DXO.TO vs. RQP.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, DXO.TO returned 2.78%/yr vs 1.75%/yr for RQP.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
DXO.TO vs. RQP.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 RQP.TO's 1.35% 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*
- —
RQP.TO
- 1D
- 0.05%
- 1M
- 0.16%
- 6M
- 1.19%
- YTD
- 1.35%
- 1Y
- 3.41%
- 3Y*
- 5.72%
- 5Y*
- 1.75%
- 10Y*
- —
DXO.TO vs. RQP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 6.80% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
Correlation
The correlation between DXO.TO and RQP.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.25 |
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Return for Risk
DXO.TO vs. RQP.TO — Risk / Return Rank
DXO.TO
RQP.TO
DXO.TO vs. RQP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.66 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 5.24 | -2.87 |
| Martin ratioReturn relative to average drawdown | 10.24 | 27.52 | -17.28 |
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Drawdowns
DXO.TO vs. RQP.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, which is greater than RQP.TO's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for DXO.TO and RQP.TO.
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Drawdown Indicators
| DXO.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -13.88% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -0.65% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -1.46% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -12.93% | -2.98% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -4.13% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.12% | +0.44% |
Volatility
DXO.TO vs. RQP.TO - Volatility Comparison
Dynamic Active Crossover Bond ETF (DXO.TO) has a higher volatility of 0.97% compared to RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.33%. This indicates that DXO.TO's price experiences larger fluctuations and is considered to be riskier than RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.33% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 0.85% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 1.16% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.86% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 3.77% | +3.97% |
Dividends
DXO.TO vs. RQP.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.31%, more than RQP.TO's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXO.TO and RQP.TO have a correlation of 0.30, 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 RBC.
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