DLR.TO vs. GEV

Last updated Jul 14, 2026

DLR.TO (Global X U.S. Dollar Currency ETF) is Currency fund actively managed by Global X, while GEV (GE Vernova Inc.) is a stock. Over the past year, DLR.TO returned 6.59% vs 101.10% for GEV. At a correlation of -0.12, they often move in opposite directions.

Performance

DLR.TO vs. GEV - 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 GE Vernova Inc. (GEV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DLR.TO is traded in CAD, while GEV is traded in USD. To make them comparable, the GEV 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 GEV's 65.29% 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%

GEV

• 1D: -4.48%
• 1M: 12.41%
• 6M: 66.07%
• YTD: 65.29%
• 1Y: 101.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLR.TO vs. GEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DLR.TO Global X U.S. Dollar Currency ETF	4.60%	-1.34%	9.01%
GEV GE Vernova Inc.	65.29%	89.93%	202.44%

Correlation

The correlation between DLR.TO and GEV is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	-0.12

Return for Risk

DLR.TO vs. GEV — 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

GEV

GEV Risk / Return Rank: 89
GEV Sharpe Ratio Rank: 90
GEV Sortino Ratio Rank: 87
GEV Omega Ratio Rank: 85
GEV Calmar Ratio Rank: 91
GEV Martin Ratio Rank: 92

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. GEV - 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 GE Vernova Inc. (GEV). 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	GEV	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.95	-0.38
Sortino ratio: Return per unit of downside risk	2.22	2.67	-0.46
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	1.68	4.39	-2.71
Martin ratio: Return relative to average drawdown	4.44	12.62	-8.18

DLR.TO vs. GEV - Sharpe Ratio Comparison

The current DLR.TO Sharpe Ratio is 1.56, which is comparable to the GEV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of DLR.TO and GEV, 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. GEV - Drawdown Comparison

The maximum DLR.TO drawdown since its inception was -17.60%, smaller than the maximum GEV drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for DLR.TO and GEV.

Drawdown Indicators

	DLR.TO	GEV	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-39.32%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.94%	-23.14%	+19.20%
Max Drawdown (3Y) Largest decline over 3 years	-5.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	—	—
Current Drawdown Current decline from peak	-0.37%	-11.54%	+11.17%
Average Drawdown Average peak-to-trough decline	-6.41%	-6.91%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	8.04%	-6.55%

Volatility

DLR.TO vs. GEV - Volatility Comparison

The current volatility for Global X U.S. Dollar Currency ETF (DLR.TO) is 1.05%, while GE Vernova Inc. (GEV) has a volatility of 20.26%. This indicates that DLR.TO experiences smaller price fluctuations and is considered to be less risky than GEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLR.TO	GEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	20.26%	-19.21%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	36.35%	-33.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	52.26%	-48.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	54.47%	-48.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	54.47%	-47.90%

Dividends

DLR.TO vs. GEV - Dividend Comparison

DLR.TO's dividend yield for the trailing twelve months is around 3.88%, more than GEV's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
GEV GE Vernova Inc.	0.19%	0.11%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

DLR.TO and GEV 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.