DXMO.TO vs. DXP.TO
DXMO.TO (Dynamic Active Mining Opportunities ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both exchange-traded funds - DXMO.TO is a Materials fund actively managed by Dynamic, while DXP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Dynamic. Both are actively managed. Over the past year, DXMO.TO returned 56.19% vs 14.53% for DXP.TO. At a 0.15 correlation, their price movements are largely independent. DXMO.TO charges 0.74%/yr vs 0.64%/yr for DXP.TO.
Performance
DXMO.TO vs. DXP.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DXMO.TO having a 4.35% return and DXP.TO slightly higher at 4.44%.
DXMO.TO
- 1D
- -4.50%
- 1M
- -0.55%
- YTD
- 4.35%
- 6M
- 2.59%
- 1Y
- 56.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXP.TO
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 4.44%
- 6M
- 5.17%
- 1Y
- 14.53%
- 3Y*
- 17.89%
- 5Y*
- 8.00%
- 10Y*
- —
DXMO.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 4.35% | 86.60% | -9.21% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.44% | 17.64% | 8.59% |
Correlation
The correlation between DXMO.TO and DXP.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2024 | 0.15 |
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Return for Risk
DXMO.TO vs. DXP.TO — Risk / Return Rank
DXMO.TO
DXP.TO
DXMO.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and Dynamic Active Preferred Shares ETF (DXP.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 | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.74 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 6.07 | -3.78 |
| Martin ratioReturn relative to average drawdown | 6.42 | 30.11 | -23.69 |
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Drawdowns
DXMO.TO vs. DXP.TO - Drawdown Comparison
The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum DXP.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and DXP.TO.
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Drawdown Indicators
| DXMO.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -40.72% | +14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.12% | -2.40% | -23.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Current DrawdownCurrent decline from peak | -16.37% | -0.04% | -16.33% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.61% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 0.48% | +8.64% |
Volatility
DXMO.TO vs. DXP.TO - Volatility Comparison
Dynamic Active Mining Opportunities ETF (DXMO.TO) has a higher volatility of 14.57% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.94%. This indicates that DXMO.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXMO.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.57% | 0.94% | +13.63% |
Volatility (6M)Calculated over the trailing 6-month period | 31.98% | 2.55% | +29.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.30% | 4.02% | +34.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.82% | 9.28% | +30.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 12.22% | +27.60% |
DXMO.TO vs. DXP.TO - Expense Ratio Comparison
DXMO.TO has a 0.74% expense ratio, which is higher than DXP.TO's 0.64% expense ratio.
Dividends
DXMO.TO vs. DXP.TO - Dividend Comparison
DXMO.TO has not paid dividends to shareholders, while DXP.TO's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.40% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% |
Frequently Asked Questions
DXMO.TO and DXP.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXP.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXP.TO is cheaper with a 0.64% expense ratio, compared with 0.74% for DXMO.TO.
DXMO.TO is categorized as Materials, while DXP.TO is Preferred Stock/Convertible Bonds. Their fees differ too: 0.74% for DXMO.TO and 0.64% for DXP.TO.
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