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ETHX-U.TO vs. CIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ETHX-U.TO vs. CIC.TO

Last updated Jul 1, 2026
See Documentation

ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both exchange-traded funds - ETHX-U.TO is a Cryptocurrency fund actively managed by CI, while CIC.TO is a Financials Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, ETHX-U.TO returned -7.54%/yr vs 13.25%/yr for CIC.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

ETHX-U.TO vs. CIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ETHX-U.TO is traded in USD, while CIC.TO is traded in CAD. To make them comparable, the CIC.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 CIC.TO's 21.53% 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*
—

CIC.TO

1D
0.50%
1M
6.05%
YTD
21.53%
6M
21.00%
1Y
51.95%
3Y*
26.56%
5Y*
13.25%
10Y*
12.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHX-U.TO vs. CIC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ETHX-U.TO
CI Galaxy Ethereum ETF (US$ Series)		-46.97%-11.53%43.46%93.31%-67.94%63.87%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		21.53%41.79%11.83%9.17%-16.30%14.76%

Correlation

The correlation between ETHX-U.TO and CIC.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.22

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

0.22

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

0.21

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 (US$ Series)

CI Canadian Banks Covered Call Income Class ETF

Often compared with CIC.TO:
CIC.TO vs. HEB.TOCIC.TO vs. FMAX.TOCIC.TO vs. CCOM.TOCIC.TO vs. ZEB.TOCIC.TO vs. CMNY.TOCIC.TO vs. ZWB.TOCIC.TO vs. VXM-B.TO

Return for Risk

ETHX-U.TO vs. CIC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETHX-U.TO
ETHX-U.TO Risk / Return Rank: 55
Overall Rank
ETHX-U.TO Sharpe Ratio Rank: 55
Sharpe Ratio Rank
ETHX-U.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
ETHX-U.TO Omega Ratio Rank: 66
Omega Ratio Rank
ETHX-U.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
ETHX-U.TO Martin Ratio Rank: 66
Martin Ratio Rank
CIC.TO
CIC.TO Risk / Return Rank: 9797
Overall Rank
CIC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CIC.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CIC.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CIC.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
CIC.TO Martin Ratio Rank: 9797
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-U.TO vs. CIC.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 CI Canadian Banks Covered Call Income Class ETF (CIC.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.TOCIC.TODifference
Sharpe ratioReturn per unit of total volatility
-0.56
4.33

-4.89

Sortino ratioReturn per unit of downside risk
-0.51
5.86

-6.37

Omega ratioGain probability vs. loss probability

0.94

1.80

-0.86

Calmar ratioReturn relative to maximum drawdown

-0.55

5.98

-6.53

Martin ratioReturn relative to average drawdown

-0.90

26.27

-27.16

ETHX-U.TO vs. CIC.TO - Sharpe Ratio Comparison

The current ETHX-U.TO Sharpe Ratio is -0.56, which is lower than the CIC.TO Sharpe Ratio of 4.33. The chart below compares the historical Sharpe Ratios of ETHX-U.TO and CIC.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-U.TO vs. CIC.TO - Drawdown Comparison

The maximum ETHX-U.TO drawdown since its inception was -79.05%, which is greater than CIC.TO's maximum drawdown of -44.67%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and CIC.TO.

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Drawdown Indicators

ETHX-U.TOCIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-79.05%

-44.67%

-34.38%

Max Drawdown (1Y)

Largest decline over 1 year

-68.04%

-8.73%

-59.31%

Max Drawdown (3Y)

Largest decline over 3 years

-68.04%

-17.91%

-50.13%

Max Drawdown (5Y)

Largest decline over 5 years

-79.05%

-32.46%

-46.59%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.67%

—

Current Drawdown

Current decline from peak

-68.18%

0.00%

-68.18%

Average Drawdown

Average peak-to-trough decline

-46.24%

-9.11%

-37.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

41.96%

1.98%

+39.98%

Volatility

ETHX-U.TO vs. CIC.TO - Volatility Comparison

CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a higher volatility of 20.94% compared to CI Canadian Banks Covered Call Income Class ETF (CIC.TO) at 2.48%. This indicates that ETHX-U.TO's price experiences larger fluctuations and is considered to be riskier than CIC.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.TOCIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

20.94%

2.48%

+18.46%

Volatility (6M)

Calculated over the trailing 6-month period

46.21%

10.27%

+35.94%

Volatility (1Y)

Calculated over the trailing 1-year period

67.86%

12.05%

+55.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

71.03%

14.52%

+56.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

73.85%

17.71%

+56.14%

Dividends

ETHX-U.TO vs. CIC.TO - Dividend Comparison

ETHX-U.TO has not paid dividends to shareholders, while CIC.TO's dividend yield for the trailing twelve months is around 4.94%.

PositionTTM20252024202320222021202020192018201720162015
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		4.94%5.17%6.71%7.37%7.64%5.48%9.56%6.16%6.61%5.68%6.72%7.31%
ETHX-U.TO
CI Galaxy Ethereum ETF (US$ Series)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ETHX-U.TO and CIC.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ETHX-U.TO is categorized as Cryptocurrency, while CIC.TO is Financials Equities.

Portfolio Optimizer

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