VIU.TO vs. BTCX-B.TO

Last updated Jun 13, 2026

VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and BTCX-B.TO (CI Galaxy Bitcoin ETF C$ Unhedged Series Units) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while BTCX-B.TO is a Cryptocurrency fund managed by CI Global Asset Management. Over the past 5 years, VIU.TO returned 12.03%/yr vs 13.52%/yr for BTCX-B.TO. At a 0.28 correlation, their price movements are largely independent. VIU.TO charges 0.23%/yr vs 0.80%/yr for BTCX-B.TO.

Performance

VIU.TO vs. BTCX-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIU.TO achieves a 17.39% return, which is significantly higher than BTCX-B.TO's -26.21% return.

VIU.TO

• 1D: 0.58%
• 1M: 3.39%
• YTD: 17.39%
• 6M: 19.18%
• 1Y: 34.91%
• 3Y*: 20.42%
• 5Y*: 12.03%
• 10Y*: 11.21%

BTCX-B.TO

• 1D: 0.31%
• 1M: -20.55%
• YTD: -26.21%
• 6M: -28.69%
• 1Y: -38.22%
• 3Y*: 36.16%
• 5Y*: 13.52%
• 10Y*: —

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

VIU.TO vs. BTCX-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	17.39%	28.36%	10.73%	15.67%	-10.63%	8.23%
BTCX-B.TO CI Galaxy Bitcoin ETF C$ Unhedged Series Units	-26.21%	-11.32%	139.01%	149.40%	-62.06%	-18.60%

Correlation

The correlation between VIU.TO and BTCX-B.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.28

The correlation between VIU.TO and BTCX-B.TO shifts across timeframes, from 0.25 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VIU.TO vs. BTCX-B.TO — Risk / Return Rank

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

VIU.TO

VIU.TO Risk / Return Rank: 71
VIU.TO Sharpe Ratio Rank: 73
VIU.TO Sortino Ratio Rank: 73
VIU.TO Omega Ratio Rank: 75
VIU.TO Calmar Ratio Rank: 64
VIU.TO Martin Ratio Rank: 70

BTCX-B.TO

BTCX-B.TO Risk / Return Rank: 3
BTCX-B.TO Sharpe Ratio Rank: 2
BTCX-B.TO Sortino Ratio Rank: 3
BTCX-B.TO Omega Ratio Rank: 3
BTCX-B.TO Calmar Ratio Rank: 3
BTCX-B.TO Martin Ratio Rank: 3

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.

VIU.TO vs. BTCX-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.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.

	VIU.TO	BTCX-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	-0.91	+2.94
Sortino ratio: Return per unit of downside risk	2.81	-1.28	+4.09
Omega ratio: Gain probability vs. loss probability	1.38	0.86	+0.53
Calmar ratio: Return relative to maximum drawdown	2.82	-0.76	+3.57
Martin ratio: Return relative to average drawdown	11.26	-1.30	+12.56

VIU.TO vs. BTCX-B.TO - Sharpe Ratio Comparison

The current VIU.TO Sharpe Ratio is 2.03, which is higher than the BTCX-B.TO Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of VIU.TO and BTCX-B.TO, 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

VIU.TO vs. BTCX-B.TO - Drawdown Comparison

The maximum VIU.TO drawdown since its inception was -29.15%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for VIU.TO and BTCX-B.TO.

Drawdown Indicators

	VIU.TO	BTCX-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.15%	-75.26%	+46.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-52.20%	+40.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.26%	-52.20%	+37.94%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-75.26%	+49.92%
Max Drawdown (10Y) Largest decline over 10 years	-29.15%	—	—
Current Drawdown Current decline from peak	0.00%	-49.47%	+49.47%
Average Drawdown Average peak-to-trough decline	-5.32%	-33.02%	+27.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	30.26%	-27.32%

Volatility

VIU.TO vs. BTCX-B.TO - Volatility Comparison

The current volatility for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) is 6.89%, while CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a volatility of 12.13%. This indicates that VIU.TO experiences smaller price fluctuations and is considered to be less risky than BTCX-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIU.TO	BTCX-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	12.13%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	14.19%	33.85%	-19.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.29%	43.22%	-26.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	53.90%	-39.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	54.95%	-39.76%

VIU.TO vs. BTCX-B.TO - Expense Ratio Comparison

VIU.TO has a 0.23% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.

Dividends

VIU.TO vs. BTCX-B.TO - Dividend Comparison

VIU.TO's dividend yield for the trailing twelve months is around 2.15%, 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%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	2.15%	2.48%	2.56%	2.66%	2.76%	2.38%	1.98%	2.68%	2.76%	2.13%	1.72%	0.28%

Frequently Asked Questions

Can I hold both VIU.TO and BTCX-B.TO in my portfolio?

VIU.TO and BTCX-B.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VIU.TO or BTCX-B.TO?

On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VIU.TO or BTCX-B.TO?

VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.80% for BTCX-B.TO.

What is the main difference between VIU.TO and BTCX-B.TO?

VIU.TO is categorized as International Equity, while BTCX-B.TO is Cryptocurrency. They also come from different issuers: Vanguard and CI Global Asset Management. Their fees differ too: 0.23% for VIU.TO and 0.80% for BTCX-B.TO.