DLR.TO vs. C

Last updated Jul 14, 2026

DLR.TO (Global X U.S. Dollar Currency ETF) is Currency fund actively managed by Global X, while C (Citigroup Inc.) is a stock. Over the past 10 years, DLR.TO returned 2.47%/yr vs 16.73%/yr for C. At a correlation of -0.25, they often move in opposite directions.

Performance

DLR.TO vs. C - Performance Comparison

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

Different Trading Currencies

DLR.TO is traded in CAD, while C is traded in USD. To make them comparable, the C values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DLR.TO achieves a 4.60% return, which is significantly lower than C's 25.95% return. Over the past 10 years, DLR.TO has underperformed C with an annualized return of 2.47%, while C has yielded a comparatively higher 16.73% annualized return.

DLR.TO

• 1D: 0.07%
• 1M: 1.45%
• 6M: 3.41%
• YTD: 4.60%
• 1Y: 6.59%
• 3Y*: 5.96%
• 5Y*: 5.33%
• 10Y*: 2.47%

C

• 1D: -0.05%
• 1M: 2.00%
• 6M: 22.91%
• YTD: 25.95%
• 1Y: 72.08%
• 3Y*: 54.18%
• 5Y*: 22.65%
• 10Y*: 16.73%

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

DLR.TO vs. C - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLR.TO Global X U.S. Dollar Currency ETF	4.60%	-1.34%	12.85%	1.81%	8.33%	-0.93%	-2.21%	-3.68%	9.77%	-6.51%
C Citigroup Inc.	25.95%	62.60%	53.95%	16.15%	-17.16%	0.88%	-21.61%	51.32%	-22.47%	18.43%

Correlation

The correlation between DLR.TO and C is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.21
Correlation (5Y) Calculated over the trailing 5-year period	-0.34
Correlation (10Y) Calculated over the trailing 10-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011	-0.25

The correlation between DLR.TO and C shifts across timeframes, from -0.34 (5 years) to -0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DLR.TO vs. C — Risk / Return Rank

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

DLR.TO

DLR.TO Risk / Return Rank: 51
DLR.TO Sharpe Ratio Rank: 59
DLR.TO Sortino Ratio Rank: 58
DLR.TO Omega Ratio Rank: 60
DLR.TO Calmar Ratio Rank: 41
DLR.TO Martin Ratio Rank: 36

C

C Risk / Return Rank: 92
C Sharpe Ratio Rank: 94
C Sortino Ratio Rank: 92
C Omega Ratio Rank: 90
C Calmar Ratio Rank: 93
C Martin Ratio Rank: 93

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.

DLR.TO vs. C - Risk-Adjusted Trends Comparison

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

	DLR.TO	C	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.54	-0.97
Sortino ratio: Return per unit of downside risk	2.22	3.22	-1.00
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	1.68	4.79	-3.11
Martin ratio: Return relative to average drawdown	4.44	14.39	-9.96

DLR.TO vs. C - Sharpe Ratio Comparison

The current DLR.TO Sharpe Ratio is 1.56, which is lower than the C Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of DLR.TO and C, 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

DLR.TO vs. C - Drawdown Comparison

The maximum DLR.TO drawdown since its inception was -17.60%, smaller than the maximum C drawdown of -97.79%. Use the drawdown chart below to compare losses from any high point for DLR.TO and C.

Drawdown Indicators

	DLR.TO	C	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-97.79%	+80.19%
Max Drawdown (1Y) Largest decline over 1 year	-3.94%	-15.12%	+11.18%
Max Drawdown (3Y) Largest decline over 3 years	-5.77%	-31.83%	+26.06%
Max Drawdown (5Y) Largest decline over 5 years	-5.77%	-38.55%	+32.78%
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	-51.83%	+34.23%
Current Drawdown Current decline from peak	-0.37%	-54.36%	+53.99%
Average Drawdown Average peak-to-trough decline	-6.41%	-72.02%	+65.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	5.02%	-3.53%

Volatility

DLR.TO vs. C - Volatility Comparison

The current volatility for Global X U.S. Dollar Currency ETF (DLR.TO) is 1.05%, while Citigroup Inc. (C) has a volatility of 7.36%. This indicates that DLR.TO experiences smaller price fluctuations and is considered to be less risky than C based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLR.TO	C	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	7.36%	-6.31%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	23.33%	-20.22%
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	28.60%	-24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	29.53%	-23.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	33.39%	-26.82%

Dividends

DLR.TO vs. C - Dividend Comparison

DLR.TO's dividend yield for the trailing twelve months is around 3.88%, more than C's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
C Citigroup Inc.	1.71%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%
DLR.TO Global X U.S. Dollar Currency ETF	3.88%	3.33%	3.23%	4.98%	0.00%	0.00%	0.00%	0.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLR.TO and C in my portfolio?

DLR.TO and C have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.