FPR.TO vs. BTCX-B.TO
FPR.TO (CI Preferred Share ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - FPR.TO is a Preferred Stock fund actively managed by CI, while BTCX-B.TO is a Cryptocurrency fund tracking the No Index (Physical Bitcoin). FPR.TO is actively managed, while BTCX-B.TO is passively managed. Over the past 5 years, FPR.TO returned 7.41%/yr vs 11.20%/yr for BTCX-B.TO. Their 0.01 correlation means their historical movements had little consistent relationship. Both charge a 0.80% expense ratio.
Performance
FPR.TO vs. BTCX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FPR.TO achieves a 8.01% return, which is significantly higher than BTCX-B.TO's -26.95% return.
FPR.TO
- 1D
- 0.04%
- 1M
- 1.60%
- 6M
- 7.39%
- YTD
- 8.01%
- 1Y
- 14.42%
- 3Y*
- 17.20%
- 5Y*
- 7.41%
- 10Y*
- 7.38%
- ALL TIME*
- 7.69%
BTCX-B.TO
- 1D
- -2.81%
- 1M
- -0.23%
- 6M
- -17.61%
- YTD
- -26.95%
- 1Y
- -44.02%
- 3Y*
- 30.49%
- 5Y*
- 11.20%
- 10Y*
- —
- ALL TIME*
- 3.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$935.28K | CA$1.05M | CA$1.72M | |
FPR.TO CI Preferred Share ETF | CA$158.30 | CA$3.44K | CA$11.10K |
FPR.TO vs. BTCX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 8.01% | 16.63% | 23.27% | 3.44% | -13.72% | 12.56% |
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -26.95% | -11.32% | 139.01% | 149.40% | -62.06% | -18.60% |
Correlation
The correlation between FPR.TO and BTCX-B.TO is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.01 |
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Return for Risk
FPR.TO vs. BTCX-B.TO — Risk / Return Rank
FPR.TO
BTCX-B.TO
FPR.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.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.
| FPR.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.83 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | -0.87 | +6.06 |
| Martin ratioReturn relative to average drawdown | 18.72 | -1.31 | +20.03 |
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Drawdowns
FPR.TO vs. BTCX-B.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for FPR.TO and BTCX-B.TO.
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Drawdown Indicators
| FPR.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -75.26% | +39.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -52.71% | +49.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -52.71% | +45.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -75.26% | +54.95% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -49.98% | +49.65% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -33.43% | +28.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 35.25% | -34.49% |
Volatility
FPR.TO vs. BTCX-B.TO - Volatility Comparison
The current volatility for CI Preferred Share ETF (FPR.TO) is 1.62%, while CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a volatility of 8.27%. This indicates that FPR.TO experiences smaller price fluctuations and is considered to be less risky than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPR.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 8.27% | -6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 33.34% | -28.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 43.84% | -36.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 52.26% | -44.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 54.52% | -44.17% |
FPR.TO vs. BTCX-B.TO - Expense Ratio Comparison
Both FPR.TO and BTCX-B.TO have an expense ratio of 0.80%.
Dividends
FPR.TO vs. BTCX-B.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 3.96%, while BTCX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPR.TO CI Preferred Share ETF | 3.96% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% |
Frequently Asked Questions
FPR.TO and BTCX-B.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.80% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FPR.TO and BTCX-B.TO have the same expense ratio: 0.80% per year.
FPR.TO is categorized as Preferred Stock, while BTCX-B.TO is Cryptocurrency.
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