DXF.TO vs. HEB.TO
DXF.TO (Dynamic Active Global Financial Services ETF) and HEB.TO (Hamilton Canadian Bank Equal-Weight Index ETF) are both Financials Equities funds. DXF.TO is actively managed, while HEB.TO is passively managed. Over the past 3 years, DXF.TO returned 22.24%/yr vs 37.23%/yr for HEB.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
DXF.TO vs. HEB.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 HEB.TO's 36.41% 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*
- —
HEB.TO
- 1D
- 1.55%
- 1M
- 9.01%
- 6M
- 35.26%
- YTD
- 36.41%
- 1Y
- 74.29%
- 3Y*
- 37.23%
- 5Y*
- —
- 10Y*
- —
DXF.TO vs. HEB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXF.TO Dynamic Active Global Financial Services ETF | 3.02% | 17.12% | 36.17% | 18.37% |
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF | 36.41% | 43.56% | 23.55% | 7.23% |
Correlation
The correlation between DXF.TO and HEB.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023 | 0.29 |
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Return for Risk
DXF.TO vs. HEB.TO — Risk / Return Rank
DXF.TO
HEB.TO
DXF.TO vs. HEB.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 Hamilton Canadian Bank Equal-Weight Index ETF (HEB.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 | HEB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.02 | ||
| Sortino ratioReturn per unit of downside risk | -6.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.96 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 8.52 | -8.14 |
| Martin ratioReturn relative to average drawdown | 0.94 | 38.00 | -37.06 |
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Drawdowns
DXF.TO vs. HEB.TO - Drawdown Comparison
The maximum DXF.TO drawdown since its inception was -35.27%, which is greater than HEB.TO's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for DXF.TO and HEB.TO.
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Drawdown Indicators
| DXF.TO | HEB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -14.77% | -20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -8.86% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -14.77% | +0.35% |
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% | -2.36% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 1.97% | +3.79% |
Volatility
DXF.TO vs. HEB.TO - Volatility Comparison
Dynamic Active Global Financial Services ETF (DXF.TO) has a higher volatility of 4.98% compared to Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) at 4.23%. This indicates that DXF.TO's price experiences larger fluctuations and is considered to be riskier than HEB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXF.TO | HEB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.23% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 11.92% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 13.83% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 13.13% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 13.13% | +9.22% |
Dividends
DXF.TO vs. HEB.TO - Dividend Comparison
DXF.TO's dividend yield for the trailing twelve months is around 1.10%, less than HEB.TO's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF | 2.10% | 2.93% | 4.24% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXF.TO and HEB.TO have a correlation of 0.25, 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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