ETHX-U.TO vs. EBIT-U.TO
ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and EBIT-U.TO (Evolve Bitcoin ETF USD) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-U.TO returned -1.43%/yr vs 12.92%/yr for EBIT-U.TO. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
ETHX-U.TO vs. EBIT-U.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHX-U.TO achieves a -37.95% return, which is significantly lower than EBIT-U.TO's -28.07% return.
ETHX-U.TO
- 1D
- -1.80%
- 1M
- 6.50%
- 6M
- -44.06%
- YTD
- -37.95%
- 1Y
- -46.22%
- 3Y*
- -1.46%
- 5Y*
- -1.43%
- 10Y*
- —
EBIT-U.TO
- 1D
- -0.04%
- 1M
- -0.09%
- 6M
- -32.97%
- YTD
- -28.07%
- 1Y
- -47.07%
- 3Y*
- 27.10%
- 5Y*
- 12.92%
- 10Y*
- —
ETHX-U.TO vs. EBIT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | -37.95% | -11.53% | 43.46% | 93.31% | -67.94% | 63.87% |
EBIT-U.TO Evolve Bitcoin ETF USD | -28.07% | -6.74% | 115.98% | 153.86% | -64.96% | -19.24% |
Correlation
The correlation between ETHX-U.TO and EBIT-U.TO is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.77 |
The correlation between ETHX-U.TO and EBIT-U.TO has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
ETHX-U.TO vs. EBIT-U.TO — Risk / Return Rank
ETHX-U.TO
EBIT-U.TO
ETHX-U.TO vs. EBIT-U.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 Evolve Bitcoin ETF USD (EBIT-U.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 | EBIT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.83 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.87 | +0.19 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.40 | +0.35 |
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Drawdowns
ETHX-U.TO vs. EBIT-U.TO - Drawdown Comparison
The maximum ETHX-U.TO drawdown since its inception was -79.05%, roughly equal to the maximum EBIT-U.TO drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and EBIT-U.TO.
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Drawdown Indicators
| ETHX-U.TO | EBIT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.05% | -77.55% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -68.04% | -54.37% | -13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -68.04% | -54.37% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -79.05% | -77.55% | -1.50% |
Current DrawdownCurrent decline from peak | -62.77% | -49.45% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -46.40% | -34.53% | -11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.16% | 33.64% | +10.52% |
Volatility
ETHX-U.TO vs. EBIT-U.TO - Volatility Comparison
CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a higher volatility of 14.99% compared to Evolve Bitcoin ETF USD (EBIT-U.TO) at 13.15%. This indicates that ETHX-U.TO's price experiences larger fluctuations and is considered to be riskier than EBIT-U.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 | EBIT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.99% | 13.15% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 46.75% | 37.70% | +9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.05% | 46.28% | +20.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.86% | 54.47% | +16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.71% | 55.97% | +17.74% |
Dividends
ETHX-U.TO vs. EBIT-U.TO - Dividend Comparison
Neither ETHX-U.TO nor EBIT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-U.TO and EBIT-U.TO have a correlation of 0.83, 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 Evolve.
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