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ETHX-B.TO vs. NXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ETHX-B.TO vs. NXF.TO

Last updated Jul 1, 2026
See Documentation

ETHX-B.TO (CI Galaxy Ethereum ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, ETHX-B.TO returned -5.01%/yr vs 14.15%/yr for NXF.TO. At a 0.13 correlation, their price movements are largely independent.

Performance

ETHX-B.TO vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Ethereum ETF (ETHX-B.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

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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 NXF.TO's 14.91% 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*
—

NXF.TO

1D
-0.50%
1M
-9.01%
YTD
14.91%
6M
14.49%
1Y
23.67%
3Y*
9.39%
5Y*
14.15%
10Y*
6.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHX-B.TO vs. NXF.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ETHX-B.TO
CI Galaxy Ethereum ETF		-45.06%-15.87%55.80%90.02%-65.68%64.85%
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CAD Hedged)		14.91%9.09%-4.58%6.48%43.93%18.23%

Correlation

The correlation between ETHX-B.TO and NXF.TO is 0.07, 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

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Apr 20, 2021

0.13

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CI Galaxy Ethereum ETF

CI Energy Giants Covered Call ETF Common Units (CAD Hedged)

Often compared with NXF.TO:
NXF.TO vs. VXM-B.TONXF.TO vs. XEG.TONXF.TO vs. CCOM.TONXF.TO vs. CBCX.TONXF.TO vs. CEQP.TONXF.TO vs. YPLT.NEONXF.TO vs. YAVG.NEO

Return for Risk

ETHX-B.TO vs. NXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETHX-B.TO
ETHX-B.TO Risk / Return Rank: 66
Overall Rank
ETHX-B.TO Sharpe Ratio Rank: 55
Sharpe Ratio Rank
ETHX-B.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
ETHX-B.TO Omega Ratio Rank: 66
Omega Ratio Rank
ETHX-B.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
ETHX-B.TO Martin Ratio Rank: 66
Martin Ratio Rank
NXF.TO
NXF.TO Risk / Return Rank: 3535
Overall Rank
NXF.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
NXF.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
NXF.TO Omega Ratio Rank: 3434
Omega Ratio Rank
NXF.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
NXF.TO Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHX-B.TO vs. NXF.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 Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.TONXF.TODifference
Sharpe ratioReturn per unit of total volatility
-0.53
1.20

-1.72

Sortino ratioReturn per unit of downside risk
-0.44
1.67

-2.11

Omega ratioGain probability vs. loss probability

0.95

1.21

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.52

1.35

-1.87

Martin ratioReturn relative to average drawdown

-0.84

5.02

-5.85

ETHX-B.TO vs. NXF.TO - Sharpe Ratio Comparison

The current ETHX-B.TO Sharpe Ratio is -0.53, which is lower than the NXF.TO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of ETHX-B.TO and NXF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ETHX-B.TO vs. NXF.TO - Drawdown Comparison

The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than NXF.TO's maximum drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and NXF.TO.

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Drawdown Indicators

ETHX-B.TONXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.38%

-65.25%

-13.13%

Max Drawdown (1Y)

Largest decline over 1 year

-67.14%

-17.57%

-49.57%

Max Drawdown (3Y)

Largest decline over 3 years

-67.14%

-24.32%

-42.82%

Max Drawdown (5Y)

Largest decline over 5 years

-78.38%

-24.32%

-54.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-65.25%

—

Current Drawdown

Current decline from peak

-66.60%

-17.57%

-49.03%

Average Drawdown

Average peak-to-trough decline

-43.02%

-15.98%

-27.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

41.78%

4.73%

+37.05%

Volatility

ETHX-B.TO vs. NXF.TO - Volatility Comparison

CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 19.42% compared to CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) at 6.34%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than NXF.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.TONXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.42%

6.34%

+13.08%

Volatility (6M)

Calculated over the trailing 6-month period

45.25%

16.35%

+28.90%

Volatility (1Y)

Calculated over the trailing 1-year period

66.77%

19.83%

+46.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

69.08%

23.41%

+45.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.86%

26.03%

+45.83%

Dividends

ETHX-B.TO vs. NXF.TO - Dividend Comparison

ETHX-B.TO has not paid dividends to shareholders, while NXF.TO's dividend yield for the trailing twelve months is around 8.91%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CAD Hedged)		8.91%7.70%8.50%8.60%11.22%9.46%11.24%7.83%9.39%6.49%8.24%8.21%

Frequently Asked Questions

ETHX-B.TO and NXF.TO have a correlation of 0.07, 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 NXF.TO is Energy Equities.

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