GLXY.TO vs. ETH-USD

Last updated Jun 5, 2026

GLXY.TO (Galaxy Digital Holdings Ltd.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. At a 0.29 correlation, their price movements are largely independent.

Performance

GLXY.TO vs. ETH-USD - Performance Comparison

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

Different Trading Currencies

GLXY.TO is traded in CAD, while ETH-USD is traded in USD. To make them comparable, the ETH-USD 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*: —

ETH-USD

• 1D: 0.00%
• 1M: -21.73%
• YTD: -38.19%
• 6M: -42.48%
• 1Y: -29.49%
• 3Y*: 1.10%
• 5Y*: -4.98%
• 10Y*: 63.68%

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

GLXY.TO vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLXY.TO Galaxy Digital Holdings Ltd.	-8.04%	22.97%	141.92%	166.93%	-82.91%	107.80%	928.30%	6.00%	-20.87%	-33.33%
ETH-USD Ethereum	-39.99%	-15.00%	58.59%	85.99%	-65.05%	393.79%	464.18%	-6.37%	-81.09%	8,440.83%

Correlation

The correlation between GLXY.TO and ETH-USD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Aug 8, 2015	0.29

The correlation between GLXY.TO and ETH-USD shifts across timeframes, from 0.29 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GLXY.TO vs. ETH-USD — Risk / Return Rank

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

ETH-USD

ETH-USD Risk / Return Rank: 68
ETH-USD Sharpe Ratio Rank: 65
ETH-USD Sortino Ratio Rank: 67
ETH-USD Omega Ratio Rank: 66
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 69

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. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd. (GLXY.TO) and Ethereum (ETH-USD). 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	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.77	—

Drawdowns

Drawdown Indicators

	GLXY.TO	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	—	-93.09%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-62.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-63.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-93.09%	—
Current Drawdown Current decline from peak	—	-62.32%	—
Average Drawdown Average peak-to-trough decline	—	-48.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	44.34%	—

Volatility

Volatility by Period

	GLXY.TO	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	55.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	57.88%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	77.41%	—

Frequently Asked Questions

Can I hold both GLXY.TO and ETH-USD in my portfolio?

GLXY.TO and ETH-USD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.