DXMO.TO vs. ZGD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Dynamic Active Mining Opportunities ETF (DXMO.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.TO).

DXMO.TO and ZGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXMO.TO is an actively managed fund by Dynamic. It was launched on Jul 2, 2024. ZGD.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Global Gold Index. It was launched on Nov 14, 2012.

Performance

DXMO.TO vs. ZGD.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 BMO Equal Weight Global Gold Index ETF (ZGD.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024
DXMO.TO Dynamic Active Mining Opportunities ETF	3.52%	88.43%	-9.23%
ZGD.TO BMO Equal Weight Global Gold Index ETF	11.73%	170.64%	10.15%

Returns By Period

In the year-to-date period, DXMO.TO achieves a 3.52% return, which is significantly lower than ZGD.TO's 11.73% return.

DXMO.TO

• 1D: 6.73%
• 1M: -15.48%
• YTD: 3.52%
• 6M: 16.91%
• 1Y: 70.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZGD.TO

• 1D: 7.87%
• 1M: -18.70%
• YTD: 11.73%
• 6M: 31.71%
• 1Y: 123.98%
• 3Y*: 57.32%
• 5Y*: 35.00%
• 10Y*: 21.57%

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

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

DXMO.TO has a 0.74% expense ratio, which is higher than ZGD.TO's 0.60% expense ratio.

DXMO.TO

Dynamic Active Mining Opportunities ETF

ZGD.TO

BMO Equal Weight Global Gold Index ETF

Return for Risk

DXMO.TO vs. ZGD.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: 87
DXMO.TO Sharpe Ratio Rank: 89
DXMO.TO Sortino Ratio Rank: 86
DXMO.TO Omega Ratio Rank: 86
DXMO.TO Calmar Ratio Rank: 87
DXMO.TO Martin Ratio Rank: 85

ZGD.TO

ZGD.TO Risk / Return Rank: 95
ZGD.TO Sharpe Ratio Rank: 97
ZGD.TO Sortino Ratio Rank: 94
ZGD.TO Omega Ratio Rank: 94
ZGD.TO Calmar Ratio Rank: 96
ZGD.TO Martin Ratio Rank: 95

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. ZGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.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.

	DXMO.TO	ZGD.TO	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.75	-0.80
Sortino ratio Return per unit of downside risk	2.33	2.86	-0.53
Omega ratio Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio Return relative to maximum drawdown	2.71	4.17	-1.45
Martin ratio Return relative to average drawdown	10.08	15.14	-5.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXMO.TO vs. ZGD.TO - Sharpe Ratio Comparison

The current DXMO.TO Sharpe Ratio is 1.95, which is comparable to the ZGD.TO Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of DXMO.TO and ZGD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXMO.TO	ZGD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.75	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.30	+0.85

Correlation

The correlation between DXMO.TO and ZGD.TO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DXMO.TO vs. ZGD.TO - Dividend Comparison

DXMO.TO's dividend yield for the trailing twelve months is around 0.17%, less than ZGD.TO's 0.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXMO.TO Dynamic Active Mining Opportunities ETF	0.17%	0.18%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZGD.TO BMO Equal Weight Global Gold Index ETF	0.20%	0.22%	0.59%	0.76%	0.77%	0.38%	0.16%	1.20%	0.00%	0.00%	0.32%	0.46%

Drawdowns

DXMO.TO vs. ZGD.TO - Drawdown Comparison

The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum ZGD.TO drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and ZGD.TO.

Drawdown Indicators

	DXMO.TO	ZGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-60.12%	+34.00%
Max Drawdown (1Y) Largest decline over 1 year	-26.12%	-30.15%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.72%	—
Current Drawdown Current decline from peak	-16.37%	-18.77%	+2.40%
Average Drawdown Average peak-to-trough decline	-5.19%	-28.47%	+23.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.03%	8.30%	-1.27%

Volatility

DXMO.TO vs. ZGD.TO - Volatility Comparison

The current volatility for Dynamic Active Mining Opportunities ETF (DXMO.TO) is 16.47%, while BMO Equal Weight Global Gold Index ETF (ZGD.TO) has a volatility of 18.29%. This indicates that DXMO.TO experiences smaller price fluctuations and is considered to be less risky than ZGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXMO.TO	ZGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.47%	18.29%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	30.33%	37.55%	-7.22%
Volatility (1Y) Calculated over the trailing 1-year period	36.47%	45.29%	-8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	35.83%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	37.54%	-3.52%