DXF.TO vs. BNKL.TO
DXF.TO (Dynamic Active Global Financial Services ETF) and BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) are both Financials Equities funds. DXF.TO is actively managed, while BNKL.TO is passively managed. Over the past 3 years, DXF.TO returned 22.24%/yr vs 46.65%/yr for BNKL.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
DXF.TO vs. BNKL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXF.TO achieves a 3.02% return, which is significantly lower than BNKL.TO's 45.84% return.
DXF.TO
- 1D
- 0.11%
- 1M
- 5.32%
- 6M
- 2.37%
- YTD
- 3.02%
- 1Y
- 6.55%
- 3Y*
- 22.24%
- 5Y*
- 9.90%
- 10Y*
- —
BNKL.TO
- 1D
- 2.72%
- 1M
- 11.25%
- 6M
- 44.80%
- YTD
- 45.84%
- 1Y
- 98.77%
- 3Y*
- 46.65%
- 5Y*
- —
- 10Y*
- —
DXF.TO vs. BNKL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXF.TO Dynamic Active Global Financial Services ETF | 3.02% | 17.12% | 36.17% | 12.81% |
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 45.84% | 55.98% | 29.92% | 7.40% |
Correlation
The correlation between DXF.TO and BNKL.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.35 |
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Return for Risk
DXF.TO vs. BNKL.TO — Risk / Return Rank
DXF.TO
BNKL.TO
DXF.TO vs. BNKL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Global Financial Services ETF (DXF.TO) and Global X Enhanced Equal Weight Banks Index ETF (BNKL.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.
| DXF.TO | BNKL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.74 | ||
| Sortino ratioReturn per unit of downside risk | -7.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 2.07 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 9.21 | -8.83 |
| Martin ratioReturn relative to average drawdown | 0.94 | 39.88 | -38.94 |
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Drawdowns
DXF.TO vs. BNKL.TO - Drawdown Comparison
The maximum DXF.TO drawdown since its inception was -35.27%, which is greater than BNKL.TO's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for DXF.TO and BNKL.TO.
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Drawdown Indicators
| DXF.TO | BNKL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -18.58% | -16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -10.79% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -18.58% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -29.06% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -2.96% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 2.49% | +3.27% |
Volatility
DXF.TO vs. BNKL.TO - Volatility Comparison
Dynamic Active Global Financial Services ETF (DXF.TO) and Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) have volatilities of 4.98% and 5.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXF.TO | BNKL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 5.21% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 13.69% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 16.06% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 15.86% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 15.86% | +6.49% |
Dividends
DXF.TO vs. BNKL.TO - Dividend Comparison
DXF.TO's dividend yield for the trailing twelve months is around 1.10%, less than BNKL.TO's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.51% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXF.TO Dynamic Active Global Financial Services ETF | 1.10% | 1.13% | 1.18% | 2.14% | 1.95% | 1.07% | 1.30% | 1.40% | 2.08% |
Frequently Asked Questions
DXF.TO and BNKL.TO have a correlation of 0.30, 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 Global X.
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