ETHX-U.TO vs. ETHH.TO
ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and ETHH.TO (Purpose Ether ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 5 years, ETHX-U.TO returned -7.54%/yr vs -12.77%/yr for ETHH.TO. With a 0.98 correlation, they move nearly in lockstep.
Performance
ETHX-U.TO vs. ETHH.TO - Performance Comparison
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Different Trading Currencies
ETHX-U.TO is traded in USD, while ETHH.TO is traded in CAD. To make them comparable, the ETHH.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 higher than ETHH.TO's -50.11% 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*
- —
ETHH.TO
- 1D
- -4.06%
- 1M
- -24.51%
- YTD
- -50.11%
- 6M
- -49.64%
- 1Y
- -42.13%
- 3Y*
- -11.82%
- 5Y*
- -12.77%
- 10Y*
- —
ETHX-U.TO vs. ETHH.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% |
ETHH.TO Purpose Ether ETF | -50.11% | -10.28% | 28.03% | 95.82% | -71.00% | 55.57% |
Correlation
The correlation between ETHX-U.TO and ETHH.TO is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.98 |
The correlation between ETHX-U.TO and ETHH.TO has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
ETHX-U.TO vs. ETHH.TO — Risk / Return Rank
ETHX-U.TO
ETHH.TO
ETHX-U.TO vs. ETHH.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 Ether ETF (ETHH.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 | ETHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.93 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.61 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.00 | +0.10 |
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Drawdowns
ETHX-U.TO vs. ETHH.TO - Drawdown Comparison
The maximum ETHX-U.TO drawdown since its inception was -79.05%, roughly equal to the maximum ETHH.TO drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and ETHH.TO.
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Drawdown Indicators
| ETHX-U.TO | ETHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.05% | -80.17% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -68.04% | -69.69% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -68.04% | -69.69% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -79.05% | -80.17% | +1.12% |
Current DrawdownCurrent decline from peak | -68.18% | -75.83% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -46.24% | -52.91% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.96% | 42.25% | -0.29% |
Volatility
ETHX-U.TO vs. ETHH.TO - Volatility Comparison
CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) and Purpose Ether ETF (ETHH.TO) have volatilities of 20.94% and 20.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHX-U.TO | ETHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 20.03% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 46.21% | 46.54% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.86% | 67.87% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.03% | 70.49% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.85% | 73.19% | +0.66% |
Dividends
ETHX-U.TO vs. ETHH.TO - Dividend Comparison
Neither ETHX-U.TO nor ETHH.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ETHX-U.TO and ETHH.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: CI and Purpose Investments.
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