SOLX.TO vs. CBCX.TO

Last updated Jun 4, 2026

SOLX.TO (CI Galaxy Solana ETF) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - SOLX.TO is a Cryptocurrency fund managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). At a 0.47 correlation, their price movements are largely independent.

Performance

SOLX.TO vs. CBCX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Galaxy Solana ETF (SOLX.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLX.TO achieves a -39.87% return, which is significantly lower than CBCX.TO's 18.36% return.

SOLX.TO

• 1D: -2.37%
• 1M: -9.51%
• YTD: -39.87%
• 6M: -49.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBCX.TO

• 1D: -1.13%
• 1M: 17.07%
• YTD: 18.36%
• 6M: 4.61%
• 1Y: 65.57%
• 3Y*: 59.59%
• 5Y*: —
• 10Y*: —

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

SOLX.TO vs. CBCX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SOLX.TO CI Galaxy Solana ETF	-39.87%	-40.28%
CBCX.TO CI Galaxy Blockchain Index ETF CAD	18.36%	0.64%

Correlation

The correlation between SOLX.TO and CBCX.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.47

Return for Risk

SOLX.TO vs. CBCX.TO — Risk / Return Rank

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

CBCX.TO

CBCX.TO Risk / Return Rank: 28
CBCX.TO Sharpe Ratio Rank: 31
CBCX.TO Sortino Ratio Rank: 33
CBCX.TO Omega Ratio Rank: 32
CBCX.TO Calmar Ratio Rank: 26
CBCX.TO Martin Ratio Rank: 20

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.

SOLX.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Solana ETF (SOLX.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOLX.TO	CBCX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	0.49	-1.51

Drawdowns

SOLX.TO vs. CBCX.TO - Drawdown Comparison

The maximum SOLX.TO drawdown since its inception was -70.44%, which is greater than CBCX.TO's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for SOLX.TO and CBCX.TO.

Drawdown Indicators

	SOLX.TO	CBCX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-55.21%	-15.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-55.21%	—
Current Drawdown Current decline from peak	-70.44%	-28.01%	-42.43%
Average Drawdown Average peak-to-trough decline	-47.74%	-23.79%	-23.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.19%	—

Volatility

Volatility by Period

	SOLX.TO	CBCX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.25%	61.37%	+11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.25%	62.67%	+10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.25%	62.67%	+10.58%

Dividends

SOLX.TO vs. CBCX.TO - Dividend Comparison

SOLX.TO has not paid dividends to shareholders, while CBCX.TO's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024	2023
CBCX.TO CI Galaxy Blockchain Index ETF CAD	0.08%	0.14%	0.13%	0.06%
SOLX.TO CI Galaxy Solana ETF	0.81%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLX.TO and CBCX.TO in my portfolio?

SOLX.TO and CBCX.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SOLX.TO and CBCX.TO?

SOLX.TO is categorized as Cryptocurrency, while CBCX.TO is Blockchain.