BBD-B.TO vs. DLR.TO

Last updated Jul 25, 2026

BBD-B.TO (Bombardier Inc) is a stock, while DLR.TO (Global X U.S. Dollar Currency ETF) is Currency fund actively managed by Global X. Over the past 10 years, BBD-B.TO returned 22.16%/yr vs 2.24%/yr for DLR.TO. At a correlation of -0.16, they often move in opposite directions.

Performance

BBD-B.TO vs. DLR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bombardier Inc (BBD-B.TO) and Global X U.S. Dollar Currency ETF (DLR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBD-B.TO achieves a 56.85% return, which is significantly higher than DLR.TO's 4.23% return. Over the past 10 years, BBD-B.TO has outperformed DLR.TO with an annualized return of 22.16%, while DLR.TO has yielded a comparatively lower 2.24% annualized return.

BBD-B.TO

• 1D: 1.17%
• 1M: 15.83%
• 6M: 37.84%
• YTD: 56.85%
• 1Y: 128.22%
• 3Y*: 81.85%
• 5Y*: 58.17%
• 10Y*: 22.16%
• ALL TIME*: 7.71%

DLR.TO

• 1D: 0.14%
• 1M: -0.72%
• 6M: 4.31%
• YTD: 4.23%
• 1Y: 6.45%
• 3Y*: 5.94%
• 5Y*: 5.16%
• 10Y*: 2.24%
• ALL TIME*: 3.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBD-B.TO Bombardier Inc	CA$97.38M	CA$99.84M	CA$107.00M
DLR.TO Global X U.S. Dollar Currency ETF	CA$16.00M	CA$18.50M	CA$20.93M

BBD-B.TO vs. DLR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBD-B.TO Bombardier Inc	56.85%	138.87%	83.71%	1.80%	24.45%	250.00%	-75.13%	-4.93%	-33.00%	40.28%
DLR.TO Global X U.S. Dollar Currency ETF	4.23%	-1.34%	12.85%	1.81%	8.33%	-0.93%	-2.21%	-3.68%	9.77%	-6.51%

Correlation

The correlation between BBD-B.TO and DLR.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.19
Correlation (5Y) Calculated over the trailing 5-year period	-0.24
Correlation (10Y) Calculated over the trailing 10-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011	-0.16

The correlation between BBD-B.TO and DLR.TO shifts across timeframes, from -0.24 (5 years) to -0.09 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBD-B.TO vs. DLR.TO — Risk / Return Rank

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

BBD-B.TO

BBD-B.TO Risk / Return Rank: 96
BBD-B.TO Sharpe Ratio Rank: 96
BBD-B.TO Sortino Ratio Rank: 95
BBD-B.TO Omega Ratio Rank: 94
BBD-B.TO Calmar Ratio Rank: 97
BBD-B.TO Martin Ratio Rank: 97

DLR.TO

DLR.TO Risk / Return Rank: 57
DLR.TO Sharpe Ratio Rank: 66
DLR.TO Sortino Ratio Rank: 65
DLR.TO Omega Ratio Rank: 68
DLR.TO Calmar Ratio Rank: 46
DLR.TO Martin Ratio Rank: 40

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.

BBD-B.TO vs. DLR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bombardier Inc (BBD-B.TO) and Global X U.S. Dollar Currency ETF (DLR.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.

	BBD-B.TO	DLR.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.73	1.53	+1.21
Sortino ratio: Return per unit of downside risk	3.45	2.15	+1.29
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.14
Calmar ratio: Return relative to maximum drawdown	7.30	1.64	+5.65
Martin ratio: Return relative to average drawdown	19.69	4.31	+15.37

BBD-B.TO vs. DLR.TO - Sharpe Ratio Comparison

The current BBD-B.TO Sharpe Ratio is 2.73, which is higher than the DLR.TO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BBD-B.TO and DLR.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

BBD-B.TO vs. DLR.TO - Drawdown Comparison

The maximum BBD-B.TO drawdown since its inception was -96.85%, which is greater than DLR.TO's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for BBD-B.TO and DLR.TO.

Drawdown Indicators

	BBD-B.TO	DLR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.85%	-17.60%	-79.25%
Max Drawdown (1Y) Largest decline over 1 year	-17.67%	-3.94%	-13.73%
Max Drawdown (3Y) Largest decline over 3 years	-39.54%	-5.77%	-33.77%
Max Drawdown (5Y) Largest decline over 5 years	-66.64%	-5.77%	-60.87%
Max Drawdown (10Y) Largest decline over 10 years	-94.84%	-17.60%	-77.24%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-57.02%	-6.39%	-50.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	1.50%	+5.04%

Volatility

BBD-B.TO vs. DLR.TO - Volatility Comparison

Bombardier Inc (BBD-B.TO) has a higher volatility of 9.80% compared to Global X U.S. Dollar Currency ETF (DLR.TO) at 1.07%. This indicates that BBD-B.TO's price experiences larger fluctuations and is considered to be riskier than DLR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBD-B.TO	DLR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.80%	1.07%	+8.73%
Volatility (6M) Calculated over the trailing 6-month period	38.07%	3.13%	+34.94%
Volatility (1Y) Calculated over the trailing 1-year period	47.21%	4.26%	+42.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.99%	6.18%	+47.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.25%	6.56%	+53.69%

Dividends

BBD-B.TO vs. DLR.TO - Dividend Comparison

BBD-B.TO has not paid dividends to shareholders, while DLR.TO's dividend yield for the trailing twelve months is around 3.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBD-B.TO Bombardier Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DLR.TO Global X U.S. Dollar Currency ETF	3.89%	3.33%	3.23%	4.98%	0.00%	0.00%	0.00%	0.57%

Frequently Asked Questions

Can I hold both BBD-B.TO and DLR.TO in my portfolio?

BBD-B.TO and DLR.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.