ETHX-B.TO vs. FBTC.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHX-B.TO returned -4.92%/yr vs 26.69%/yr for FBTC.TO. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
ETHX-B.TO vs. FBTC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHX-B.TO achieves a -45.06% return, which is significantly lower than FBTC.TO's -30.73% 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*
- —
FBTC.TO
- 1D
- -2.76%
- 1M
- -17.58%
- YTD
- -30.73%
- 6M
- -30.82%
- 1Y
- -43.38%
- 3Y*
- 26.69%
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO vs. FBTC.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% | -21.33% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -30.73% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between ETHX-B.TO and FBTC.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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.83 |
The correlation between ETHX-B.TO and FBTC.TO has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHX-B.TO vs. FBTC.TO — Risk / Return Rank
ETHX-B.TO
FBTC.TO
ETHX-B.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF (ETHX-B.TO) and Fidelity Advantage Bitcoin ETF (FBTC.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 | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.84 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.83 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.35 | +0.51 |
Loading charts...
Drawdowns
ETHX-B.TO vs. FBTC.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than FBTC.TO's maximum drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and FBTC.TO.
Loading charts...
Drawdown Indicators
| ETHX-B.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -70.77% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -52.71% | -14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -52.71% | -14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | — | — |
Current DrawdownCurrent decline from peak | -66.60% | -52.71% | -13.89% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -31.23% | -11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 32.26% | +9.52% |
Volatility
ETHX-B.TO vs. FBTC.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to Fidelity Advantage Bitcoin ETF (FBTC.TO) at 13.53%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than FBTC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHX-B.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 13.53% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 33.76% | +11.49% |
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% | 52.22% | +16.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 52.22% | +19.64% |
Dividends
ETHX-B.TO vs. FBTC.TO - Dividend Comparison
Neither ETHX-B.TO nor FBTC.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and FBTC.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 Fidelity.
Find the right allocation for ETHX-B.TO and FBTC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer