DXU.TO vs. CCEF
DXU.TO (Dynamic Active U.S. Dividend ETF) and CCEF (Calamos CEF Income & Arbitrage ETF) are both Dividend funds. Both are actively managed. Over the past year, DXU.TO returned 38.88% vs 17.11% for CCEF. At a 0.39 correlation, their price movements are largely independent. DXU.TO charges 0.75%/yr vs 2.74%/yr for CCEF.
Performance
DXU.TO vs. CCEF - Performance Comparison
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Different Trading Currencies
DXU.TO is traded in CAD, while CCEF is traded in USD. To make them comparable, the CCEF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DXU.TO achieves a 27.19% return, which is significantly higher than CCEF's 8.87% return.
DXU.TO
- 1D
- -0.03%
- 1M
- 7.62%
- YTD
- 27.19%
- 6M
- 26.13%
- 1Y
- 38.88%
- 3Y*
- 27.90%
- 5Y*
- 14.80%
- 10Y*
- —
CCEF
- 1D
- -0.05%
- 1M
- 2.97%
- YTD
- 8.87%
- 6M
- 9.17%
- 1Y
- 17.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXU.TO vs. CCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXU.TO Dynamic Active U.S. Dividend ETF | 27.19% | 9.36% | 33.84% |
CCEF Calamos CEF Income & Arbitrage ETF | 8.87% | 8.29% | 25.81% |
Correlation
The correlation between DXU.TO and CCEF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.39 |
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Return for Risk
DXU.TO vs. CCEF — Risk / Return Rank
DXU.TO
CCEF
DXU.TO vs. CCEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Dividend ETF (DXU.TO) and Calamos CEF Income & Arbitrage ETF (CCEF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXU.TO | CCEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.63 | +1.64 |
| Martin ratioReturn relative to average drawdown | 12.82 | 9.95 | +2.88 |
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Drawdowns
DXU.TO vs. CCEF - Drawdown Comparison
The maximum DXU.TO drawdown since its inception was -29.23%, which is greater than CCEF's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for DXU.TO and CCEF.
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Drawdown Indicators
| DXU.TO | CCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.23% | -14.99% | -14.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -6.54% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.83% | — | — |
Current DrawdownCurrent decline from peak | -2.32% | -0.81% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -1.96% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.72% | +1.32% |
Volatility
DXU.TO vs. CCEF - Volatility Comparison
Dynamic Active U.S. Dividend ETF (DXU.TO) has a higher volatility of 9.26% compared to Calamos CEF Income & Arbitrage ETF (CCEF) at 3.06%. This indicates that DXU.TO's price experiences larger fluctuations and is considered to be riskier than CCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXU.TO | CCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 3.06% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 7.50% | +8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 8.98% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.51% | 11.58% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 11.58% | +8.11% |
DXU.TO vs. CCEF - Expense Ratio Comparison
DXU.TO has a 0.75% expense ratio, which is lower than CCEF's 2.74% expense ratio.
Dividends
DXU.TO vs. CCEF - Dividend Comparison
DXU.TO has not paid dividends to shareholders, while CCEF's dividend yield for the trailing twelve months is around 8.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 8.05% | 8.08% | 6.55% | 0.00% | 0.00% | 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% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% |
Frequently Asked Questions
DXU.TO and CCEF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXU.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXU.TO is cheaper with a 0.75% expense ratio, compared with 2.74% for CCEF.
They also come from different issuers: Dynamic and Calamos. Their fees differ too: 0.75% for DXU.TO and 2.74% for CCEF.
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