ETHX.TO vs. ETHY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.TO) and Purpose Ether Yield ETF - ETF Units (ETHY.TO).

ETHX.TO and ETHY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHX.TO is an actively managed fund by CI Global Asset Management. It was launched on Aug 22, 2025. ETHY.TO is an actively managed fund by Purpose Investments. It was launched on Dec 2, 2021.

Performance

ETHX.TO vs. ETHY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.TO) and Purpose Ether Yield ETF - ETF Units (ETHY.TO). The values are adjusted to include any dividend payments, if applicable.

ETHX.TO vs. ETHY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series	-29.89%	-36.30%
ETHY.TO Purpose Ether Yield ETF - ETF Units	-35.07%	-32.74%

Returns By Period

In the year-to-date period, ETHX.TO achieves a -29.89% return, which is significantly higher than ETHY.TO's -35.07% return.

ETHX.TO

• 1D: 3.89%
• 1M: 8.93%
• YTD: -29.89%
• 6M: -50.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHY.TO

• 1D: 4.52%
• 1M: 11.25%
• YTD: -35.07%
• 6M: -52.44%
• 1Y: -1.23%
• 3Y*: -1.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHX.TO vs. ETHY.TO - Expense Ratio Comparison

ETHX.TO

CI Galaxy Ethereum ETF CAD Hedged Series

Return for Risk

ETHX.TO vs. ETHY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHY.TO

ETHY.TO Risk / Return Rank: 14
ETHY.TO Sharpe Ratio Rank: 11
ETHY.TO Sortino Ratio Rank: 19
ETHY.TO Omega Ratio Rank: 17
ETHY.TO Calmar Ratio Rank: 11
ETHY.TO Martin Ratio Rank: 11

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.TO vs. ETHY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Ethereum ETF CAD Hedged Series (ETHX.TO) and Purpose Ether Yield ETF - ETF Units (ETHY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ETHX.TO	ETHY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	-0.33	-0.66

Correlation

The correlation between ETHX.TO and ETHY.TO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ETHX.TO vs. ETHY.TO - Dividend Comparison

ETHX.TO has not paid dividends to shareholders, while ETHY.TO's dividend yield for the trailing twelve months is around 33.33%.

	TTM	2025	2024	2023	2022	2021
ETHX.TO CI Galaxy Ethereum ETF CAD Hedged Series	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ETHY.TO Purpose Ether Yield ETF - ETF Units	33.33%	19.33%	21.43%	10.44%	26.10%	2.40%

Drawdowns

ETHX.TO vs. ETHY.TO - Drawdown Comparison

The maximum ETHX.TO drawdown since its inception was -61.24%, smaller than the maximum ETHY.TO drawdown of -76.84%. Use the drawdown chart below to compare losses from any high point for ETHX.TO and ETHY.TO.

Drawdown Indicators

	ETHX.TO	ETHY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-61.24%	-76.84%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-64.58%	—
Current Drawdown Current decline from peak	-55.98%	-64.58%	+8.60%
Average Drawdown Average peak-to-trough decline	-33.13%	-50.98%	+17.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.28%	—

Volatility

Volatility by Period

	ETHX.TO	ETHY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.71%	74.80%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.71%	65.91%	+9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.71%	65.91%	+9.80%