DXP.TO vs. X.TO
DXP.TO (Dynamic Active Preferred Shares ETF) is Preferred Stock/Convertible Bonds fund actively managed by Dynamic, while X.TO (TMX Group Limited) is a stock. Over the past 5 years, DXP.TO returned 8.00%/yr vs 22.85%/yr for X.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
DXP.TO vs. X.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXP.TO achieves a 4.44% return, which is significantly higher than X.TO's -7.11% return.
DXP.TO
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 4.44%
- 6M
- 5.17%
- 1Y
- 14.53%
- 3Y*
- 17.89%
- 5Y*
- 8.00%
- 10Y*
- —
X.TO
- 1D
- -0.81%
- 1M
- -10.72%
- YTD
- -7.11%
- 6M
- -7.16%
- 1Y
- -13.55%
- 3Y*
- 21.34%
- 5Y*
- 22.85%
- 10Y*
- 29.96%
DXP.TO vs. X.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.44% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
X.TO TMX Group Limited | -7.11% | 19.83% | 40.85% | 27.51% | 20.20% | 28.63% | 25.96% | 80.88% | 15.53% | 17.59% |
Correlation
The correlation between DXP.TO and X.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.11 |
The correlation between DXP.TO and X.TO shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXP.TO vs. X.TO — Risk / Return Rank
DXP.TO
X.TO
DXP.TO vs. X.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and TMX Group Limited (X.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 | X.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.20 | ||
| Sortino ratioReturn per unit of downside risk | +6.24 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 0.92 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | -0.60 | +6.67 |
| Martin ratioReturn relative to average drawdown | 30.11 | -1.25 | +31.36 |
Loading charts...
Drawdowns
DXP.TO vs. X.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, smaller than the maximum X.TO drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for DXP.TO and X.TO.
Loading charts...
Drawdown Indicators
| DXP.TO | X.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -51.85% | +11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -22.81% | +20.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -22.81% | +14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -22.81% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.26% | — |
Current DrawdownCurrent decline from peak | -0.04% | -15.64% | +15.60% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -6.94% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 10.89% | -10.41% |
Volatility
DXP.TO vs. X.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.94%, while TMX Group Limited (X.TO) has a volatility of 10.62%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than X.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXP.TO | X.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 10.62% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 19.42% | -16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 24.08% | -20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 20.83% | -11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.22% | 21.59% | -9.37% |
Dividends
DXP.TO vs. X.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.40%, more than X.TO's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.40% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
X.TO TMX Group Limited | 1.91% | 1.61% | 1.69% | 6.55% | 12.25% | 23.74% | 10.70% | 11.20% | 15.83% | 13.84% | 11.54% | 22.35% |
Frequently Asked Questions
DXP.TO and X.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for DXP.TO and X.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer