GLXY.TO vs. COIN

Last updated Jun 5, 2026

GLXY.TO (Galaxy Digital Holdings Ltd.) and COIN (Coinbase Global, Inc.) are both stocks. Both are in the Financial Services sector — GLXY.TO in Capital Markets, COIN in Financial Data & Stock Exchanges. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

GLXY.TO vs. COIN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Galaxy Digital Holdings Ltd. (GLXY.TO) and Coinbase Global, Inc. (COIN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLXY.TO is traded in CAD, while COIN is traded in USD. To make them comparable, the COIN values have been converted to CAD using the latest available exchange rates.

Returns By Period

GLXY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIN

• 1D: 0.66%
• 1M: -15.23%
• YTD: -26.42%
• 6M: -40.31%
• 1Y: -34.80%
• 3Y*: 42.48%
• 5Y*: -3.73%
• 10Y*: —

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

GLXY.TO vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLXY.TO Galaxy Digital Holdings Ltd.	-8.04%	22.97%	141.92%	166.93%	-82.91%	-36.11%
COIN Coinbase Global, Inc.	-26.42%	-13.10%	55.03%	380.61%	-84.98%	-22.37%

Correlation

The correlation between GLXY.TO and COIN is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.61

The correlation between GLXY.TO and COIN has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

Fundamentals

EPS GLXY.TO : CA$1.16 COIN : $2.90
PE Ratio GLXY.TO : 24.42 COIN : 56.58
PEG Ratio GLXY.TO : 0.01 COIN : 0.04
PS Ratio GLXY.TO : 0.14 COIN : 7.79
Total Revenue (TTM) GLXY.TO : CA$57.33B COIN : $5.81B
Gross Profit (TTM) GLXY.TO : -CA$151.88M COIN : $4.65B
EBITDA (TTM) GLXY.TO : CA$194.57M COIN : $1.68B

Return for Risk

GLXY.TO vs. COIN — Risk / Return Rank

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

COIN

COIN Risk / Return Rank: 22
COIN Sharpe Ratio Rank: 19
COIN Sortino Ratio Rank: 22
COIN Omega Ratio Rank: 23
COIN Calmar Ratio Rank: 23
COIN Martin Ratio Rank: 24

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.

GLXY.TO vs. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd. (GLXY.TO) and Coinbase Global, Inc. (COIN). 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

	GLXY.TO	COIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.13	—

Drawdowns

Drawdown Indicators

	GLXY.TO	COIN	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-66.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-66.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.07%	—
Current Drawdown Current decline from peak	—	-60.35%	—
Average Drawdown Average peak-to-trough decline	—	-47.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	39.61%	—

Volatility

Volatility by Period

	GLXY.TO	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	69.41%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	84.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	83.69%	—

Dividends

GLXY.TO vs. COIN - Dividend Comparison

Neither GLXY.TO nor COIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

GLXY.TO vs. COIN - Profitability Comparison

The chart below illustrates the profitability comparison between Galaxy Digital Holdings Ltd. and Coinbase Global, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GLXY.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Galaxy Digital Holdings Ltd. reported a gross profit of -73.61M and revenue of 10.04B. Therefore, the gross margin over that period was -0.7%.

COIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a gross profit of 1.22B and revenue of 1.41B. Therefore, the gross margin over that period was 86.1%.

GLXY.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Galaxy Digital Holdings Ltd. reported an operating income of 66.72M and revenue of 10.04B, resulting in an operating margin of 0.7%.

COIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported an operating income of 35.15M and revenue of 1.41B, resulting in an operating margin of 2.5%.

GLXY.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Galaxy Digital Holdings Ltd. reported a net income of -216.31M and revenue of 10.04B, resulting in a net margin of -2.2%.

COIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a net income of -394.12M and revenue of 1.41B, resulting in a net margin of -27.9%.

Frequently Asked Questions

Can I hold both GLXY.TO and COIN in my portfolio?

GLXY.TO and COIN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.