DXO.TO vs. CACB.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, DXO.TO returned 2.76%/yr vs 2.09%/yr for CACB.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
DXO.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXO.TO achieves a 1.76% return, which is significantly higher than CACB.TO's 1.59% return.
DXO.TO
- 1D
- -0.10%
- 1M
- -0.19%
- 6M
- 1.40%
- YTD
- 1.76%
- 1Y
- 5.58%
- 3Y*
- 7.17%
- 5Y*
- 2.76%
- 10Y*
- —
CACB.TO
- 1D
- 0.45%
- 1M
- -0.23%
- 6M
- 1.09%
- YTD
- 1.59%
- 1Y
- 5.09%
- 3Y*
- 6.45%
- 5Y*
- 2.09%
- 10Y*
- —
DXO.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.76% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.59% | 4.34% | 7.21% | 8.55% | -9.72% | -2.45% | 9.82% | 7.33% |
Correlation
The correlation between DXO.TO and CACB.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2019 | 0.24 |
The correlation between DXO.TO and CACB.TO shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXO.TO vs. CACB.TO — Risk / Return Rank
DXO.TO
CACB.TO
DXO.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.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.
| DXO.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.97 | +0.35 |
| Martin ratioReturn relative to average drawdown | 10.03 | 6.11 | +3.92 |
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Drawdowns
DXO.TO vs. CACB.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, which is greater than CACB.TO's maximum drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for DXO.TO and CACB.TO.
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Drawdown Indicators
| DXO.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -15.56% | -2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.59% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -3.36% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -14.52% | -1.39% |
Current DrawdownCurrent decline from peak | -0.61% | -0.52% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -3.83% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.83% | -0.27% |
Volatility
DXO.TO vs. CACB.TO - Volatility Comparison
The current volatility for Dynamic Active Crossover Bond ETF (DXO.TO) is 0.92%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.18%. This indicates that DXO.TO experiences smaller price fluctuations and is considered to be less risky than CACB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXO.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.18% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.90% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.72% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 5.66% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 6.16% | +1.57% |
Dividends
DXO.TO vs. CACB.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.32%, more than CACB.TO's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.44% | 4.46% | 4.24% | 3.59% | 3.11% | 2.78% | 2.41% | 2.45% | 0.00% | 0.00% |
DXO.TO Dynamic Active Crossover Bond ETF | 5.32% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
Frequently Asked Questions
DXO.TO and CACB.TO have a correlation of 0.39, 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 CIBC.
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