DXN.TO vs. ZGI.TO
DXN.TO (Dynamic Active Global Infrastructure ETF) and ZGI.TO (BMO Global Infrastructure Index ETF) are both Industrials Equities funds. DXN.TO is actively managed, while ZGI.TO is passively managed. Over the past 5 years, DXN.TO returned 9.42%/yr vs 10.65%/yr for ZGI.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
DXN.TO vs. ZGI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXN.TO achieves a 13.74% return, which is significantly lower than ZGI.TO's 17.33% return.
DXN.TO
- 1D
- 0.41%
- 1M
- 1.83%
- 6M
- 12.29%
- YTD
- 13.74%
- 1Y
- 19.11%
- 3Y*
- 13.79%
- 5Y*
- 9.42%
- 10Y*
- —
ZGI.TO
- 1D
- -1.04%
- 1M
- 1.47%
- 6M
- 15.40%
- YTD
- 17.33%
- 1Y
- 17.58%
- 3Y*
- 15.07%
- 5Y*
- 10.65%
- 10Y*
- 8.52%
DXN.TO vs. ZGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXN.TO Dynamic Active Global Infrastructure ETF | 13.74% | 15.33% | 15.13% | -0.89% | -1.00% | 10.60% | -7.54% |
ZGI.TO BMO Global Infrastructure Index ETF | 17.33% | 1.01% | 25.45% | -0.64% | 4.56% | 26.89% | -17.74% |
Correlation
The correlation between DXN.TO and ZGI.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.39 |
The correlation between DXN.TO and ZGI.TO shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXN.TO vs. ZGI.TO — Risk / Return Rank
DXN.TO
ZGI.TO
DXN.TO vs. ZGI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Global Infrastructure ETF (DXN.TO) and BMO Global Infrastructure Index ETF (ZGI.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.
| DXN.TO | ZGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.66 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.32 | 7.31 | +2.02 |
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Drawdowns
DXN.TO vs. ZGI.TO - Drawdown Comparison
The maximum DXN.TO drawdown since its inception was -34.85%, roughly equal to the maximum ZGI.TO drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for DXN.TO and ZGI.TO.
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Drawdown Indicators
| DXN.TO | ZGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.85% | -34.76% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.65% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -10.07% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -16.61% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.76% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.65% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -4.37% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.41% | -0.27% |
Volatility
DXN.TO vs. ZGI.TO - Volatility Comparison
The current volatility for Dynamic Active Global Infrastructure ETF (DXN.TO) is 2.92%, while BMO Global Infrastructure Index ETF (ZGI.TO) has a volatility of 4.39%. This indicates that DXN.TO experiences smaller price fluctuations and is considered to be less risky than ZGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXN.TO | ZGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 4.39% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 10.19% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 12.70% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 13.39% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 15.98% | +0.69% |
Dividends
DXN.TO vs. ZGI.TO - Dividend Comparison
DXN.TO's dividend yield for the trailing twelve months is around 1.98%, less than ZGI.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXN.TO Dynamic Active Global Infrastructure ETF | 1.98% | 2.10% | 3.26% | 2.30% | 1.21% | 0.91% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.25% | 2.77% | 2.82% | 3.33% | 3.01% | 3.06% | 3.75% | 2.85% | 2.99% | 2.59% | 2.60% | 2.97% |
Frequently Asked Questions
DXN.TO and ZGI.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Dynamic and BMO.
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