DXBB.TO vs. DXP.TO
DXBB.TO (Dynamic Active Bond ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both exchange-traded funds - DXBB.TO is a Intermediate Core-Plus Bond fund actively managed by Dynamic, while DXP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Dynamic. Both are actively managed. Over the past year, DXBB.TO returned 4.58% vs 13.89% for DXP.TO. At a 0.14 correlation, their price movements are largely independent. DXBB.TO charges 0.33%/yr vs 0.64%/yr for DXP.TO.
Performance
DXBB.TO vs. DXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXBB.TO achieves a 2.40% return, which is significantly lower than DXP.TO's 4.31% return.
DXBB.TO
- 1D
- -0.10%
- 1M
- 0.81%
- YTD
- 2.40%
- 6M
- 2.24%
- 1Y
- 4.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXP.TO
- 1D
- -0.05%
- 1M
- -0.01%
- YTD
- 4.31%
- 6M
- 4.55%
- 1Y
- 13.89%
- 3Y*
- 18.07%
- 5Y*
- 7.95%
- 10Y*
- —
DXBB.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXBB.TO Dynamic Active Bond ETF | 2.40% | 2.85% | 1.20% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.31% | 17.64% | 4.67% |
Correlation
The correlation between DXBB.TO and DXP.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.14 |
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Return for Risk
DXBB.TO vs. DXP.TO — Risk / Return Rank
DXBB.TO
DXP.TO
DXBB.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Bond ETF (DXBB.TO) and Dynamic Active Preferred Shares ETF (DXP.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.
| DXBB.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.70 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 5.80 | -4.15 |
| Martin ratioReturn relative to average drawdown | 4.52 | 28.76 | -24.24 |
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Drawdowns
DXBB.TO vs. DXP.TO - Drawdown Comparison
The maximum DXBB.TO drawdown since its inception was -3.23%, smaller than the maximum DXP.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for DXBB.TO and DXP.TO.
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Drawdown Indicators
| DXBB.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.23% | -40.72% | +37.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.40% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.16% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -6.61% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.48% | +0.53% |
Volatility
DXBB.TO vs. DXP.TO - Volatility Comparison
Dynamic Active Bond ETF (DXBB.TO) has a higher volatility of 1.27% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.93%. This indicates that DXBB.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXBB.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.93% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.53% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.02% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 9.28% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 12.21% | -7.34% |
DXBB.TO vs. DXP.TO - Expense Ratio Comparison
DXBB.TO has a 0.33% expense ratio, which is lower than DXP.TO's 0.64% expense ratio.
Dividends
DXBB.TO vs. DXP.TO - Dividend Comparison
DXBB.TO's dividend yield for the trailing twelve months is around 4.23%, less than DXP.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXBB.TO Dynamic Active Bond ETF | 4.23% | 4.24% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.43% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% |
Frequently Asked Questions
DXBB.TO and DXP.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXBB.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXBB.TO is cheaper with a 0.33% expense ratio, compared with 0.64% for DXP.TO.
DXBB.TO is categorized as Intermediate Core-Plus Bond, while DXP.TO is Preferred Stock/Convertible Bonds. Their fees differ too: 0.33% for DXBB.TO and 0.64% for DXP.TO.
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