ETHX-U.TO vs. EBIT.TO
ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and EBIT.TO (Evolve Bitcoin ETF CAD) are both Cryptocurrency funds. ETHX-U.TO is actively managed, while EBIT.TO is passively managed. Over the past 5 years, ETHX-U.TO returned -7.54%/yr vs 8.91%/yr for EBIT.TO. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
ETHX-U.TO vs. EBIT.TO - Performance Comparison
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Different Trading Currencies
ETHX-U.TO is traded in USD, while EBIT.TO is traded in CAD. To make them comparable, the EBIT.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 EBIT.TO's -33.80% 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*
- —
EBIT.TO
- 1D
- -3.01%
- 1M
- -20.34%
- YTD
- -33.80%
- 6M
- -34.07%
- 1Y
- -46.33%
- 3Y*
- 22.23%
- 5Y*
- 8.91%
- 10Y*
- —
ETHX-U.TO vs. EBIT.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% |
EBIT.TO Evolve Bitcoin ETF CAD | -33.80% | -7.67% | 116.28% | 152.50% | -64.61% | -19.97% |
Correlation
The correlation between ETHX-U.TO and EBIT.TO is 0.86, 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 | 0.86 |
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 | 0.80 |
The correlation between ETHX-U.TO and EBIT.TO has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
ETHX-U.TO vs. EBIT.TO — Risk / Return Rank
ETHX-U.TO
EBIT.TO
ETHX-U.TO vs. EBIT.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 CAD (EBIT.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.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| 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 | -1.46 | +0.56 |
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Drawdowns
ETHX-U.TO vs. EBIT.TO - Drawdown Comparison
The maximum ETHX-U.TO drawdown since its inception was -79.05%, roughly equal to the maximum EBIT.TO drawdown of -77.17%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and EBIT.TO.
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Drawdown Indicators
| ETHX-U.TO | EBIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.05% | -77.17% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -68.04% | -53.88% | -14.16% |
Max Drawdown (3Y)Largest decline over 3 years | -68.04% | -53.88% | -14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -79.05% | -77.17% | -1.88% |
Current DrawdownCurrent decline from peak | -68.18% | -53.88% | -14.30% |
Average DrawdownAverage peak-to-trough decline | -46.24% | -34.45% | -11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.96% | 31.84% | +10.12% |
Volatility
ETHX-U.TO vs. EBIT.TO - Volatility Comparison
CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) has a higher volatility of 20.94% compared to Evolve Bitcoin ETF CAD (EBIT.TO) at 13.70%. This indicates that ETHX-U.TO's price experiences larger fluctuations and is considered to be riskier than EBIT.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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 13.70% | +7.24% |
Volatility (6M)Calculated over the trailing 6-month period | 46.21% | 34.49% | +11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.86% | 43.77% | +24.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.03% | 53.31% | +17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.85% | 55.02% | +18.83% |
Dividends
ETHX-U.TO vs. EBIT.TO - Dividend Comparison
Neither ETHX-U.TO nor EBIT.TO has paid dividends to shareholders.
Frequently Asked Questions
ETHX-U.TO and EBIT.TO have a correlation of 0.86, 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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