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

ETHX-B.TO vs. ONEQ.TO

Last updated Jul 18, 2026
Documentation

ETHX-B.TO (CI Galaxy Ethereum ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both exchange-traded funds - ETHX-B.TO is a Cryptocurrency fund actively managed by CI, while ONEQ.TO is a Global Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, ETHX-B.TO returned 0.58%/yr vs 13.10%/yr for ONEQ.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

ETHX-B.TO vs. ONEQ.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 Global Core Plus Equity ETF (ONEQ.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 -36.70% return, which is significantly lower than ONEQ.TO's 13.96% 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*
—

ONEQ.TO

1D
-1.11%
1M
0.37%
6M
9.99%
YTD
13.96%
1Y
25.20%
3Y*
20.30%
5Y*
13.10%
10Y*
11.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
ETHX-B.TO
CI Galaxy Ethereum ETF		-36.70%-15.87%55.80%90.02%-65.68%64.85%
ONEQ.TO
CI Global Core Plus Equity ETF		13.96%17.62%22.45%19.07%-10.74%9.62%

Correlation

The correlation between ETHX-B.TO and ONEQ.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

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

0.20

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

0.18

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

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Galaxy Ethereum ETF

CI Global Core Plus Equity ETF

Often compared with ETHX-B.TO:
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Often compared with ONEQ.TO:
ONEQ.TO vs. VDU.TOONEQ.TO vs. XML.TOONEQ.TO vs. VVO.TOONEQ.TO vs. ESGG.TOONEQ.TO vs. GEQT.TOONEQ.TO vs. VMO.TOONEQ.TO vs. CEQT.TO

Return for Risk

ETHX-B.TO vs. ONEQ.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: 44
Overall Rank
ETHX-B.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
ETHX-B.TO Sortino Ratio Rank: 44
Sortino Ratio Rank
ETHX-B.TO Omega Ratio Rank: 44
Omega Ratio Rank
ETHX-B.TO Calmar Ratio Rank: 44
Calmar Ratio Rank
ETHX-B.TO Martin Ratio Rank: 55
Martin Ratio Rank
ONEQ.TO
ONEQ.TO Risk / Return Rank: 8888
Overall Rank
ONEQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ONEQ.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
ONEQ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ONEQ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
ONEQ.TO Martin Ratio Rank: 9292
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. ONEQ.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 Global Core Plus Equity ETF (ONEQ.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.TOONEQ.TODifference
Sharpe ratioReturn per unit of total volatility
-0.69
2.11

-2.80

Sortino ratioReturn per unit of downside risk
-0.82
3.08

-3.90

Omega ratioGain probability vs. loss probability

0.91

1.42

-0.51

Calmar ratioReturn relative to maximum drawdown

-0.68

3.80

-4.47

Martin ratioReturn relative to average drawdown

-1.03

16.75

-17.78

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

The current ETHX-B.TO Sharpe Ratio is -0.69, which is lower than the ONEQ.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ETHX-B.TO and ONEQ.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. ONEQ.TO - Drawdown Comparison

The maximum ETHX-B.TO drawdown since its inception was -78.38%, which is greater than ONEQ.TO's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for ETHX-B.TO and ONEQ.TO.

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Drawdown Indicators

ETHX-B.TOONEQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.38%

-34.40%

-43.98%

Max Drawdown (1Y)

Largest decline over 1 year

-67.14%

-6.66%

-60.48%

Max Drawdown (3Y)

Largest decline over 3 years

-67.14%

-16.08%

-51.06%

Max Drawdown (5Y)

Largest decline over 5 years

-78.38%

-17.61%

-60.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.40%

—

Current Drawdown

Current decline from peak

-61.51%

-1.20%

-60.31%

Average Drawdown

Average peak-to-trough decline

-43.19%

-3.69%

-39.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

43.92%

1.51%

+42.41%

Volatility

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

CI Galaxy Ethereum ETF (ETHX-B.TO) has a higher volatility of 13.81% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 2.83%. This indicates that ETHX-B.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.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.TOONEQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.81%

2.83%

+10.98%

Volatility (6M)

Calculated over the trailing 6-month period

45.49%

9.93%

+35.56%

Volatility (1Y)

Calculated over the trailing 1-year period

65.74%

12.03%

+53.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

68.84%

13.29%

+55.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.70%

13.91%

+57.79%

Dividends

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

ETHX-B.TO has not paid dividends to shareholders, while ONEQ.TO's dividend yield for the trailing twelve months is around 1.60%.

PositionTTM2025202420232022202120202019201820172016
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%
ONEQ.TO
CI Global Core Plus Equity ETF		1.60%1.60%1.05%1.53%1.38%0.89%1.22%1.39%0.94%1.03%1.22%

Frequently Asked Questions

ETHX-B.TO and ONEQ.TO have a correlation of 0.14, 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 ONEQ.TO is Global Equities.

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