GLXY.TO vs. ETH-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Galaxy Digital Holdings Ltd. (GLXY.TO) and Ethereum (ETH-USD).

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.

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	-26.42%	-15.00%	58.59%	85.99%	-65.05%	393.79%	464.18%	-6.37%	-81.09%	8,440.83%

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

In the year-to-date period, GLXY.TO achieves a -8.04% return, which is significantly higher than ETH-USD's -26.42% return. Over the past 10 years, GLXY.TO has underperformed ETH-USD with an annualized return of 31.02%, while ETH-USD has yielded a comparatively higher 69.68% annualized return.

GLXY.TO

• 1D: 0.00%
• 1M: -4.85%
• YTD: -8.04%
• 6M: -43.40%
• 1Y: 73.06%
• 3Y*: 80.44%
• 5Y*: 0.12%
• 10Y*: 31.02%

ETH-USD

• 1D: 2.33%
• 1M: 8.05%
• YTD: -26.42%
• 6M: -50.59%
• 1Y: 9.93%
• 3Y*: 7.31%
• 5Y*: 2.21%
• 10Y*: 69.68%

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

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.

GLXY.TO

GLXY.TO Risk / Return Rank: 62
GLXY.TO Sharpe Ratio Rank: 62
GLXY.TO Sortino Ratio Rank: 65
GLXY.TO Omega Ratio Rank: 60
GLXY.TO Calmar Ratio Rank: 61
GLXY.TO Martin Ratio Rank: 60

ETH-USD

ETH-USD Risk / Return Rank: 79
ETH-USD Sharpe Ratio Rank: 85
ETH-USD Sortino Ratio Rank: 84
ETH-USD Omega Ratio Rank: 83
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 68

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.

	GLXY.TO	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.13	+0.48
Sortino ratio Return per unit of downside risk	1.42	0.75	+0.68
Omega ratio Gain probability vs. loss probability	1.16	1.08	+0.08
Calmar ratio Return relative to maximum drawdown	0.97	-0.82	+1.79
Martin ratio Return relative to average drawdown	2.07	-1.42	+3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLXY.TO vs. ETH-USD - Sharpe Ratio Comparison

The current GLXY.TO Sharpe Ratio is 0.61, which is higher than the ETH-USD Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of GLXY.TO and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLXY.TO	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.13	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.03	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.74	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.81	-0.92

Correlation

The correlation between GLXY.TO and ETH-USD is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

GLXY.TO vs. ETH-USD - Drawdown Comparison

The maximum GLXY.TO drawdown since its inception was -99.93%, which is greater than ETH-USD's maximum drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for GLXY.TO and ETH-USD.

Drawdown Indicators

	GLXY.TO	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-94.01%	-5.92%
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	-62.26%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-91.88%	-79.35%	-12.53%
Max Drawdown (10Y) Largest decline over 10 years	-91.88%	-94.01%	+2.13%
Current Drawdown Current decline from peak	-96.81%	-55.38%	-41.43%
Average Drawdown Average peak-to-trough decline	-93.29%	-50.81%	-42.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.86%	36.32%	-7.46%

Volatility

GLXY.TO vs. ETH-USD - Volatility Comparison

Galaxy Digital Holdings Ltd. (GLXY.TO) has a higher volatility of 29.63% compared to Ethereum (ETH-USD) at 18.04%. This indicates that GLXY.TO's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLXY.TO	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.63%	18.04%	+11.59%
Volatility (6M) Calculated over the trailing 6-month period	68.05%	51.88%	+16.17%
Volatility (1Y) Calculated over the trailing 1-year period	91.72%	61.96%	+29.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.42%	62.02%	+34.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.84%	78.40%	+38.44%