DXO.TO vs. DXW.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and DXW.TO (Dynamic Active International Dividend ETF) are both exchange-traded funds - DXO.TO is a Corporate Bonds fund actively managed by Dynamic, while DXW.TO is a International Equity fund actively managed by Dynamic. Both are actively managed. Over the past 5 years, DXO.TO returned 2.76%/yr vs 4.87%/yr for DXW.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
DXO.TO vs. DXW.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 lower than DXW.TO's 10.24% 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*
- —
DXW.TO
- 1D
- -0.32%
- 1M
- 1.76%
- 6M
- 5.31%
- YTD
- 10.24%
- 1Y
- 18.69%
- 3Y*
- 12.00%
- 5Y*
- 4.87%
- 10Y*
- —
DXO.TO vs. DXW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.76% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 7.72% |
DXW.TO Dynamic Active International Dividend ETF | 10.24% | 20.35% | 0.97% | 15.88% | -18.80% | 9.57% | 16.97% |
Correlation
The correlation between DXO.TO and DXW.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.20 |
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Return for Risk
DXO.TO vs. DXW.TO — Risk / Return Rank
DXO.TO
DXW.TO
DXO.TO vs. DXW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and Dynamic Active International Dividend ETF (DXW.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 | DXW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.82 | +0.50 |
| Martin ratioReturn relative to average drawdown | 10.03 | 6.16 | +3.87 |
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Drawdowns
DXO.TO vs. DXW.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, smaller than the maximum DXW.TO drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for DXO.TO and DXW.TO.
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Drawdown Indicators
| DXO.TO | DXW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -30.99% | +13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -10.23% | +7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -14.39% | +10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -30.99% | +15.08% |
Current DrawdownCurrent decline from peak | -0.61% | -1.36% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -7.52% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 3.02% | -2.46% |
Volatility
DXO.TO vs. DXW.TO - Volatility Comparison
The current volatility for Dynamic Active Crossover Bond ETF (DXO.TO) is 0.92%, while Dynamic Active International Dividend ETF (DXW.TO) has a volatility of 3.79%. This indicates that DXO.TO experiences smaller price fluctuations and is considered to be less risky than DXW.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 | DXW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.79% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 12.09% | -9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 14.39% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 14.41% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 16.82% | -9.09% |
Dividends
DXO.TO vs. DXW.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.32%, more than DXW.TO's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DXW.TO Dynamic Active International Dividend ETF | 1.58% | 2.38% | 2.21% | 1.94% | 2.36% | 1.35% | 0.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXO.TO and DXW.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXO.TO is categorized as Corporate Bonds, while DXW.TO is International Equity.
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