ETHX-U.TO vs. ETHY-U.TO
ETHX-U.TO (CI Galaxy Ethereum ETF (US$ Series)) and ETHY-U.TO (Purpose Ether Yield ETF USD Non-Currency Hedged Units) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHX-U.TO returned -1.46%/yr vs -12.97%/yr for ETHY-U.TO. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
ETHX-U.TO vs. ETHY-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 higher than ETHY-U.TO's -40.99% 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*
- —
ETHY-U.TO
- 1D
- 0.00%
- 1M
- 8.50%
- 6M
- -46.35%
- YTD
- -40.99%
- 1Y
- -48.04%
- 3Y*
- -12.97%
- 5Y*
- —
- 10Y*
- —
ETHX-U.TO vs. ETHY-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% | -9.15% |
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | -40.99% | -14.79% | 16.62% | 52.27% | -72.50% | -8.78% |
Correlation
The correlation between ETHX-U.TO and ETHY-U.TO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2021 | 0.65 |
The correlation between ETHX-U.TO and ETHY-U.TO shifts across timeframes, from 0.62 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHX-U.TO vs. ETHY-U.TO — Risk / Return Rank
ETHX-U.TO
ETHY-U.TO
ETHX-U.TO vs. ETHY-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 Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.67 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.08 | +0.03 |
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Drawdowns
ETHX-U.TO vs. ETHY-U.TO - Drawdown Comparison
The maximum ETHX-U.TO drawdown since its inception was -79.05%, roughly equal to the maximum ETHY-U.TO drawdown of -83.18%. Use the drawdown chart below to compare losses from any high point for ETHX-U.TO and ETHY-U.TO.
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Drawdown Indicators
| ETHX-U.TO | ETHY-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.05% | -83.18% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -68.04% | -70.87% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -68.04% | -70.87% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -79.05% | — | — |
Current DrawdownCurrent decline from peak | -62.77% | -78.20% | +15.43% |
Average DrawdownAverage peak-to-trough decline | -46.40% | -62.33% | +15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.16% | 44.07% | +0.09% |
Volatility
ETHX-U.TO vs. ETHY-U.TO - Volatility Comparison
The current volatility for CI Galaxy Ethereum ETF (US$ Series) (ETHX-U.TO) is 14.99%, while Purpose Ether Yield ETF USD Non-Currency Hedged Units (ETHY-U.TO) has a volatility of 31.16%. This indicates that ETHX-U.TO experiences smaller price fluctuations and is considered to be less risky than ETHY-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 | ETHY-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.99% | 31.16% | -16.17% |
Volatility (6M)Calculated over the trailing 6-month period | 46.75% | 62.44% | -15.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.05% | 78.07% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.86% | 68.86% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.71% | 68.86% | +4.85% |
Dividends
ETHX-U.TO vs. ETHY-U.TO - Dividend Comparison
ETHX-U.TO has not paid dividends to shareholders, while ETHY-U.TO's dividend yield for the trailing twelve months is around 40.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHX-U.TO CI Galaxy Ethereum ETF (US$ Series) | 0.00% | 0.00% | 0.00% |
ETHY-U.TO Purpose Ether Yield ETF USD Non-Currency Hedged Units | 40.75% | 18.89% | 3.10% |
Frequently Asked Questions
ETHX-U.TO and ETHY-U.TO have a correlation of 0.74, 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.
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