DXO.TO vs. XHB.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and XHB.TO (iShares Canadian HYBrid Corporate Bond Index ETF) are both Corporate Bonds funds. DXO.TO is actively managed, while XHB.TO is passively managed. Over the past 5 years, DXO.TO returned 2.78%/yr vs 2.88%/yr for XHB.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
DXO.TO vs. XHB.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 lower than XHB.TO's 2.00% 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*
- —
XHB.TO
- 1D
- 0.25%
- 1M
- -0.37%
- 6M
- 1.29%
- YTD
- 2.00%
- 1Y
- 5.70%
- 3Y*
- 7.13%
- 5Y*
- 2.88%
- 10Y*
- 3.76%
DXO.TO vs. XHB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% | -1.94% | 4.52% |
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 2.00% | 5.34% | 8.02% | 10.06% | -9.67% | 0.02% | 8.71% | 8.59% | 0.59% | 3.72% |
Correlation
The correlation between DXO.TO and XHB.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2017 | 0.22 |
Over the past year, DXO.TO and XHB.TO have become more correlated (0.44) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
DXO.TO vs. XHB.TO — Risk / Return Rank
DXO.TO
XHB.TO
DXO.TO vs. XHB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and iShares Canadian HYBrid Corporate Bond Index ETF (XHB.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 | XHB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.37 | 0.00 |
| Martin ratioReturn relative to average drawdown | 10.24 | 7.92 | +2.32 |
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Drawdowns
DXO.TO vs. XHB.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, smaller than the maximum XHB.TO drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for DXO.TO and XHB.TO.
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Drawdown Indicators
| DXO.TO | XHB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -26.50% | +8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.42% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -2.91% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -13.94% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.50% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -2.07% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.72% | -0.16% |
Volatility
DXO.TO vs. XHB.TO - Volatility Comparison
Dynamic Active Crossover Bond ETF (DXO.TO) has a higher volatility of 0.97% compared to iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) at 0.92%. This indicates that DXO.TO's price experiences larger fluctuations and is considered to be riskier than XHB.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 | XHB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.92% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.71% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.30% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 5.55% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 11.03% | -3.29% |
Dividends
DXO.TO vs. XHB.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.31%, more than XHB.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 4.55% | 4.48% | 4.36% | 4.23% | 4.24% | 3.51% | 3.53% | 3.81% | 4.07% | 4.08% | 4.35% | 4.78% |
Frequently Asked Questions
DXO.TO and XHB.TO have a correlation of 0.44, 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 iShares.
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