TXF.TO vs. BTCX-B.TO
TXF.TO (CI Tech Giants Covered Call Common) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - TXF.TO is a Technology Equities fund actively managed by CI, while BTCX-B.TO is a Cryptocurrency fund tracking the No Index (Physical Bitcoin). TXF.TO is actively managed, while BTCX-B.TO is passively managed. Over the past 5 years, TXF.TO returned 13.49%/yr vs 11.20%/yr for BTCX-B.TO. Their 0.34 correlation means their historical movements had little consistent relationship. TXF.TO charges 0.71%/yr vs 0.80%/yr for BTCX-B.TO.
Performance
TXF.TO vs. BTCX-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TXF.TO achieves a 14.26% return, which is significantly higher than BTCX-B.TO's -26.95% return.
TXF.TO
- 1D
- 0.61%
- 1M
- -7.56%
- 6M
- 11.76%
- YTD
- 14.26%
- 1Y
- 36.48%
- 3Y*
- 23.28%
- 5Y*
- 13.49%
- 10Y*
- 17.47%
- ALL TIME*
- 15.65%
BTCX-B.TO
- 1D
- -2.81%
- 1M
- -0.23%
- 6M
- -17.61%
- YTD
- -26.95%
- 1Y
- -44.02%
- 3Y*
- 30.49%
- 5Y*
- 11.20%
- 10Y*
- —
- ALL TIME*
- 3.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$935.28K | CA$1.05M | CA$1.72M | |
| CA$1.03M | CA$1.20M | CA$865.03K |
TXF.TO vs. BTCX-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TXF.TO CI Tech Giants Covered Call Common | 14.26% | 24.80% | 18.69% | 60.80% | -35.54% | 30.42% |
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | -26.95% | -11.32% | 139.01% | 149.40% | -62.06% | -18.60% |
Correlation
The correlation between TXF.TO and BTCX-B.TO is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.34 |
The correlation between TXF.TO and BTCX-B.TO shifts across timeframes, from 0.31 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TXF.TO vs. BTCX-B.TO — Risk / Return Rank
TXF.TO
BTCX-B.TO
TXF.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Tech Giants Covered Call Common (TXF.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-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.
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.
| TXF.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.83 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.87 | +2.74 |
| Martin ratioReturn relative to average drawdown | 6.35 | -1.31 | +7.66 |
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Drawdowns
TXF.TO vs. BTCX-B.TO - Drawdown Comparison
The maximum TXF.TO drawdown since its inception was -41.23%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for TXF.TO and BTCX-B.TO.
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Drawdown Indicators
| TXF.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.23% | -75.26% | +34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -52.71% | +34.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -52.71% | +25.33% |
Max Drawdown (5Y)Largest decline over 5 years | -41.23% | -75.26% | +34.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.23% | — | — |
Current DrawdownCurrent decline from peak | -13.27% | -49.98% | +36.71% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -33.43% | +27.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 35.25% | -29.89% |
Volatility
TXF.TO vs. BTCX-B.TO - Volatility Comparison
CI Tech Giants Covered Call Common (TXF.TO) has a higher volatility of 10.43% compared to CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) at 8.27%. This indicates that TXF.TO's price experiences larger fluctuations and is considered to be riskier than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXF.TO | BTCX-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 8.27% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.79% | 33.34% | -10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 43.84% | -17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.68% | 52.26% | -26.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 54.52% | -30.47% |
TXF.TO vs. BTCX-B.TO - Expense Ratio Comparison
TXF.TO has a 0.71% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.
Dividends
TXF.TO vs. BTCX-B.TO - Dividend Comparison
TXF.TO's dividend yield for the trailing twelve months is around 11.84%, while BTCX-B.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TXF.TO CI Tech Giants Covered Call Common | 11.84% | 10.59% | 9.75% | 7.48% | 14.13% | 7.77% | 11.01% | 7.29% | 9.29% | 4.89% | 6.16% | 6.15% |
Frequently Asked Questions
TXF.TO and BTCX-B.TO 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.
On fees, TXF.TO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TXF.TO is cheaper with a 0.71% expense ratio, compared with 0.80% for BTCX-B.TO.
TXF.TO is categorized as Technology Equities, while BTCX-B.TO is Cryptocurrency. Their fees differ too: 0.71% for TXF.TO and 0.80% for BTCX-B.TO.
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