DXO.TO vs. ZBBB.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and ZBBB.TO (BMO BBB Corporate Bond Index ETF) are both Corporate Bonds funds. DXO.TO is actively managed, while ZBBB.TO is passively managed. Over the past 5 years, DXO.TO returned 2.76%/yr vs 3.08%/yr for ZBBB.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
DXO.TO vs. ZBBB.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DXO.TO having a 1.76% return and ZBBB.TO slightly lower at 1.74%.
DXO.TO
- 1D
- -0.10%
- 1M
- -0.19%
- 6M
- 1.40%
- YTD
- 1.76%
- 1Y
- 5.58%
- 3Y*
- 7.17%
- 5Y*
- 2.76%
- 10Y*
- —
ZBBB.TO
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.15%
- YTD
- 1.74%
- 1Y
- 5.13%
- 3Y*
- 6.94%
- 5Y*
- 3.08%
- 10Y*
- —
DXO.TO vs. ZBBB.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% | 8.39% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 1.74% | 4.83% | 8.00% | 5.61% | -4.43% | -1.12% | 6.72% |
Correlation
The correlation between DXO.TO and ZBBB.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.15 |
Over the past year, DXO.TO and ZBBB.TO have become more correlated (0.37) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
DXO.TO vs. ZBBB.TO — Risk / Return Rank
DXO.TO
ZBBB.TO
DXO.TO vs. ZBBB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and BMO BBB Corporate Bond Index ETF (ZBBB.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 | ZBBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.40 | -0.08 |
| Martin ratioReturn relative to average drawdown | 10.03 | 6.77 | +3.26 |
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Drawdowns
DXO.TO vs. ZBBB.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, which is greater than ZBBB.TO's maximum drawdown of -11.55%. Use the drawdown chart below to compare losses from any high point for DXO.TO and ZBBB.TO.
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Drawdown Indicators
| DXO.TO | ZBBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -11.55% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.97% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -1.97% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -11.23% | -4.68% |
Current DrawdownCurrent decline from peak | -0.61% | 0.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -2.65% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.70% | -0.14% |
Volatility
DXO.TO vs. ZBBB.TO - Volatility Comparison
Dynamic Active Crossover Bond ETF (DXO.TO) has a higher volatility of 0.92% compared to BMO BBB Corporate Bond Index ETF (ZBBB.TO) at 0.66%. This indicates that DXO.TO's price experiences larger fluctuations and is considered to be riskier than ZBBB.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 | ZBBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.66% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 1.98% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.13% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 4.51% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 5.84% | +1.89% |
Dividends
DXO.TO vs. ZBBB.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.32%, more than ZBBB.TO's 3.18% 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% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 3.18% | 4.11% | 3.72% | 3.47% | 4.42% | 3.23% | 3.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXO.TO and ZBBB.TO have a correlation of 0.37, 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 BMO.
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