DLR.TO vs. SIE.DE
DLR.TO (Global X U.S. Dollar Currency ETF) is Currency fund actively managed by Global X, while SIE.DE (Siemens Aktiengesellschaft) is a stock. Over the past 10 years, DLR.TO returned 2.47%/yr vs 15.86%/yr for SIE.DE. At a correlation of -0.29, they often move in opposite directions.
Performance
DLR.TO vs. SIE.DE - Performance Comparison
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Different Trading Currencies
DLR.TO is traded in CAD, while SIE.DE is traded in EUR. To make them comparable, the SIE.DE 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 SIE.DE's 16.53% return. Over the past 10 years, DLR.TO has underperformed SIE.DE with an annualized return of 2.47%, while SIE.DE has yielded a comparatively higher 15.86% 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%
SIE.DE
- 1D
- -0.52%
- 1M
- 2.65%
- 6M
- 6.67%
- YTD
- 16.53%
- 1Y
- 25.83%
- 3Y*
- 28.62%
- 5Y*
- 20.33%
- 10Y*
- 15.86%
DLR.TO vs. SIE.DE - 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% |
SIE.DE Siemens Aktiengesellschaft | 16.53% | 39.25% | 17.15% | 35.86% | -12.52% | 22.45% | 12.42% | 16.91% | -10.70% | 9.02% |
Correlation
The correlation between DLR.TO and SIE.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011 | -0.29 |
The correlation between DLR.TO and SIE.DE shifts across timeframes, from -0.33 (5 years) to -0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DLR.TO vs. SIE.DE — Risk / Return Rank
DLR.TO
SIE.DE
DLR.TO vs. SIE.DE - 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 Siemens Aktiengesellschaft (SIE.DE). 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 | SIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.20 | +0.48 |
| Martin ratioReturn relative to average drawdown | 4.44 | 3.81 | +0.63 |
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Drawdowns
DLR.TO vs. SIE.DE - Drawdown Comparison
The maximum DLR.TO drawdown since its inception was -17.60%, smaller than the maximum SIE.DE drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for DLR.TO and SIE.DE.
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Drawdown Indicators
| DLR.TO | SIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.60% | -63.67% | +46.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -21.52% | +17.58% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -27.01% | +21.24% |
Max Drawdown (5Y)Largest decline over 5 years | -5.77% | -43.95% | +38.18% |
Max Drawdown (10Y)Largest decline over 10 years | -17.60% | -47.71% | +30.11% |
Current DrawdownCurrent decline from peak | -0.37% | -4.84% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -16.11% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 6.76% | -5.27% |
Volatility
DLR.TO vs. SIE.DE - Volatility Comparison
The current volatility for Global X U.S. Dollar Currency ETF (DLR.TO) is 1.05%, while Siemens Aktiengesellschaft (SIE.DE) has a volatility of 10.19%. This indicates that DLR.TO experiences smaller price fluctuations and is considered to be less risky than SIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLR.TO | SIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 10.19% | -9.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 27.58% | -24.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 33.90% | -29.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 32.81% | -26.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 29.68% | -23.11% |
Dividends
DLR.TO vs. SIE.DE - Dividend Comparison
DLR.TO's dividend yield for the trailing twelve months is around 3.88%, more than SIE.DE's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SIE.DE Siemens Aktiengesellschaft | 1.97% | 2.17% | 2.49% | 2.50% | 3.09% | 2.29% | 3.32% | 3.26% | 3.80% | 3.10% | 3.00% | 3.67% |
Frequently Asked Questions
DLR.TO and SIE.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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