CRCY.TO vs. DXQ.TO

Last updated Jun 4, 2026

CRCY.TO (Harvest Circle Enhanced High Income Shares ETF Class A Units) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent.

Performance

CRCY.TO vs. DXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRCY.TO achieves a 3.77% return, which is significantly lower than DXQ.TO's 6.80% return.

CRCY.TO

• 1D: -11.55%
• 1M: -21.98%
• YTD: 3.77%
• 6M: -5.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXQ.TO

• 1D: -0.70%
• 1M: 2.65%
• YTD: 6.80%
• 6M: 5.77%
• 1Y: 19.04%
• 3Y*: 17.27%
• 5Y*: —
• 10Y*: —

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

CRCY.TO vs. DXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	3.77%	-45.43%
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	6.80%	1.08%

Correlation

The correlation between CRCY.TO and DXQ.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.41

Return for Risk

CRCY.TO vs. DXQ.TO — Risk / Return Rank

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

DXQ.TO

DXQ.TO Risk / Return Rank: 65
DXQ.TO Sharpe Ratio Rank: 62
DXQ.TO Sortino Ratio Rank: 64
DXQ.TO Omega Ratio Rank: 66
DXQ.TO Calmar Ratio Rank: 75
DXQ.TO Martin Ratio Rank: 60

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.

CRCY.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCY.TO	DXQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	1.61	-2.13

Drawdowns

CRCY.TO vs. DXQ.TO - Drawdown Comparison

The maximum CRCY.TO drawdown since its inception was -73.84%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for CRCY.TO and DXQ.TO.

Drawdown Indicators

	CRCY.TO	DXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-15.54%	-58.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.54%	—
Current Drawdown Current decline from peak	-53.07%	-0.70%	-52.37%
Average Drawdown Average peak-to-trough decline	-45.97%	-1.27%	-44.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.82%	—

Volatility

Volatility by Period

	CRCY.TO	DXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	110.39%	9.21%	+101.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.39%	10.92%	+99.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.39%	10.92%	+99.47%

Dividends

CRCY.TO vs. DXQ.TO - Dividend Comparison

CRCY.TO's dividend yield for the trailing twelve months is around 44.81%, more than DXQ.TO's 7.77% yield.

Position	TTM	2025	2024	2023	2022
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	44.81%	17.09%	0.00%	0.00%	0.00%
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	7.77%	7.45%	5.74%	6.54%	1.83%

Frequently Asked Questions

Can I hold both CRCY.TO and DXQ.TO in my portfolio?

CRCY.TO and DXQ.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CRCY.TO and DXQ.TO?

They also come from different issuers: Harvest and Dynamic.