Dynamic Active Preferred Shares ETF (DXP.TO)

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Dynamic Active Preferred Shares ETF (DXP.TO) is up 4.2% since the beginning of the year. DXP.TO is currently trading at CA$26 per share. Investors who bought CA$1,000 worth of DXP.TO shares 5 years ago would now be looking at an investment worth CA$1,449.

Dynamic Active Preferred Shares ETF (DXP.TO) has returned 4.16% so far this year and 14.94% over the past 12 months.

Based on dividend-adjusted daily data since Jan 26, 2017, DXP.TO's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +10.3%, while the worst month was Mar 2020 at -20.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, DXP.TO closed higher 53% of trading days. The best single day was Mar 25, 2020 with a return of +12.8%, while the worst single day was Mar 16, 2020 at -10.0%.

Dynamic Active Preferred Shares ETF has an annualized alpha of 5.75%, beta of 0.21, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since January 30, 2017.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (43.69%) than losses (40.94%) - typical of diversified or defensive assets.
• Beta of 0.21 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DXP.TO has an expense ratio of 0.64%, placing it in the medium range.

DXP.TO ranks 96 for risk / return — in the top 96% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and compare them to S&P 500 Index.

Dynamic Active Preferred Shares ETF provided a 4.42% dividend yield over the last twelve months, with an annual payout of CA$1.17 per share. The fund has been increasing its distributions for 8 consecutive years.

The table displays the monthly dividend distributions for Dynamic Active Preferred Shares ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Dynamic Active Preferred Shares ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dynamic Active Preferred Shares ETF was 40.72%, occurring on Mar 23, 2020. Recovery took 217 trading sessions.

The current Dynamic Active Preferred Shares ETF drawdown is 0.26%.

The chart below shows the rolling one-month volatility.