AOD vs. DX

Last updated Jul 21, 2026

AOD (Abrdn Total Dynamic Dividend Fund) and DX (Dynex Capital, Inc.) are both stocks. AOD operates in Asset Management (Financial Services), while DX operates in REIT - Mortgage (Real Estate). Over the past 10 years, AOD returned 13.17%/yr vs 7.71%/yr for DX. At a 0.37 correlation, their price movements are largely independent.

Performance

AOD vs. DX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abrdn Total Dynamic Dividend Fund (AOD) and Dynex Capital, Inc. (DX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOD achieves a 14.47% return, which is significantly higher than DX's 2.33% return. Over the past 10 years, AOD has outperformed DX with an annualized return of 13.17%, while DX has yielded a comparatively lower 7.71% annualized return.

AOD

• 1D: 0.38%
• 1M: 1.94%
• 6M: 12.51%
• YTD: 14.47%
• 1Y: 32.63%
• 3Y*: 20.65%
• 5Y*: 10.91%
• 10Y*: 13.17%
• ALL TIME*: 4.19%

DX

• 1D: -1.58%
• 1M: 1.78%
• 6M: -3.33%
• YTD: 2.33%
• 1Y: 22.32%
• 3Y*: 16.57%
• 5Y*: 6.74%
• 10Y*: 7.71%
• ALL TIME*: 8.26%

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

AOD vs. DX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOD Abrdn Total Dynamic Dividend Fund	14.47%	32.14%	16.03%	12.65%	-17.15%	23.80%	8.12%	34.83%	-17.63%	35.37%
DX Dynex Capital, Inc.	2.33%	29.48%	13.64%	11.91%	-15.39%	2.25%	17.09%	11.12%	-8.46%	13.80%

Correlation

The correlation between AOD and DX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 26, 2007	0.37

The correlation between AOD and DX shifts across timeframes, from 0.36 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AOD : $1.11B DX : $1.99B
EPS AOD : $3.44 DX : $2.43
PE Ratio AOD : 3.05 DX : 5.40
PS Ratio AOD : 4.39 DX : 2.65
PB Ratio AOD : 1.00 DX : 0.96
Total Revenue (TTM) AOD : $252.26M DX : $886.86M
Gross Profit (TTM) AOD : $242.14M DX : $677.89M
EBITDA (TTM) AOD : $284.87M DX : $771.29M

Return for Risk

AOD vs. DX — Risk / Return Rank

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

AOD

AOD Risk / Return Rank: 88
AOD Sharpe Ratio Rank: 92
AOD Sortino Ratio Rank: 90
AOD Omega Ratio Rank: 91
AOD Calmar Ratio Rank: 79
AOD Martin Ratio Rank: 88

DX

DX Risk / Return Rank: 77
DX Sharpe Ratio Rank: 82
DX Sortino Ratio Rank: 76
DX Omega Ratio Rank: 75
DX Calmar Ratio Rank: 73
DX Martin Ratio Rank: 77

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.

AOD vs. DX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Total Dynamic Dividend Fund (AOD) and Dynex Capital, Inc. (DX). 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.

	AOD	DX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.27	+0.77
Sortino ratio: Return per unit of downside risk	2.78	1.80	+0.98
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.15
Calmar ratio: Return relative to maximum drawdown	1.96	1.47	+0.49
Martin ratio: Return relative to average drawdown	8.39	4.28	+4.12

AOD vs. DX - Sharpe Ratio Comparison

The current AOD Sharpe Ratio is 2.04, which is higher than the DX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of AOD and DX, 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

AOD vs. DX - Drawdown Comparison

The maximum AOD drawdown since its inception was -72.26%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for AOD and DX.

Drawdown Indicators

	AOD	DX	Difference
Max Drawdown Largest peak-to-trough decline	-72.26%	-99.12%	+26.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.71%	-15.27%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-25.81%	+9.10%
Max Drawdown (5Y) Largest decline over 5 years	-28.92%	-33.44%	+4.52%
Max Drawdown (10Y) Largest decline over 10 years	-43.68%	-56.76%	+13.08%
Current Drawdown Current decline from peak	-0.94%	-29.96%	+29.02%
Average Drawdown Average peak-to-trough decline	-27.13%	-56.72%	+29.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	5.23%	-1.33%

Volatility

AOD vs. DX - Volatility Comparison

The current volatility for Abrdn Total Dynamic Dividend Fund (AOD) is 3.85%, while Dynex Capital, Inc. (DX) has a volatility of 4.77%. This indicates that AOD experiences smaller price fluctuations and is considered to be less risky than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOD	DX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.77%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	14.22%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	17.71%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	23.84%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.51%	29.91%	-11.40%

Dividends

AOD vs. DX - Dividend Comparison

AOD's dividend yield for the trailing twelve months is around 11.62%, less than DX's 15.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOD Abrdn Total Dynamic Dividend Fund	11.62%	12.00%	10.73%	8.56%	8.85%	6.75%	7.80%	7.71%	9.57%	7.29%	9.10%	8.93%
DX Dynex Capital, Inc.	15.55%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%

Financials

Frequently Asked Questions

Can I hold both AOD and DX in my portfolio?

AOD and DX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOD or DX?

DX has higher volatility (4.77%) compared to AOD (3.85%). In terms of maximum drawdown, AOD dropped -72.26% vs DX's -99.12%.

Which has better risk-adjusted returns?

AOD currently has the higher Sharpe Ratio (2.04 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.