DXC.TO vs. HCA.TO
DXC.TO (Dynamic Active Canadian Dividend ETF) and HCA.TO (Hamilton Canadian Bank Mean Reversion Index ETF) are both Canada Equities funds. DXC.TO is actively managed, while HCA.TO is passively managed. Over the past 5 years, DXC.TO returned 13.10%/yr vs 20.83%/yr for HCA.TO. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
DXC.TO vs. HCA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXC.TO achieves a 15.19% return, which is significantly lower than HCA.TO's 37.85% return.
DXC.TO
- 1D
- 0.38%
- 1M
- 2.40%
- 6M
- 13.57%
- YTD
- 15.19%
- 1Y
- 27.78%
- 3Y*
- 17.93%
- 5Y*
- 13.10%
- 10Y*
- —
HCA.TO
- 1D
- 1.32%
- 1M
- 8.11%
- 6M
- 37.03%
- YTD
- 37.85%
- 1Y
- 78.38%
- 3Y*
- 36.60%
- 5Y*
- 20.83%
- 10Y*
- —
DXC.TO vs. HCA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DXC.TO Dynamic Active Canadian Dividend ETF | 15.19% | 19.73% | 13.93% | 10.41% | -1.73% | 27.18% | 7.99% | 22.28% | -9.08% |
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF | 37.85% | 46.37% | 17.62% | 12.03% | -13.32% | 35.11% | 33.62% | 9.21% | -14.35% |
Correlation
The correlation between DXC.TO and HCA.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018 | 0.61 |
The correlation between DXC.TO and HCA.TO shifts across timeframes, from 0.59 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXC.TO vs. HCA.TO — Risk / Return Rank
DXC.TO
HCA.TO
DXC.TO vs. HCA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Canadian Dividend ETF (DXC.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.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.
| DXC.TO | HCA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 2.12 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 9.25 | -4.47 |
| Martin ratioReturn relative to average drawdown | 21.63 | 41.83 | -20.20 |
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Drawdowns
DXC.TO vs. HCA.TO - Drawdown Comparison
The maximum DXC.TO drawdown since its inception was -30.48%, smaller than the maximum HCA.TO drawdown of -37.89%. Use the drawdown chart below to compare losses from any high point for DXC.TO and HCA.TO.
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Drawdown Indicators
| DXC.TO | HCA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -37.89% | +7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -8.52% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -15.52% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -27.97% | +14.67% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -7.64% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.88% | -0.59% |
Volatility
DXC.TO vs. HCA.TO - Volatility Comparison
The current volatility for Dynamic Active Canadian Dividend ETF (DXC.TO) is 1.69%, while Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) has a volatility of 4.05%. This indicates that DXC.TO experiences smaller price fluctuations and is considered to be less risky than HCA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXC.TO | HCA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 4.05% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 11.50% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 13.54% | -4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 14.15% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 22.79% | -9.80% |
Dividends
DXC.TO vs. HCA.TO - Dividend Comparison
DXC.TO's dividend yield for the trailing twelve months is around 2.05%, less than HCA.TO's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXC.TO Dynamic Active Canadian Dividend ETF | 2.05% | 2.33% | 2.61% | 2.44% | 1.85% | 1.47% | 1.84% | 1.96% | 2.35% | 1.97% |
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF | 2.55% | 3.44% | 4.42% | 8.53% | 5.45% | 3.56% | 3.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXC.TO and HCA.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Dynamic and Hamilton.
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