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WXM.TO vs. BTCX-B.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WXM.TO vs. BTCX-B.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Morningstar Canada Momentum Index ETF (WXM.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO).

WXM.TO and BTCX-B.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WXM.TO is a passively managed fund by CI Global Asset Management that tracks the performance of the Morningstar Canada Target Momentum Index. It was launched on Feb 13, 2012. BTCX-B.TO is managed by CI Global Asset Management. It was launched on Mar 5, 2021.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Morningstar Canada Momentum Index ETF (WXM.TO) and CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)20252024202320222021
WXM.TO
CI Morningstar Canada Momentum Index ETF		8.73%38.16%33.93%3.35%-0.42%12.46%
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units		-21.60%-11.32%139.01%149.40%-62.06%-16.98%

Returns By Period

In the year-to-date period, WXM.TO achieves a 8.73% return, which is significantly higher than BTCX-B.TO's -21.60% return.

WXM.TO

1D
3.05%
1M
-4.45%
YTD
8.73%
6M
21.99%
1Y
47.64%
3Y*
25.75%
5Y*
18.27%
10Y*
14.63%

BTCX-B.TO

1D
2.00%
1M
5.44%
YTD
-21.60%
6M
-41.05%
1Y
-21.01%
3Y*
33.76%
5Y*
4.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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CI Morningstar Canada Momentum Index ETF

CI Galaxy Bitcoin ETF C$ Unhedged Series Units

Often compared with WXM.TO:
WXM.TO vs. FCCM.NEOWXM.TO vs. ZXM.TOWXM.TO vs. XCV.TOWXM.TO vs. ATSX.TOWXM.TO vs. VDY.TOWXM.TO vs. FCIM.NEOWXM.TO vs. VXM.TO
Often compared with BTCX-B.TO:
BTCX-B.TO vs. FBTCBTCX-B.TO vs. BTC-USDBTCX-B.TO vs. IBITBTCX-B.TO vs. GLXY.TOBTCX-B.TO vs. XEQT.TOBTCX-B.TO vs. STRKBTCX-B.TO vs. HXQ.TO

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

WXM.TO has a 0.65% expense ratio, which is lower than BTCX-B.TO's 0.80% expense ratio.

BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series Units
WXM.TO
CI Morningstar Canada Momentum Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WXM.TO
WXM.TO Risk / Return Rank: 9797
Overall Rank
WXM.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
WXM.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
WXM.TO Omega Ratio Rank: 9797
Omega Ratio Rank
WXM.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
WXM.TO Martin Ratio Rank: 9797
Martin Ratio Rank
BTCX-B.TO
BTCX-B.TO Risk / Return Rank: 55
Overall Rank
BTCX-B.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BTCX-B.TO Sortino Ratio Rank: 55
Sortino Ratio Rank
BTCX-B.TO Omega Ratio Rank: 55
Omega Ratio Rank
BTCX-B.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
BTCX-B.TO Martin Ratio Rank: 55
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Morningstar Canada Momentum Index ETF (WXM.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.

WXM.TOBTCX-B.TODifference

Sharpe ratio

Return per unit of total volatility

2.84

-0.47

+3.32

Sortino ratio

Return per unit of downside risk

3.56

-0.42

+3.98

Omega ratio

Gain probability vs. loss probability

1.54

0.95

+0.59

Calmar ratio

Return relative to maximum drawdown

4.38

-0.44

+4.82

Martin ratio

Return relative to average drawdown

19.78

-0.93

+20.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current WXM.TO Sharpe Ratio is 2.84, which is higher than the BTCX-B.TO Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of WXM.TO and BTCX-B.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WXM.TOBTCX-B.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.84

-0.47

+3.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.17

0.07

+1.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.10

+0.78

Correlation

The correlation between WXM.TO and BTCX-B.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

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

WXM.TO's dividend yield for the trailing twelve months is around 1.26%, while BTCX-B.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
WXM.TO
CI Morningstar Canada Momentum Index ETF		1.26%1.25%1.27%1.38%2.25%1.04%0.78%0.94%1.44%1.38%1.58%1.51%
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%

Drawdowns

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

The maximum WXM.TO drawdown since its inception was -40.45%, smaller than the maximum BTCX-B.TO drawdown of -75.26%. Use the drawdown chart below to compare losses from any high point for WXM.TO and BTCX-B.TO.

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Drawdown Indicators

WXM.TOBTCX-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.45%

-75.26%

+34.81%

Max Drawdown (1Y)

Largest decline over 1 year

-11.18%

-50.41%

+39.23%

Max Drawdown (5Y)

Largest decline over 5 years

-15.87%

-75.26%

+59.39%

Max Drawdown (10Y)

Largest decline over 10 years

-40.45%

—

—

Current Drawdown

Current decline from peak

-5.21%

-46.31%

+41.10%

Average Drawdown

Average peak-to-trough decline

-4.52%

-32.68%

+28.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

23.62%

-21.14%

Volatility

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

The current volatility for CI Morningstar Canada Momentum Index ETF (WXM.TO) is 6.24%, while CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX-B.TO) has a volatility of 13.00%. This indicates that WXM.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.

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Volatility by Period

WXM.TOBTCX-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

13.00%

-6.76%

Volatility (6M)

Calculated over the trailing 6-month period

12.62%

36.43%

-23.81%

Volatility (1Y)

Calculated over the trailing 1-year period

16.85%

44.77%

-27.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.74%

55.65%

-39.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.68%

55.58%

-38.90%