DXQ.TO vs. DXBB.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Dynamic Active Bond ETF (DXBB.TO).

DXQ.TO and DXBB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXQ.TO is an actively managed fund by Dynamic. It was launched on Sep 7, 2022. DXBB.TO is an actively managed fund by Dynamic. It was launched on Oct 31, 2024.

Performance

DXQ.TO vs. DXBB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Dynamic Active Bond ETF (DXBB.TO). The values are adjusted to include any dividend payments, if applicable.

DXQ.TO vs. DXBB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	-0.26%	12.99%	5.50%
DXBB.TO Dynamic Active Bond ETF	0.40%	2.85%	1.32%

Returns By Period

In the year-to-date period, DXQ.TO achieves a -0.26% return, which is significantly lower than DXBB.TO's 0.40% return.

DXQ.TO

• 1D: 0.07%
• 1M: -0.91%
• YTD: -0.26%
• 6M: 0.81%
• 1Y: 17.27%
• 3Y*: 15.56%
• 5Y*: —
• 10Y*: —

DXBB.TO

• 1D: 0.00%
• 1M: -1.30%
• YTD: 0.40%
• 6M: 0.44%
• 1Y: 1.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXQ.TO vs. DXBB.TO - Expense Ratio Comparison

DXQ.TO has a 0.72% expense ratio, which is higher than DXBB.TO's 0.33% expense ratio.

DXQ.TO

Dynamic Active Enhanced Yield Covered Options ETF

DXBB.TO

Dynamic Active Bond ETF

Return for Risk

DXQ.TO vs. DXBB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXQ.TO

DXQ.TO Risk / Return Rank: 62
DXQ.TO Sharpe Ratio Rank: 57
DXQ.TO Sortino Ratio Rank: 58
DXQ.TO Omega Ratio Rank: 69
DXQ.TO Calmar Ratio Rank: 61
DXQ.TO Martin Ratio Rank: 63

DXBB.TO

DXBB.TO Risk / Return Rank: 19
DXBB.TO Sharpe Ratio Rank: 21
DXBB.TO Sortino Ratio Rank: 18
DXBB.TO Omega Ratio Rank: 18
DXBB.TO Calmar Ratio Rank: 22
DXBB.TO Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXQ.TO vs. DXBB.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 Dynamic Active Bond ETF (DXBB.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	DXBB.TO	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.35	+0.73
Sortino ratio Return per unit of downside risk	1.59	0.50	+1.09
Omega ratio Gain probability vs. loss probability	1.27	1.07	+0.20
Calmar ratio Return relative to maximum drawdown	1.79	0.57	+1.23
Martin ratio Return relative to average drawdown	7.29	1.25	+6.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXQ.TO vs. DXBB.TO - Sharpe Ratio Comparison

The current DXQ.TO Sharpe Ratio is 1.08, which is higher than the DXBB.TO Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of DXQ.TO and DXBB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXQ.TO	DXBB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.35	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.66	+0.82

Correlation

The correlation between DXQ.TO and DXBB.TO is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DXQ.TO vs. DXBB.TO - Dividend Comparison

DXQ.TO's dividend yield for the trailing twelve months is around 7.98%, more than DXBB.TO's 4.27% yield.

	TTM	2025	2024	2023	2022
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	7.98%	7.45%	5.74%	6.54%	1.83%
DXBB.TO Dynamic Active Bond ETF	4.27%	4.24%	0.89%	0.00%	0.00%

Drawdowns

DXQ.TO vs. DXBB.TO - Drawdown Comparison

The maximum DXQ.TO drawdown since its inception was -15.54%, which is greater than DXBB.TO's maximum drawdown of -3.23%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and DXBB.TO.

Drawdown Indicators

	DXQ.TO	DXBB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-3.23%	-12.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-2.79%	-7.06%
Current Drawdown Current decline from peak	-3.37%	-1.74%	-1.63%
Average Drawdown Average peak-to-trough decline	-1.30%	-1.22%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	1.27%	+1.16%

Volatility

DXQ.TO vs. DXBB.TO - Volatility Comparison

Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a higher volatility of 4.13% compared to Dynamic Active Bond ETF (DXBB.TO) at 2.05%. This indicates that DXQ.TO's price experiences larger fluctuations and is considered to be riskier than DXBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQ.TO	DXBB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	2.05%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	3.11%	+4.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	4.46%	+11.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	4.94%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	4.94%	+6.05%