DXQ.TO vs. CNQE.TO
DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. DXQ.TO charges 0.72%/yr vs 0.40%/yr for CNQE.TO.
Performance
DXQ.TO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXQ.TO achieves a 6.80% return, which is significantly lower than CNQE.TO's 39.35% return.
DXQ.TO
- 1D
- -0.70%
- 1M
- 2.65%
- YTD
- 6.80%
- 6M
- 5.77%
- 1Y
- 19.04%
- 3Y*
- 17.27%
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- 1.83%
- 1M
- 3.29%
- YTD
- 39.35%
- 6M
- 37.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXQ.TO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 6.80% | 5.47% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 39.35% | 13.80% |
Correlation
The correlation between DXQ.TO and CNQE.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.20 |
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Return for Risk
DXQ.TO vs. CNQE.TO — Risk / Return Rank
DXQ.TO
CNQE.TO
DXQ.TO vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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.
| DXQ.TO | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | — | — |
| Martin ratioReturn relative to average drawdown | 10.46 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXQ.TO | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 2.48 | -0.87 |
Drawdowns
DXQ.TO vs. CNQE.TO - Drawdown Comparison
The maximum DXQ.TO drawdown since its inception was -15.54%, smaller than the maximum CNQE.TO drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and CNQE.TO.
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Drawdown Indicators
| DXQ.TO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -18.22% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -6.08% | +5.38% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -4.12% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | — | — |
Volatility
DXQ.TO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| DXQ.TO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 33.12% | -23.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.92% | 33.12% | -22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.92% | 33.12% | -22.20% |
DXQ.TO vs. CNQE.TO - Expense Ratio Comparison
DXQ.TO has a 0.72% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
DXQ.TO vs. CNQE.TO - Dividend Comparison
DXQ.TO's dividend yield for the trailing twelve months is around 7.77%, less than CNQE.TO's 9.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.40% | 4.42% | 0.00% | 0.00% | 0.00% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.77% | 7.45% | 5.74% | 6.54% | 1.83% |
Frequently Asked Questions
DXQ.TO and CNQE.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNQE.TO is cheaper with a 0.40% expense ratio, compared with 0.72% for DXQ.TO.
They also come from different issuers: Dynamic and Harvest. Their fees differ too: 0.72% for DXQ.TO and 0.40% for CNQE.TO.
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