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DXQ.TO vs. YTSL.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXQ.TO vs. YTSL.NEO

Last updated Jun 4, 2026

DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) and YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, DXQ.TO returned 17.27%/yr vs 29.91%/yr for YTSL.NEO. At a 0.33 correlation, their price movements are largely independent. DXQ.TO charges 0.72%/yr vs 1.65%/yr for YTSL.NEO.

Performance

DXQ.TO vs. YTSL.NEO - 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 Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXQ.TO achieves a 6.80% return, which is significantly higher than YTSL.NEO's -6.32% return.

DXQ.TO

1D
-0.70%
1M
2.65%
YTD
6.80%
6M
5.77%
1Y
19.04%
3Y*
17.27%
5Y*
—
10Y*
—

YTSL.NEO

1D
0.00%
1M
8.30%
YTD
-6.32%
6M
3.70%
1Y
45.68%
3Y*
29.91%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXQ.TO vs. YTSL.NEO - Yearly Performance Comparison

2026 (YTD)2025202420232022
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		6.80%12.99%21.07%20.08%0.27%
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETF		-6.32%27.43%46.11%106.56%-20.20%

Correlation

The correlation between DXQ.TO and YTSL.NEO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2022

0.33

Compare stocks, funds, or ETFs

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Dynamic Active Enhanced Yield Covered Options ETF

Tesla (TSLA) Yield Shares Purpose ETF

Often compared with DXQ.TO:
DXQ.TO vs. ECHI.TODXQ.TO vs. DXBB.TODXQ.TO vs. YCST.NEODXQ.TO vs. DXU.TODXQ.TO vs. HHIS.TODXQ.TO vs. BKCL.TODXQ.TO vs. CRCY.TO
Often compared with YTSL.NEO:
YTSL.NEO vs. TSLAYTSL.NEO vs. TSLY.TOYTSL.NEO vs. TSLYYTSL.NEO vs. TSLA.TOYTSL.NEO vs. TSLA.NEOYTSL.NEO vs. TSLYTSL.NEO vs. HHIS.TO

Return for Risk

DXQ.TO vs. YTSL.NEO — 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: 6565
Overall Rank
DXQ.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
DXQ.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
DXQ.TO Omega Ratio Rank: 6666
Omega Ratio Rank
DXQ.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DXQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
YTSL.NEO
YTSL.NEO Risk / Return Rank: 3030
Overall Rank
YTSL.NEO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
YTSL.NEO Sortino Ratio Rank: 2626
Sortino Ratio Rank
YTSL.NEO Omega Ratio Rank: 2828
Omega Ratio Rank
YTSL.NEO Calmar Ratio Rank: 3737
Calmar Ratio Rank
YTSL.NEO Martin Ratio Rank: 3232
Martin Ratio Rank
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. YTSL.NEO - 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 Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). 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.TOYTSL.NEODifference
Sharpe ratioReturn per unit of total volatility
2.08
0.95

+1.12

Sortino ratioReturn per unit of downside risk
2.95
1.46

+1.49

Omega ratioGain probability vs. loss probability

1.40

1.19

+0.20

Calmar ratioReturn relative to maximum drawdown

3.74

1.85

+1.89

Martin ratioReturn relative to average drawdown

10.46

4.79

+5.68

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. YTSL.NEO - Sharpe Ratio Comparison

The current DXQ.TO Sharpe Ratio is 2.08, which is higher than the YTSL.NEO Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of DXQ.TO and YTSL.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DXQ.TOYTSL.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

0.95

+1.12

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.58

+1.03

Drawdowns

DXQ.TO vs. YTSL.NEO - Drawdown Comparison

The maximum DXQ.TO drawdown since its inception was -15.54%, smaller than the maximum YTSL.NEO drawdown of -58.40%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and YTSL.NEO.

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Drawdown Indicators

DXQ.TOYTSL.NEODifference

Max Drawdown

Largest peak-to-trough decline

-15.54%

-58.40%

+42.86%

Max Drawdown (1Y)

Largest decline over 1 year

-5.11%

-24.81%

+19.70%

Max Drawdown (3Y)

Largest decline over 3 years

-15.54%

-58.40%

+42.86%

Current Drawdown

Current decline from peak

-0.70%

-7.38%

+6.68%

Average Drawdown

Average peak-to-trough decline

-1.27%

-20.48%

+19.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

9.71%

-7.89%

Volatility

DXQ.TO vs. YTSL.NEO - Volatility Comparison

The current volatility for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) is 2.38%, while Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) has a volatility of 12.74%. This indicates that DXQ.TO experiences smaller price fluctuations and is considered to be less risky than YTSL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXQ.TOYTSL.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

12.74%

-10.36%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

29.33%

-22.19%

Volatility (1Y)

Calculated over the trailing 1-year period

9.21%

48.18%

-38.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.92%

61.86%

-50.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.92%

61.86%

-50.94%

DXQ.TO vs. YTSL.NEO - Expense Ratio Comparison

DXQ.TO has a 0.72% expense ratio, which is lower than YTSL.NEO's 1.65% expense ratio.

Dividends

DXQ.TO vs. YTSL.NEO - Dividend Comparison

DXQ.TO's dividend yield for the trailing twelve months is around 7.77%, less than YTSL.NEO's 45.63% yield.

PositionTTM2025202420232022
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		7.77%7.45%5.74%6.54%1.83%
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETF		45.63%36.11%12.80%24.07%1.96%

Frequently Asked Questions

DXQ.TO and YTSL.NEO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DXQ.TO is cheaper with a 0.72% expense ratio, compared with 1.65% for YTSL.NEO.

They also come from different issuers: Dynamic and Purpose Investments. Their fees differ too: 0.72% for DXQ.TO and 1.65% for YTSL.NEO.

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