TO vs. EHE.TO - Dividend Comparison
ETHX-B.TO has not paid dividends to shareholders, while EHE.TO's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 2.16% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% |
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% |
Frequently Asked Questions
ETHX-B.TO and EHE.TO have a correlation of -0.06, 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 EHE.TO is Europe Equities.
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