DXO.TO vs. CFRN.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and CFRN.TO (CIBC Active Investment Grade Floating Rate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, DXO.TO returned 2.78%/yr vs 3.42%/yr for CFRN.TO. At a correlation of -0.00, they often move in opposite directions.
Performance
DXO.TO vs. CFRN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXO.TO achieves a 1.86% return, which is significantly higher than CFRN.TO's 1.36% return.
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
CFRN.TO
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.31%
- YTD
- 1.36%
- 1Y
- 3.11%
- 3Y*
- 4.22%
- 5Y*
- 3.42%
- 10Y*
- —
DXO.TO vs. CFRN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% |
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 1.36% | 3.32% | 5.21% | 5.83% | 1.40% | 0.25% | 1.04% | 1.97% |
Correlation
The correlation between DXO.TO and CFRN.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | -0.00 |
The correlation between DXO.TO and CFRN.TO shifts across timeframes, from -0.01 (3 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXO.TO vs. CFRN.TO — Risk / Return Rank
DXO.TO
CFRN.TO
DXO.TO vs. CFRN.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 Floating Rate Bond ETF (CFRN.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 | CFRN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.57 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 6.91 | -4.54 |
| Martin ratioReturn relative to average drawdown | 10.24 | 33.05 | -22.80 |
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Drawdowns
DXO.TO vs. CFRN.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, which is greater than CFRN.TO's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for DXO.TO and CFRN.TO.
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Drawdown Indicators
| DXO.TO | CFRN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -1.00% | -16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -0.45% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -0.66% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -1.00% | -14.91% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -0.15% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.09% | +0.47% |
Volatility
DXO.TO vs. CFRN.TO - Volatility Comparison
Dynamic Active Crossover Bond ETF (DXO.TO) has a higher volatility of 0.97% compared to CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) at 0.21%. This indicates that DXO.TO's price experiences larger fluctuations and is considered to be riskier than CFRN.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 | CFRN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.21% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 0.83% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 1.34% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 2.10% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 1.78% | +5.96% |
Dividends
DXO.TO vs. CFRN.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.31%, more than CFRN.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 3.17% | 3.47% | 4.46% | 4.43% | 2.26% | 1.26% | 1.74% | 1.70% | 0.00% | 0.00% |
DXO.TO Dynamic Active Crossover Bond ETF | 5.31% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
Frequently Asked Questions
DXO.TO and CFRN.TO have a correlation of 0.12, 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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