SOLX.TO vs. VXM-B.TO

Last updated Jun 4, 2026

SOLX.TO (CI Galaxy Solana ETF) and VXM-B.TO (CI Morningstar International Value Index ETF (Unhedged)) are both exchange-traded funds - SOLX.TO is a Cryptocurrency fund managed by CI, while VXM-B.TO is a Foreign Small & Mid Cap Equities fund tracking the Morningstar Developed Markets ex-North America Target Value Index. At a correlation of -0.00, they often move in opposite directions. SOLX.TO charges 1.00%/yr vs 0.66%/yr for VXM-B.TO.

Performance

SOLX.TO vs. VXM-B.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 Morningstar International Value Index ETF (Unhedged) (VXM-B.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 VXM-B.TO's 10.02% return.

SOLX.TO

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

VXM-B.TO

• 1D: -0.14%
• 1M: 3.74%
• YTD: 10.02%
• 6M: 12.18%
• 1Y: 33.73%
• 3Y*: 28.33%
• 5Y*: 17.51%
• 10Y*: 11.90%

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

SOLX.TO vs. VXM-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SOLX.TO CI Galaxy Solana ETF	-39.87%	-40.28%
VXM-B.TO CI Morningstar International Value Index ETF (Unhedged)	10.02%	9.51%

Correlation

The correlation between SOLX.TO and VXM-B.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	-0.00

Return for Risk

SOLX.TO vs. VXM-B.TO — Risk / Return Rank

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

VXM-B.TO

VXM-B.TO Risk / Return Rank: 73
VXM-B.TO Sharpe Ratio Rank: 79
VXM-B.TO Sortino Ratio Rank: 75
VXM-B.TO Omega Ratio Rank: 77
VXM-B.TO Calmar Ratio Rank: 68
VXM-B.TO 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.

SOLX.TO vs. VXM-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Galaxy Solana ETF (SOLX.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.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	VXM-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	0.87	-1.89

Drawdowns

SOLX.TO vs. VXM-B.TO - Drawdown Comparison

The maximum SOLX.TO drawdown since its inception was -70.44%, which is greater than VXM-B.TO's maximum drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for SOLX.TO and VXM-B.TO.

Drawdown Indicators

	SOLX.TO	VXM-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-35.51%	-34.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.51%	—
Current Drawdown Current decline from peak	-70.44%	-2.87%	-67.57%
Average Drawdown Average peak-to-trough decline	-47.74%	-5.94%	-41.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.77%	—

Volatility

Volatility by Period

	SOLX.TO	VXM-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.25%	13.68%	+59.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.25%	18.04%	+55.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.25%	18.91%	+54.34%

SOLX.TO vs. VXM-B.TO - Expense Ratio Comparison

SOLX.TO has a 1.00% expense ratio, which is higher than VXM-B.TO's 0.66% expense ratio.

Dividends

SOLX.TO vs. VXM-B.TO - Dividend Comparison

SOLX.TO has not paid dividends to shareholders, while VXM-B.TO's dividend yield for the trailing twelve months is around 2.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOLX.TO CI Galaxy Solana ETF	0.81%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXM-B.TO CI Morningstar International Value Index ETF (Unhedged)	2.33%	2.21%	3.97%	3.66%	3.67%	2.05%	2.18%	1.59%	6.77%	1.52%	1.92%	2.16%

Frequently Asked Questions

Can I hold both SOLX.TO and VXM-B.TO in my portfolio?

SOLX.TO and VXM-B.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLX.TO or VXM-B.TO?

On fees, VXM-B.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLX.TO or VXM-B.TO?

VXM-B.TO is cheaper with a 0.66% expense ratio, compared with 1.00% for SOLX.TO.

What is the main difference between SOLX.TO and VXM-B.TO?

SOLX.TO is categorized as Cryptocurrency, while VXM-B.TO is Foreign Small & Mid Cap Equities. Their fees differ too: 1.00% for SOLX.TO and 0.66% for VXM-B.TO.