DXMO.TO vs. GRID

Last updated Jun 24, 2026

DXMO.TO (Dynamic Active Mining Opportunities ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - DXMO.TO is a Materials fund actively managed by Dynamic, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. DXMO.TO is actively managed, while GRID is passively managed. Over the past year, DXMO.TO returned 56.19% vs 46.75% for GRID. At a 0.39 correlation, their price movements are largely independent. DXMO.TO charges 0.74%/yr vs 0.70%/yr for GRID.

Performance

DXMO.TO vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Mining Opportunities ETF (DXMO.TO) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DXMO.TO is traded in CAD, while GRID is traded in USD. To make them comparable, the GRID values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DXMO.TO achieves a 4.35% return, which is significantly lower than GRID's 27.58% return.

DXMO.TO

• 1D: -4.50%
• 1M: -0.55%
• YTD: 4.35%
• 6M: 2.59%
• 1Y: 56.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRID

• 1D: -4.56%
• 1M: 0.76%
• YTD: 27.58%
• 6M: 25.75%
• 1Y: 46.75%
• 3Y*: 27.32%
• 5Y*: 19.96%
• 10Y*: 21.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXMO.TO vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXMO.TO Dynamic Active Mining Opportunities ETF	4.35%	86.60%	-9.21%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	27.58%	23.73%	6.34%

Correlation

The correlation between DXMO.TO and GRID is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Jul 4, 2024	0.39

The correlation between DXMO.TO and GRID shifts across timeframes, from 0.39 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DXMO.TO vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXMO.TO

DXMO.TO Risk / Return Rank: 46
DXMO.TO Sharpe Ratio Rank: 49
DXMO.TO Sortino Ratio Rank: 41
DXMO.TO Omega Ratio Rank: 45
DXMO.TO Calmar Ratio Rank: 50
DXMO.TO Martin Ratio Rank: 43

GRID

GRID Risk / Return Rank: 65
GRID Sharpe Ratio Rank: 63
GRID Sortino Ratio Rank: 57
GRID Omega Ratio Rank: 60
GRID Calmar Ratio Rank: 74
GRID Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXMO.TO vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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	GRID	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.18	-0.61
Sortino ratio: Return per unit of downside risk	1.98	2.85	-0.87
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	2.30	4.50	-2.20
Martin ratio: Return relative to average drawdown	6.42	15.04	-8.62

DXMO.TO vs. GRID - Sharpe Ratio Comparison

The current DXMO.TO Sharpe Ratio is 1.57, which is comparable to the GRID Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DXMO.TO and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXMO.TO vs. GRID - Drawdown Comparison

The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum GRID drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and GRID.

Drawdown Indicators

	DXMO.TO	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-35.98%	+9.86%
Max Drawdown (1Y) Largest decline over 1 year	-26.12%	-10.44%	-15.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.98%	—
Current Drawdown Current decline from peak	-16.37%	-4.56%	-11.81%
Average Drawdown Average peak-to-trough decline	-5.84%	-6.92%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.12%	3.12%	+6.00%

Volatility

DXMO.TO vs. GRID - Volatility Comparison

Dynamic Active Mining Opportunities ETF (DXMO.TO) has a higher volatility of 14.57% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 10.55%. This indicates that DXMO.TO's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXMO.TO	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.57%	10.55%	+4.02%
Volatility (6M) Calculated over the trailing 6-month period	31.98%	18.52%	+13.46%
Volatility (1Y) Calculated over the trailing 1-year period	38.30%	21.56%	+16.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.82%	22.07%	+17.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.82%	23.41%	+16.41%

DXMO.TO vs. GRID - Expense Ratio Comparison

DXMO.TO has a 0.74% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

DXMO.TO vs. GRID - Dividend Comparison

DXMO.TO has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.80%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%

Frequently Asked Questions

Can I hold both DXMO.TO and GRID in my portfolio?

DXMO.TO and GRID have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXMO.TO or GRID?

On fees, GRID is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXMO.TO or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.74% for DXMO.TO.

What is the main difference between DXMO.TO and GRID?

DXMO.TO is categorized as Materials, while GRID is Alternative Energy Equities. They also come from different issuers: Dynamic and First Trust. Their fees differ too: 0.74% for DXMO.TO and 0.70% for GRID.