DXP.TO vs. DCP.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and DCP.TO (Desjardins Canadian Preferred Share Index ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, DXP.TO returned 8.17%/yr vs 7.69%/yr for DCP.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
DXP.TO vs. DCP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXP.TO achieves a 5.93% return, which is significantly lower than DCP.TO's 6.27% return.
DXP.TO
- 1D
- 0.15%
- 1M
- 1.47%
- 6M
- 5.52%
- YTD
- 5.93%
- 1Y
- 12.77%
- 3Y*
- 18.66%
- 5Y*
- 8.17%
- 10Y*
- —
DCP.TO
- 1D
- 0.00%
- 1M
- 1.61%
- 6M
- 6.02%
- YTD
- 6.27%
- 1Y
- 13.39%
- 3Y*
- 18.67%
- 5Y*
- 7.69%
- 10Y*
- —
DXP.TO vs. DCP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 5.93% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 6.37% |
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.27% | 15.46% | 29.54% | 6.53% | -17.25% | 22.18% | 5.96% | 5.26% | -12.81% | 5.94% |
Correlation
The correlation between DXP.TO and DCP.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.24 |
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Return for Risk
DXP.TO vs. DCP.TO — Risk / Return Rank
DXP.TO
DCP.TO
DXP.TO vs. DCP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and Desjardins Canadian Preferred Share Index ETF (DCP.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.
| DXP.TO | DCP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.48 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 5.18 | +0.16 |
| Martin ratioReturn relative to average drawdown | 26.48 | 18.20 | +8.27 |
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Drawdowns
DXP.TO vs. DCP.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, smaller than the maximum DCP.TO drawdown of -43.09%. Use the drawdown chart below to compare losses from any high point for DXP.TO and DCP.TO.
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Drawdown Indicators
| DXP.TO | DCP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -43.09% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -2.60% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -8.89% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -22.68% | +2.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -6.86% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.74% | -0.26% |
Volatility
DXP.TO vs. DCP.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.69%, while Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a volatility of 1.34%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than DCP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXP.TO | DCP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 1.34% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 3.42% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 5.77% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.27% | 10.10% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 12.47% | -0.30% |
Dividends
DXP.TO vs. DCP.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.36%, less than DCP.TO's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 4.81% | 4.66% | 4.63% | 4.98% | 5.25% | 4.15% | 4.90% | 5.08% | 5.16% | 3.02% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.36% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% |
Frequently Asked Questions
DXP.TO and DCP.TO have a correlation of 0.21, 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 Desjardins.
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