DXP.TO vs. HYBR.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and HYBR.TO (Global X Active Hybrid Bond and Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, DXP.TO returned 7.96%/yr vs 8.09%/yr for HYBR.TO. At a 0.31 correlation, their price movements are largely independent. DXP.TO charges 0.64%/yr vs 0.65%/yr for HYBR.TO.
Performance
DXP.TO vs. HYBR.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DXP.TO having a 4.36% return and HYBR.TO slightly higher at 4.48%.
DXP.TO
- 1D
- -0.08%
- 1M
- 0.03%
- YTD
- 4.36%
- 6M
- 4.61%
- 1Y
- 14.21%
- 3Y*
- 17.86%
- 5Y*
- 7.96%
- 10Y*
- —
HYBR.TO
- 1D
- -0.36%
- 1M
- -1.28%
- YTD
- 4.48%
- 6M
- 5.57%
- 1Y
- 16.41%
- 3Y*
- 19.22%
- 5Y*
- 8.09%
- 10Y*
- 8.63%
DXP.TO vs. HYBR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.36% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 4.48% | 17.73% | 27.83% | 6.98% | -15.95% | 26.17% | 5.51% | 0.63% | -10.44% | 12.40% |
Correlation
The correlation between DXP.TO and HYBR.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.31 |
Over the past year, the correlation between DXP.TO and HYBR.TO has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
DXP.TO vs. HYBR.TO — Risk / Return Rank
DXP.TO
HYBR.TO
DXP.TO vs. HYBR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and Global X Active Hybrid Bond and Preferred Share ETF (HYBR.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 | HYBR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.46 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | 8.78 | -2.84 |
| Martin ratioReturn relative to average drawdown | 29.44 | 33.89 | -4.45 |
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Drawdowns
DXP.TO vs. HYBR.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, smaller than the maximum HYBR.TO drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for DXP.TO and HYBR.TO.
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Drawdown Indicators
| DXP.TO | HYBR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -46.65% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.88% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -7.27% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -22.06% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.65% | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.28% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -7.98% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.49% | -0.01% |
Volatility
DXP.TO vs. HYBR.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.94%, while Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) has a volatility of 1.45%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than HYBR.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 | HYBR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.45% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 4.39% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 6.74% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 10.46% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 13.78% | -1.57% |
DXP.TO vs. HYBR.TO - Expense Ratio Comparison
DXP.TO has a 0.64% expense ratio, which is lower than HYBR.TO's 0.65% expense ratio.
Dividends
DXP.TO vs. HYBR.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.41%, less than HYBR.TO's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.41% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 4.59% | 4.31% | 4.24% | 5.28% | 5.56% | 3.94% | 5.14% | 4.78% | 4.26% | 3.70% | 4.28% | 4.34% |
Frequently Asked Questions
DXP.TO and HYBR.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXP.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXP.TO is cheaper with a 0.64% expense ratio, compared with 0.65% for HYBR.TO.
They also come from different issuers: Dynamic and Global X. Their fees differ too: 0.64% for DXP.TO and 0.65% for HYBR.TO.
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