DXC.TO vs. TCLV.TO
DXC.TO (Dynamic Active Canadian Dividend ETF) and TCLV.TO (TD Q Canadian Low Volatility ETF) are both Canada Equities funds. Both are actively managed. Over the past 5 years, DXC.TO returned 13.10%/yr vs 11.78%/yr for TCLV.TO. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
DXC.TO vs. TCLV.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 higher than TCLV.TO's 8.67% 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*
- —
TCLV.TO
- 1D
- 0.28%
- 1M
- 2.05%
- 6M
- 7.94%
- YTD
- 8.67%
- 1Y
- 17.36%
- 3Y*
- 17.09%
- 5Y*
- 11.78%
- 10Y*
- —
DXC.TO vs. TCLV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXC.TO Dynamic Active Canadian Dividend ETF | 15.19% | 19.73% | 13.93% | 10.41% | -1.73% | 27.18% | 15.01% |
TCLV.TO TD Q Canadian Low Volatility ETF | 8.67% | 24.55% | 17.71% | 2.95% | -0.91% | 23.83% | 7.27% |
Correlation
The correlation between DXC.TO and TCLV.TO is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.61 |
The correlation between DXC.TO and TCLV.TO has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
DXC.TO vs. TCLV.TO — Risk / Return Rank
DXC.TO
TCLV.TO
DXC.TO vs. TCLV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Canadian Dividend ETF (DXC.TO) and TD Q Canadian Low Volatility ETF (TCLV.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 | TCLV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.39 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 3.60 | +1.18 |
| Martin ratioReturn relative to average drawdown | 21.63 | 14.41 | +7.22 |
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Drawdowns
DXC.TO vs. TCLV.TO - Drawdown Comparison
The maximum DXC.TO drawdown since its inception was -30.48%, which is greater than TCLV.TO's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for DXC.TO and TCLV.TO.
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Drawdown Indicators
| DXC.TO | TCLV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -15.27% | -15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -4.84% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -9.15% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -15.27% | +1.97% |
Current DrawdownCurrent decline from peak | 0.00% | -0.25% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -3.02% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.21% | +0.08% |
Volatility
DXC.TO vs. TCLV.TO - Volatility Comparison
The current volatility for Dynamic Active Canadian Dividend ETF (DXC.TO) is 1.69%, while TD Q Canadian Low Volatility ETF (TCLV.TO) has a volatility of 2.64%. This indicates that DXC.TO experiences smaller price fluctuations and is considered to be less risky than TCLV.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 | TCLV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.64% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 6.70% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 8.24% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 9.70% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 9.76% | +3.23% |
Dividends
DXC.TO vs. TCLV.TO - Dividend Comparison
DXC.TO's dividend yield for the trailing twelve months is around 2.05%, more than TCLV.TO's 1.82% 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% |
TCLV.TO TD Q Canadian Low Volatility ETF | 1.82% | 1.88% | 2.68% | 3.15% | 2.84% | 2.64% | 1.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXC.TO and TCLV.TO have a correlation of 0.65, 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 TD.
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