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DIV.TO vs. TXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIV.TO vs. TXF.TO

Last updated Jun 25, 2026

DIV.TO (Diversified Royalty Corp.) is a stock, while TXF.TO (CI Tech Giants Covered Call Common) is Technology Equities fund actively managed by CI Investments. Over the past 10 years, DIV.TO returned 17.60%/yr vs 19.43%/yr for TXF.TO. At a 0.23 correlation, their price movements are largely independent.

Performance

DIV.TO vs. TXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Diversified Royalty Corp. (DIV.TO) and CI Tech Giants Covered Call Common (TXF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DIV.TO achieves a 35.45% return, which is significantly higher than TXF.TO's 23.56% return. Over the past 10 years, DIV.TO has underperformed TXF.TO with an annualized return of 17.60%, while TXF.TO has yielded a comparatively higher 19.43% annualized return.

DIV.TO

1D
-0.81%
1M
1.13%
YTD
35.45%
6M
35.45%
1Y
64.20%
3Y*
31.09%
5Y*
22.20%
10Y*
17.60%

TXF.TO

1D
-1.06%
1M
0.67%
YTD
23.56%
6M
21.88%
1Y
48.03%
3Y*
29.91%
5Y*
16.26%
10Y*
19.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIV.TO vs. TXF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DIV.TO
Diversified Royalty Corp.		35.45%38.85%16.22%-0.37%14.13%27.97%-16.24%19.42%-12.20%45.91%
TXF.TO
CI Tech Giants Covered Call Common		23.56%24.80%18.69%60.80%-35.54%26.82%32.50%26.56%-6.78%33.65%

Correlation

The correlation between DIV.TO and TXF.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2011

0.23

The correlation between DIV.TO and TXF.TO shifts across timeframes, from 0.23 (all time) to 0.34 (5 years), reflecting how their relationship changes across market environments.

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Diversified Royalty Corp.

CI Tech Giants Covered Call Common

Often compared with DIV.TO:
DIV.TO vs. BK.TODIV.TO vs. PZA.TODIV.TO vs. EIF.TODIV.TO vs. ZEB.TODIV.TO vs. MFCDIV.TO vs. 0QMG.LDIV.TO vs. FIE.TO
Often compared with TXF.TO:
TXF.TO vs. QQQY.TOTXF.TO vs. HDIV.TOTXF.TO vs. XEQT.TOTXF.TO vs. QQCL.TOTXF.TO vs. HXQ.TOTXF.TO vs. VFV.TOTXF.TO vs. HTAE.TO

Return for Risk

DIV.TO vs. TXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIV.TO
DIV.TO Risk / Return Rank: 9696
Overall Rank
DIV.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
DIV.TO Omega Ratio Rank: 9797
Omega Ratio Rank
DIV.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
DIV.TO Martin Ratio Rank: 9696
Martin Ratio Rank
TXF.TO
TXF.TO Risk / Return Rank: 7070
Overall Rank
TXF.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TXF.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
TXF.TO Omega Ratio Rank: 7070
Omega Ratio Rank
TXF.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
TXF.TO Martin Ratio Rank: 6868
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.

DIV.TO vs. TXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diversified Royalty Corp. (DIV.TO) and CI Tech Giants Covered Call Common (TXF.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.

DIV.TOTXF.TODifference
Sharpe ratioReturn per unit of total volatility
3.25
2.16

+1.10

Sortino ratioReturn per unit of downside risk
4.88
2.68

+2.20

Omega ratioGain probability vs. loss probability

1.61

1.37

+0.24

Calmar ratioReturn relative to maximum drawdown

6.50

3.13

+3.37

Martin ratioReturn relative to average drawdown

20.40

11.12

+9.28

DIV.TO vs. TXF.TO - Sharpe Ratio Comparison

The current DIV.TO Sharpe Ratio is 3.25, which is higher than the TXF.TO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of DIV.TO and TXF.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.

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Drawdowns

DIV.TO vs. TXF.TO - Drawdown Comparison

The maximum DIV.TO drawdown since its inception was -94.79%, which is greater than TXF.TO's maximum drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for DIV.TO and TXF.TO.

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Drawdown Indicators

DIV.TOTXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-94.79%

-41.23%

-53.56%

Max Drawdown (1Y)

Largest decline over 1 year

-9.93%

-15.43%

+5.50%

Max Drawdown (3Y)

Largest decline over 3 years

-17.80%

-27.38%

+9.58%

Max Drawdown (5Y)

Largest decline over 5 years

-25.32%

-41.23%

+15.91%

Max Drawdown (10Y)

Largest decline over 10 years

-64.32%

-41.23%

-23.09%

Current Drawdown

Current decline from peak

-1.22%

-6.22%

+5.00%

Average Drawdown

Average peak-to-trough decline

-30.38%

-6.17%

-24.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

4.33%

-1.17%

Volatility

DIV.TO vs. TXF.TO - Volatility Comparison

The current volatility for Diversified Royalty Corp. (DIV.TO) is 6.49%, while CI Tech Giants Covered Call Common (TXF.TO) has a volatility of 11.15%. This indicates that DIV.TO experiences smaller price fluctuations and is considered to be less risky than TXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIV.TOTXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.49%

11.15%

-4.66%

Volatility (6M)

Calculated over the trailing 6-month period

15.71%

19.04%

-3.33%

Volatility (1Y)

Calculated over the trailing 1-year period

19.84%

22.45%

-2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.62%

25.05%

-4.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.84%

23.74%

+4.10%

Dividends

DIV.TO vs. TXF.TO - Dividend Comparison

DIV.TO's dividend yield for the trailing twelve months is around 5.77%, less than TXF.TO's 9.19% yield.

PositionTTM20252024202320222021202020192018201720162015
DIV.TO
Diversified Royalty Corp.		5.77%7.08%8.56%8.82%7.48%7.30%8.79%7.11%7.86%6.43%8.66%8.22%
TXF.TO
CI Tech Giants Covered Call Common		9.19%10.59%9.75%7.48%14.13%7.77%11.01%7.29%9.29%4.89%6.16%6.15%

Frequently Asked Questions

DIV.TO and TXF.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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