DXQ.TO vs. ECHI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO).

DXQ.TO and ECHI.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. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025.

Performance

DXQ.TO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF	-0.26%	5.54%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	10.27%	20.01%

Returns By Period

In the year-to-date period, DXQ.TO achieves a -0.26% return, which is significantly lower than ECHI.TO's 10.27% return.

DXQ.TO

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

ECHI.TO

• 1D: 0.33%
• 1M: -1.65%
• YTD: 10.27%
• 6M: 22.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

DXQ.TO has a 0.72% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

DXQ.TO

Dynamic Active Enhanced Yield Covered Options ETF

ECHI.TO

Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

DXQ.TO vs. ECHI.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

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. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.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	ECHI.TO	Difference
Sharpe ratio Return per unit of total volatility	1.08	—	—
Sortino ratio Return per unit of downside risk	1.59	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	1.79	—	—
Martin ratio Return relative to average drawdown	7.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DXQ.TO	ECHI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	3.20	-1.72

Correlation

The correlation between DXQ.TO and ECHI.TO is 0.48, 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. ECHI.TO - Dividend Comparison

DXQ.TO's dividend yield for the trailing twelve months is around 7.98%, less than ECHI.TO's 8.68% 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%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.68%	5.27%	0.00%	0.00%	0.00%

Drawdowns

DXQ.TO vs. ECHI.TO - Drawdown Comparison

The maximum DXQ.TO drawdown since its inception was -15.54%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and ECHI.TO.

Drawdown Indicators

	DXQ.TO	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-6.84%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	—	—
Current Drawdown Current decline from peak	-3.37%	-1.65%	-1.72%
Average Drawdown Average peak-to-trough decline	-1.30%	-1.40%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	—	—

Volatility

Volatility by Period

	DXQ.TO	ECHI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	18.53%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	18.53%	-7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	18.53%	-7.54%