ETHX-U.TO vs. BTCC-B.TO
ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and BTCC-B.TO (Purpose Bitcoin ETF Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-U.TO returned -7.54%/yr vs 9.39%/yr for BTCC-B.TO. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
ETHX-U.TO vs. BTCC-B.TO - Performance Comparison
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Different Trading Currencies
ETHX-U.TO is traded in USD, while BTCC-B.TO is traded in CAD. To make them comparable, the BTCC-B.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHX-U.TO achieves a -46.97% return, which is significantly lower than BTCC-B.TO's -33.53% return.
ETHX-U.TO
- 1D
- -2.51%
- 1M
- -21.61%
- YTD
- -46.97%
- 6M
- -46.77%
- 1Y
- -37.56%
- 3Y*
- -7.06%
- 5Y*
- -7.54%
- 10Y*
- —
BTCC-B.TO
- 1D
- -3.03%
- 1M
- -20.33%
- YTD
- -33.53%
- 6M
- -33.85%
- 1Y
- -46.10%
- 3Y*
- 22.76%
- 5Y*
- 9.39%
- 10Y*
- —
ETHX-U.TO vs. BTCC-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | -46.97% | -11.53% | 43.46% | 93.31% | -67.94% | 63.87% |
BTCC-B.TO Purpose Bitcoin ETF Non-Currency Hedged Units | -33.53% | -7.61% | 118.10% | 154.20% | -64.49% | -19.74% |
Correlation
The correlation between ETHX-U.TO and BTCC-B.TO is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.79 |
The correlation between ETHX-U.TO and BTCC-B.TO has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
ETHX-U.TO vs. BTCC-B.TO — Risk / Return Rank
ETHX-U.TO
BTCC-B.TO
ETHX-U.TO vs. BTCC-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) and Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.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-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.82 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.86 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.45 | +0.56 |
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Drawdowns
ETHX-U.TO vs. BTCC-B.TO - Drawdown Comparison
The maximum ETHX-U.TO drawdown since its inception was -79.05%, roughly equal to the maximum BTCC-B.TO drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and BTCC-B.TO.
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Drawdown Indicators
| ETHX-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.05% | -76.86% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -68.04% | -53.70% | -14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -68.04% | -53.70% | -14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -79.05% | -76.86% | -2.19% |
Current DrawdownCurrent decline from peak | -68.18% | -53.70% | -14.48% |
Average DrawdownAverage peak-to-trough decline | -46.24% | -34.20% | -12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.96% | 31.73% | +10.23% |
Volatility
ETHX-U.TO vs. BTCC-B.TO - Volatility Comparison
CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a higher volatility of 20.94% compared to Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) at 13.42%. This indicates that ETHX-U.TO's price experiences larger fluctuations and is considered to be riskier than BTCC-B.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-U.TO | BTCC-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 13.42% | +7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 46.21% | 33.94% | +12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.86% | 43.34% | +24.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.03% | 53.37% | +17.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.85% | 55.16% | +18.69% |
Dividends
ETHX-U.TO vs. BTCC-B.TO - Dividend Comparison
Neither ETHX-U.TO nor BTCC-B.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-U.TO and BTCC-B.TO have a correlation of 0.85, 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 Purpose Investments.
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