DXMO.TO vs. XETM.TO

Last updated Jun 24, 2026

DXMO.TO (Dynamic Active Mining Opportunities ETF) and XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) are both Materials funds. DXMO.TO is actively managed, while XETM.TO is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. DXMO.TO charges 0.74%/yr vs 0.59%/yr for XETM.TO.

Performance

DXMO.TO vs. XETM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Mining Opportunities ETF (DXMO.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DXMO.TO

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

XETM.TO

• 1D: -4.74%
• 1M: -2.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DXMO.TO vs. XETM.TO - Yearly Performance Comparison

	2026 (YTD)
DXMO.TO Dynamic Active Mining Opportunities ETF	-8.27%
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF	-4.36%

Correlation

The correlation between DXMO.TO and XETM.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.90

Return for Risk

DXMO.TO vs. XETM.TO — 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

XETM.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XETM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.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	XETM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	6.42	—	—

Drawdowns

DXMO.TO vs. XETM.TO - Drawdown Comparison

The maximum DXMO.TO drawdown since its inception was -26.12%, roughly equal to the maximum XETM.TO drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and XETM.TO.

Drawdown Indicators

	DXMO.TO	XETM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-25.13%	-0.99%
Max Drawdown (1Y) Largest decline over 1 year	-26.12%	—	—
Current Drawdown Current decline from peak	-16.37%	-14.50%	-1.87%
Average Drawdown Average peak-to-trough decline	-5.84%	-9.20%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.12%	—	—

Volatility

Volatility by Period

	DXMO.TO	XETM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.30%	50.11%	-11.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.82%	50.11%	-10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.82%	50.11%	-10.29%

DXMO.TO vs. XETM.TO - Expense Ratio Comparison

DXMO.TO has a 0.74% expense ratio, which is higher than XETM.TO's 0.59% expense ratio.

Dividends

DXMO.TO vs. XETM.TO - Dividend Comparison

Neither DXMO.TO nor XETM.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DXMO.TO and XETM.TO have a correlation of 0.90, 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 XETM.TO?

On fees, XETM.TO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXMO.TO or XETM.TO?

XETM.TO is cheaper with a 0.59% expense ratio, compared with 0.74% for DXMO.TO.

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

They also come from different issuers: Dynamic and iShares. Their fees differ too: 0.74% for DXMO.TO and 0.59% for XETM.TO.