ETHX-B.TO vs. ETC.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and ETC.TO (Evolve Cryptocurrencies ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHX-B.TO returned 0.63%/yr vs 22.27%/yr for ETC.TO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
ETHX-B.TO vs. ETC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHX-B.TO achieves a -36.70% return, which is significantly lower than ETC.TO's -28.30% 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*
- —
ETC.TO
- 1D
- -0.89%
- 1M
- 0.08%
- 6M
- -35.47%
- YTD
- -28.30%
- 1Y
- -48.17%
- 3Y*
- 22.27%
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO vs. ETC.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% | 27.97% |
ETC.TO Evolve Cryptocurrencies ETF | -28.30% | -13.66% | 117.58% | 126.17% | -63.55% | 10.00% |
Correlation
The correlation between ETHX-B.TO and ETC.TO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.88 |
The correlation between ETHX-B.TO and ETC.TO has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
ETHX-B.TO vs. ETC.TO — Risk / Return Rank
ETHX-B.TO
ETC.TO
ETHX-B.TO vs. ETC.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 Cryptocurrencies ETF (ETC.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 | ETC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.83 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.85 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.32 | +0.28 |
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Drawdowns
ETHX-B.TO vs. ETC.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, roughly equal to the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and ETC.TO.
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Drawdown Indicators
| ETHX-B.TO | ETC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -75.66% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -56.51% | -10.63% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -56.51% | -10.63% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | — | — |
Current DrawdownCurrent decline from peak | -61.51% | -52.77% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -43.19% | -35.85% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.92% | 36.65% | +7.27% |
Volatility
ETHX-B.TO vs. ETC.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 13.81% compared to Evolve Cryptocurrencies ETF (ETC.TO) at 11.49%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than ETC.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 | ETC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.81% | 11.49% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 45.49% | 36.82% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.74% | 48.18% | +17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.84% | 54.01% | +14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.70% | 54.01% | +17.69% |
Dividends
ETHX-B.TO vs. ETC.TO - Dividend Comparison
ETHX-B.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETC.TO Evolve Cryptocurrencies ETF | 0.82% | 0.58% | 0.05% |
ETHX-B.TO CI Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ETHX-B.TO and ETC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: CI and Evolve.
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