DXB.TO vs. DXQ.TO
DXB.TO (Dynamic Active Tactical Bond ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both exchange-traded funds - DXB.TO is a Tactical Allocation fund actively managed by Dynamic, while DXQ.TO is a Derivative Income fund actively managed by Dynamic. Both are actively managed. Over the past 3 years, DXB.TO returned 4.09%/yr vs 16.94%/yr for DXQ.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
DXB.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXB.TO achieves a 1.82% return, which is significantly lower than DXQ.TO's 8.37% return.
DXB.TO
- 1D
- 0.28%
- 1M
- -0.54%
- 6M
- 1.59%
- YTD
- 1.82%
- 1Y
- 5.50%
- 3Y*
- 4.09%
- 5Y*
- 0.58%
- 10Y*
- —
DXQ.TO
- 1D
- -0.39%
- 1M
- 0.65%
- 6M
- 6.27%
- YTD
- 8.37%
- 1Y
- 16.09%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
DXB.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DXB.TO Dynamic Active Tactical Bond ETF | 1.82% | 4.44% | 0.76% | 7.43% | 0.41% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 8.37% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between DXB.TO and DXQ.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.08 |
The correlation between DXB.TO and DXQ.TO shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXB.TO vs. DXQ.TO — Risk / Return Rank
DXB.TO
DXQ.TO
DXB.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Tactical Bond ETF (DXB.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.
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.
| DXB.TO | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.16 | -0.46 |
| Martin ratioReturn relative to average drawdown | 6.69 | 8.70 | -2.01 |
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Drawdowns
DXB.TO vs. DXQ.TO - Drawdown Comparison
The maximum DXB.TO drawdown since its inception was -17.90%, 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 DXB.TO and DXQ.TO.
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Drawdown Indicators
| DXB.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -15.54% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | -5.11% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -15.54% | +10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.95% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -1.25% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.85% | -1.03% |
Volatility
DXB.TO vs. DXQ.TO - Volatility Comparison
The current volatility for Dynamic Active Tactical Bond ETF (DXB.TO) is 1.16%, while Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a volatility of 2.47%. This indicates that DXB.TO experiences smaller price fluctuations and is considered to be less risky than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXB.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.47% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 7.57% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 9.29% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 10.86% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 10.86% | -4.07% |
Dividends
DXB.TO vs. DXQ.TO - Dividend Comparison
DXB.TO's dividend yield for the trailing twelve months is around 4.31%, less than DXQ.TO's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXB.TO Dynamic Active Tactical Bond ETF | 4.31% | 4.30% | 4.30% | 3.81% | 2.84% | 2.44% | 2.32% | 2.46% | 2.53% | 0.74% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.82% | 7.45% | 5.74% | 6.54% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXB.TO and DXQ.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXB.TO is categorized as Tactical Allocation, while DXQ.TO is Derivative Income.
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