ETHX-B.TO vs. LBIT.TO
ETHX-B.TO (CI Galaxy Ethereum ETF) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. Both are actively managed. Over the past year, ETHX-B.TO returned -34.89% vs -54.03% for LBIT.TO. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
ETHX-B.TO vs. LBIT.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 LBIT.TO's -39.28% 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*
- —
LBIT.TO
- 1D
- -4.22%
- 1M
- -22.70%
- YTD
- -39.28%
- 6M
- -39.53%
- 1Y
- -54.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHX-B.TO vs. LBIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHX-B.TO CI Galaxy Ethereum ETF | -45.06% | 57.80% |
LBIT.TO Evolve Levered Bitcoin ETF | -39.28% | 8.66% |
Correlation
The correlation between ETHX-B.TO and LBIT.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.75 |
The correlation between ETHX-B.TO and LBIT.TO has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
ETHX-B.TO vs. LBIT.TO — Risk / Return Rank
ETHX-B.TO
LBIT.TO
ETHX-B.TO vs. LBIT.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 Levered Bitcoin ETF (LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.81 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.87 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.39 | +0.56 |
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Drawdowns
ETHX-B.TO vs. LBIT.TO - Drawdown Comparison
The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than LBIT.TO's maximum drawdown of -62.66%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and LBIT.TO.
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Drawdown Indicators
| ETHX-B.TO | LBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.38% | -62.66% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -67.14% | -62.66% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.38% | — | — |
Current DrawdownCurrent decline from peak | -66.60% | -62.66% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -27.36% | -15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.78% | 38.80% | +2.98% |
Volatility
ETHX-B.TO vs. LBIT.TO - Volatility Comparison
CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to Evolve Levered Bitcoin ETF (LBIT.TO) at 17.09%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than LBIT.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 | LBIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 17.09% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 41.43% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.77% | 52.26% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 51.57% | +17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 51.57% | +20.29% |
Dividends
ETHX-B.TO vs. LBIT.TO - Dividend Comparison
Neither ETHX-B.TO nor LBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-B.TO and LBIT.TO have a correlation of 0.77, 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 LBIT.TO is Leveraged Cryptocurrency. They also come from different issuers: CI and Evolve.
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