GLXY vs. ETH-USD

Last updated Jul 14, 2026

GLXY (Galaxy Digital Holdings Ltd) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, GLXY returned 13.18% vs -39.99% for ETH-USD. At a 0.46 correlation, their price movements are largely independent.

Performance

GLXY vs. ETH-USD - Performance Comparison

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

Returns By Period

In the year-to-date period, GLXY achieves a 4.43% return, which is significantly higher than ETH-USD's -39.86% return.

GLXY

• 1D: -6.15%
• 1M: -30.01%
• 6M: -8.40%
• YTD: 4.43%
• 1Y: 13.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: -1.18%
• 1M: 6.19%
• 6M: -42.29%
• YTD: -39.86%
• 1Y: -39.99%
• 3Y*: -2.73%
• 5Y*: -2.20%
• 10Y*: 64.92%

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

GLXY vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025
GLXY Galaxy Digital Holdings Ltd	4.43%	-4.85%
ETH-USD Ethereum	-39.86%	16.40%

Correlation

The correlation between GLXY and ETH-USD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.46

Return for Risk

GLXY vs. ETH-USD — Risk / Return Rank

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

GLXY

GLXY Risk / Return Rank: 52
GLXY Sharpe Ratio Rank: 52
GLXY Sortino Ratio Rank: 56
GLXY Omega Ratio Rank: 54
GLXY Calmar Ratio Rank: 51
GLXY Martin Ratio Rank: 50

ETH-USD

ETH-USD Risk / Return Rank: 67
ETH-USD Sharpe Ratio Rank: 62
ETH-USD Sortino Ratio Rank: 64
ETH-USD Omega Ratio Rank: 64
ETH-USD Calmar Ratio Rank: 75
ETH-USD Martin Ratio Rank: 72

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 vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd (GLXY) 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.

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.

	GLXY	ETH-USD	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.60	+0.75
Sortino ratio: Return per unit of downside risk	0.87	-0.62	+1.49
Omega ratio: Gain probability vs. loss probability	1.10	0.94	+0.16
Calmar ratio: Return relative to maximum drawdown	0.22	-0.59	+0.81
Martin ratio: Return relative to average drawdown	0.38	-0.92	+1.31

GLXY vs. ETH-USD - Sharpe Ratio Comparison

The current GLXY Sharpe Ratio is 0.15, which is higher than the ETH-USD Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of GLXY and ETH-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLXY vs. ETH-USD - Drawdown Comparison

The maximum GLXY drawdown since its inception was -60.71%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for GLXY and ETH-USD.

Drawdown Indicators

	GLXY	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-60.71%	-94.01%	+33.30%
Max Drawdown (1Y) Largest decline over 1 year	-60.71%	-67.60%	+6.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-45.52%	-63.07%	+17.55%
Average Drawdown Average peak-to-trough decline	-28.32%	-51.00%	+22.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.40%	36.45%	-2.05%

Volatility

GLXY vs. ETH-USD - Volatility Comparison

Galaxy Digital Holdings Ltd (GLXY) has a higher volatility of 19.46% compared to Ethereum (ETH-USD) at 12.59%. This indicates that GLXY'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	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.46%	12.59%	+6.87%
Volatility (6M) Calculated over the trailing 6-month period	67.81%	46.69%	+21.12%
Volatility (1Y) Calculated over the trailing 1-year period	90.17%	55.16%	+35.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.33%	58.69%	+29.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.33%	76.79%	+11.54%

Frequently Asked Questions

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

GLXY and ETH-USD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLXY or ETH-USD?

GLXY has higher volatility (19.46%) compared to ETH-USD (12.59%). In terms of maximum drawdown, GLXY dropped -60.71% vs ETH-USD's -94.01%.

Which has better risk-adjusted returns?

GLXY currently has the higher Sharpe Ratio (0.15 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.