DXMO.TO vs. XMA.TO
DXMO.TO (Dynamic Active Mining Opportunities ETF) and XMA.TO (iShares S&P/TSX Capped Materials Index ETF) are both Materials funds. DXMO.TO is actively managed, while XMA.TO is passively managed. Over the past year, DXMO.TO returned 52.46% vs 48.17% for XMA.TO. A 0.67 correlation means they provide meaningful diversification when combined. DXMO.TO charges 0.74%/yr vs 0.60%/yr for XMA.TO.
Performance
DXMO.TO vs. XMA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXMO.TO achieves a 1.09% return, which is significantly higher than XMA.TO's -4.09% return.
DXMO.TO
- 1D
- -3.13%
- 1M
- -8.54%
- YTD
- 1.09%
- 6M
- -0.14%
- 1Y
- 52.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMA.TO
- 1D
- -3.69%
- 1M
- -12.46%
- YTD
- -4.09%
- 6M
- -7.00%
- 1Y
- 48.17%
- 3Y*
- 32.30%
- 5Y*
- 18.99%
- 10Y*
- 12.32%
DXMO.TO vs. XMA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 1.09% | 86.60% | -9.21% |
XMA.TO iShares S&P/TSX Capped Materials Index ETF | -4.09% | 99.21% | 3.27% |
Correlation
The correlation between DXMO.TO and XMA.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2024 | 0.67 |
The correlation between DXMO.TO and XMA.TO shifts across timeframes, from 0.67 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXMO.TO vs. XMA.TO — Risk / Return Rank
DXMO.TO
XMA.TO
DXMO.TO vs. XMA.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 Capped Materials Index ETF (XMA.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 | XMA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.70 | +0.45 |
| Martin ratioReturn relative to average drawdown | 5.94 | 4.35 | +1.59 |
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Drawdowns
DXMO.TO vs. XMA.TO - Drawdown Comparison
The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum XMA.TO drawdown of -64.42%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and XMA.TO.
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Drawdown Indicators
| DXMO.TO | XMA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -64.42% | +38.30% |
Max Drawdown (1Y)Largest decline over 1 year | -26.12% | -28.51% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.06% | — |
Current DrawdownCurrent decline from peak | -18.99% | -27.58% | +8.59% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -27.10% | +21.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.19% | 11.10% | -1.91% |
Volatility
DXMO.TO vs. XMA.TO - Volatility Comparison
Dynamic Active Mining Opportunities ETF (DXMO.TO) and iShares S&P/TSX Capped Materials Index ETF (XMA.TO) have volatilities of 14.85% and 15.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXMO.TO | XMA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.85% | 15.42% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 32.00% | 33.53% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.45% | 39.62% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.86% | 28.20% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.86% | 26.89% | +12.97% |
DXMO.TO vs. XMA.TO - Expense Ratio Comparison
DXMO.TO has a 0.74% expense ratio, which is higher than XMA.TO's 0.60% expense ratio.
Dividends
DXMO.TO vs. XMA.TO - Dividend Comparison
DXMO.TO has not paid dividends to shareholders, while XMA.TO's dividend yield for the trailing twelve months is around 0.41%.
| 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% |
XMA.TO iShares S&P/TSX Capped Materials Index ETF | 0.41% | 0.41% | 0.83% | 1.26% | 1.24% | 0.87% | 0.63% | 0.64% | 0.75% | 0.47% | 0.82% | 1.87% |
Frequently Asked Questions
DXMO.TO and XMA.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMA.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMA.TO is cheaper with a 0.60% 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 0.60% for XMA.TO.
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