DXMO.TO vs. BASE.TO
DXMO.TO (Dynamic Active Mining Opportunities ETF) and BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) are both Materials funds. DXMO.TO is actively managed, while BASE.TO is passively managed. Over the past year, DXMO.TO returned 52.46% vs 43.62% for BASE.TO. A 0.59 correlation means they provide meaningful diversification when combined. DXMO.TO charges 0.74%/yr vs 0.00%/yr for BASE.TO.
Performance
DXMO.TO vs. BASE.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXMO.TO achieves a 1.09% return, which is significantly lower than BASE.TO's 17.88% return.
DXMO.TO
- 1D
- -3.13%
- 1M
- -8.54%
- YTD
- 1.09%
- 6M
- -0.14%
- 1Y
- 52.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BASE.TO
- 1D
- -2.19%
- 1M
- -7.24%
- YTD
- 17.88%
- 6M
- 15.10%
- 1Y
- 43.62%
- 3Y*
- 14.72%
- 5Y*
- 8.29%
- 10Y*
- —
DXMO.TO vs. BASE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 1.09% | 86.60% | -9.21% |
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 17.88% | 30.33% | -11.85% |
Correlation
The correlation between DXMO.TO and BASE.TO is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2024 | 0.59 |
The correlation between DXMO.TO and BASE.TO shifts across timeframes, from 0.59 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXMO.TO vs. BASE.TO — Risk / Return Rank
DXMO.TO
BASE.TO
DXMO.TO vs. BASE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.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.
| DXMO.TO | BASE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.80 | -0.65 |
| Martin ratioReturn relative to average drawdown | 5.94 | 11.29 | -5.35 |
Loading charts...
Drawdowns
DXMO.TO vs. BASE.TO - Drawdown Comparison
The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum BASE.TO drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and BASE.TO.
Loading charts...
Drawdown Indicators
| DXMO.TO | BASE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -33.43% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -26.12% | -15.68% | -10.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.43% | — |
Current DrawdownCurrent decline from peak | -18.99% | -10.04% | -8.95% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -9.26% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.19% | 3.88% | +5.31% |
Volatility
DXMO.TO vs. BASE.TO - Volatility Comparison
Dynamic Active Mining Opportunities ETF (DXMO.TO) has a higher volatility of 14.85% compared to Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) at 8.03%. This indicates that DXMO.TO's price experiences larger fluctuations and is considered to be riskier than BASE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXMO.TO | BASE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.85% | 8.03% | +6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 32.00% | 18.89% | +13.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.45% | 23.51% | +14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.86% | 23.12% | +16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.86% | 26.41% | +13.45% |
DXMO.TO vs. BASE.TO - Expense Ratio Comparison
DXMO.TO has a 0.74% expense ratio, which is higher than BASE.TO's 0.00% expense ratio.
Dividends
DXMO.TO vs. BASE.TO - Dividend Comparison
DXMO.TO has not paid dividends to shareholders, while BASE.TO's dividend yield for the trailing twelve months is around 8.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 8.64% | 9.55% | 11.20% | 8.80% | 8.96% | 5.95% | 4.67% | 2.88% |
DXMO.TO Dynamic Active Mining Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXMO.TO and BASE.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BASE.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.74% for DXMO.TO.
They also come from different issuers: Dynamic and Evolve. Their fees differ too: 0.74% for DXMO.TO and 0.00% for BASE.TO.
Find the right allocation for DXMO.TO and BASE.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer