DXMO.TO vs. PICK
DXMO.TO (Dynamic Active Mining Opportunities ETF) and PICK (iShares MSCI Global Select Metals & Mining Producers ETF) are both Materials funds. DXMO.TO is actively managed, while PICK is passively managed. Over the past year, DXMO.TO returned 68.74% vs 90.55% for PICK. At a 0.49 correlation, their price movements are largely independent. DXMO.TO charges 0.74%/yr vs 0.39%/yr for PICK.
Performance
DXMO.TO vs. PICK - Performance Comparison
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Different Trading Currencies
DXMO.TO is traded in CAD, while PICK is traded in USD. To make them comparable, the PICK 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 11.64% return, which is significantly lower than PICK's 32.24% return.
DXMO.TO
- 1D
- -2.82%
- 1M
- 7.64%
- YTD
- 11.64%
- 6M
- 21.16%
- 1Y
- 68.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PICK
- 1D
- -2.34%
- 1M
- 13.49%
- YTD
- 32.24%
- 6M
- 38.31%
- 1Y
- 90.55%
- 3Y*
- 24.35%
- 5Y*
- 14.98%
- 10Y*
- 18.52%
DXMO.TO vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 11.64% | 88.43% | -9.23% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 32.24% | 44.93% | -10.98% |
Correlation
The correlation between DXMO.TO and PICK is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2024 | 0.49 |
The correlation between DXMO.TO and PICK shifts across timeframes, from 0.49 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXMO.TO vs. PICK — Risk / Return Rank
DXMO.TO
PICK
DXMO.TO vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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.
| DXMO.TO | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.54 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 4.72 | -2.08 |
| Martin ratioReturn relative to average drawdown | 8.17 | 20.03 | -11.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXMO.TO | PICK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 3.40 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.34 | +0.84 |
Drawdowns
DXMO.TO vs. PICK - Drawdown Comparison
The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum PICK drawdown of -55.30%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and PICK.
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Drawdown Indicators
| DXMO.TO | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -55.30% | +29.18% |
Max Drawdown (1Y)Largest decline over 1 year | -26.12% | -19.28% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.24% | — |
Current DrawdownCurrent decline from peak | -9.81% | -2.34% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -15.88% | +10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 4.54% | +3.90% |
Volatility
DXMO.TO vs. PICK - Volatility Comparison
Dynamic Active Mining Opportunities ETF (DXMO.TO) has a higher volatility of 13.29% compared to iShares MSCI Global Select Metals & Mining Producers ETF (PICK) at 10.91%. This indicates that DXMO.TO's price experiences larger fluctuations and is considered to be riskier than PICK 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 | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 10.91% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 29.44% | 23.10% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.05% | 26.76% | +9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.42% | 24.73% | +9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 25.38% | +9.04% |
DXMO.TO vs. PICK - Expense Ratio Comparison
DXMO.TO has a 0.74% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
DXMO.TO vs. PICK - Dividend Comparison
DXMO.TO's dividend yield for the trailing twelve months is around 0.16%, less than PICK's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 0.16% | 0.18% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 2.20% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
DXMO.TO and PICK have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PICK is cheaper with a 0.39% expense ratio, compared with 0.74% for DXMO.TO.
They also come from different issuers: Dynamic and iShares. Their fees differ too: 0.74% for DXMO.TO and 0.39% for PICK.
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