DXQ.TO vs. DXU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Dynamic Active U.S. Dividend ETF (DXU.TO).

DXQ.TO and DXU.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. DXU.TO is an actively managed fund by Dynamic. It was launched on Sep 27, 2024.

Performance

DXQ.TO vs. DXU.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 U.S. Dividend ETF (DXU.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	-0.26%	12.99%	21.07%	20.08%	3.57%
DXU.TO Dynamic Active U.S. Dividend ETF	2.69%	9.36%	38.05%	9.43%	2.46%

Returns By Period

In the year-to-date period, DXQ.TO achieves a -0.26% return, which is significantly lower than DXU.TO's 2.69% return.

DXQ.TO

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

DXU.TO

• 1D: 1.60%
• 1M: -4.58%
• YTD: 2.69%
• 6M: 2.81%
• 1Y: 24.43%
• 3Y*: 19.40%
• 5Y*: 9.72%
• 10Y*: —

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

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

DXQ.TO has a 0.72% expense ratio, which is lower than DXU.TO's 0.75% expense ratio.

DXU.TO

Dynamic Active U.S. Dividend ETF

DXQ.TO

Dynamic Active Enhanced Yield Covered Options ETF

Return for Risk

DXQ.TO vs. DXU.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

DXU.TO

DXU.TO Risk / Return Rank: 61
DXU.TO Sharpe Ratio Rank: 61
DXU.TO Sortino Ratio Rank: 57
DXU.TO Omega Ratio Rank: 57
DXU.TO Calmar Ratio Rank: 71
DXU.TO Martin Ratio Rank: 59

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. DXU.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 U.S. Dividend ETF (DXU.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	DXU.TO	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.15	-0.06
Sortino ratio Return per unit of downside risk	1.59	1.58	+0.01
Omega ratio Gain probability vs. loss probability	1.27	1.23	+0.05
Calmar ratio Return relative to maximum drawdown	1.79	2.15	-0.36
Martin ratio Return relative to average drawdown	7.29	6.87	+0.42
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. DXU.TO - Sharpe Ratio Comparison

The current DXQ.TO Sharpe Ratio is 1.08, which is comparable to the DXU.TO Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of DXQ.TO and DXU.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	DXU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.15	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.74	+0.74

Correlation

The correlation between DXQ.TO and DXU.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DXQ.TO vs. DXU.TO - Dividend Comparison

DXQ.TO's dividend yield for the trailing twelve months is around 7.98%, while DXU.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	7.98%	7.45%	5.74%	6.54%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%
DXU.TO Dynamic Active U.S. Dividend ETF	0.00%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%	0.10%

Drawdowns

DXQ.TO vs. DXU.TO - Drawdown Comparison

The maximum DXQ.TO drawdown since its inception was -15.54%, smaller than the maximum DXU.TO drawdown of -27.05%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and DXU.TO.

Drawdown Indicators

	DXQ.TO	DXU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-27.05%	+11.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-11.41%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.83%	—
Current Drawdown Current decline from peak	-3.37%	-4.86%	+1.49%
Average Drawdown Average peak-to-trough decline	-1.30%	-6.58%	+5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	3.58%	-1.15%

Volatility

DXQ.TO vs. DXU.TO - Volatility Comparison

The current volatility for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) is 4.13%, while Dynamic Active U.S. Dividend ETF (DXU.TO) has a volatility of 7.79%. This indicates that DXQ.TO experiences smaller price fluctuations and is considered to be less risky than DXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQ.TO	DXU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	7.79%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	13.95%	-6.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	21.41%	-5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	17.97%	-6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	19.34%	-8.35%