DXU.TO vs. DGRC.TO

Last updated Jun 25, 2026

DXU.TO (Dynamic Active U.S. Dividend ETF) and DGRC.TO (CI Canada Quality Dividend Growth Index ETF) are both Dividend funds. Over the past 5 years, DXU.TO returned 14.80%/yr vs 13.00%/yr for DGRC.TO. At a 0.42 correlation, their price movements are largely independent. DXU.TO charges 0.75%/yr vs 0.23%/yr for DGRC.TO.

Performance

DXU.TO vs. DGRC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active U.S. Dividend ETF (DXU.TO) and CI Canada Quality Dividend Growth Index ETF (DGRC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXU.TO achieves a 27.19% return, which is significantly higher than DGRC.TO's 14.35% 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*: —

DGRC.TO

• 1D: -0.67%
• 1M: -0.27%
• YTD: 14.35%
• 6M: 13.66%
• 1Y: 31.08%
• 3Y*: 20.62%
• 5Y*: 13.00%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXU.TO Dynamic Active U.S. Dividend ETF	27.19%	9.36%	38.05%	9.43%	-14.92%	14.93%	24.17%	17.48%	12.64%	8.14%
DGRC.TO CI Canada Quality Dividend Growth Index ETF	14.35%	27.20%	12.36%	7.79%	-1.70%	20.84%	7.22%	18.60%	-4.73%	2.49%

Correlation

The correlation between DXU.TO and DGRC.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017	0.42

Over the past year, the correlation between DXU.TO and DGRC.TO has dropped to 0.22 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

DXU.TO vs. DGRC.TO - Sectors Allocation Comparison

Sectors	DXU.TO	DGRC.TO
Industrials	34.7%	15.9%
Technology	25.3%	1.3%
Financial Services	15.5%	24.8%
Consumer Cyclical	8.1%	10.3%
Basic Materials	6.5%	8.3%
Healthcare	5.0%	-
Communication Services	3.0%	2.0%
Energy	2.0%	26.6%
Consumer Defensive	-	10.7%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

DXU.TO vs. DGRC.TO — Risk / Return Rank

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

DXU.TO

DXU.TO Risk / Return Rank: 74
DXU.TO Sharpe Ratio Rank: 71
DXU.TO Sortino Ratio Rank: 64
DXU.TO Omega Ratio Rank: 71
DXU.TO Calmar Ratio Rank: 86
DXU.TO Martin Ratio Rank: 77

DGRC.TO

DGRC.TO Risk / Return Rank: 91
DGRC.TO Sharpe Ratio Rank: 91
DGRC.TO Sortino Ratio Rank: 90
DGRC.TO Omega Ratio Rank: 89
DGRC.TO Calmar Ratio Rank: 91
DGRC.TO Martin Ratio Rank: 92

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.

DXU.TO vs. DGRC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Dividend ETF (DXU.TO) and CI Canada Quality Dividend Growth Index ETF (DGRC.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.

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	DGRC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.67	-0.68
Sortino ratio: Return per unit of downside risk	2.58	3.65	-1.07
Omega ratio: Gain probability vs. loss probability	1.36	1.48	-0.11
Calmar ratio: Return relative to maximum drawdown	4.27	5.21	-0.94
Martin ratio: Return relative to average drawdown	12.82	19.60	-6.78

DXU.TO vs. DGRC.TO - Sharpe Ratio Comparison

The current DXU.TO Sharpe Ratio is 1.99, which is comparable to the DGRC.TO Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of DXU.TO and DGRC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXU.TO vs. DGRC.TO - Drawdown Comparison

The maximum DXU.TO drawdown since its inception was -29.23%, smaller than the maximum DGRC.TO drawdown of -36.59%. Use the drawdown chart below to compare losses from any high point for DXU.TO and DGRC.TO.

Drawdown Indicators

	DXU.TO	DGRC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.23%	-36.59%	+7.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-5.99%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-23.80%	-12.90%	-10.90%
Max Drawdown (5Y) Largest decline over 5 years	-24.83%	-15.39%	-9.44%
Current Drawdown Current decline from peak	-2.32%	-1.23%	-1.09%
Average Drawdown Average peak-to-trough decline	-6.65%	-3.21%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	1.59%	+1.45%

Volatility

DXU.TO vs. DGRC.TO - Volatility Comparison

Dynamic Active U.S. Dividend ETF (DXU.TO) has a higher volatility of 9.26% compared to CI Canada Quality Dividend Growth Index ETF (DGRC.TO) at 2.80%. This indicates that DXU.TO's price experiences larger fluctuations and is considered to be riskier than DGRC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXU.TO	DGRC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	2.80%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	9.16%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	19.78%	11.69%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	12.52%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	14.69%	+5.00%

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

DXU.TO has a 0.75% expense ratio, which is higher than DGRC.TO's 0.23% expense ratio.

Dividends

DXU.TO vs. DGRC.TO - Dividend Comparison

DXU.TO has not paid dividends to shareholders, while DGRC.TO's dividend yield for the trailing twelve months is around 2.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRC.TO CI Canada Quality Dividend Growth Index ETF	2.36%	2.58%	2.46%	2.56%	2.48%	1.87%	3.06%	2.20%	1.79%	0.23%
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

Can I hold both DXU.TO and DGRC.TO in my portfolio?

DXU.TO and DGRC.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXU.TO or DGRC.TO?

On fees, DGRC.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXU.TO or DGRC.TO?

DGRC.TO is cheaper with a 0.23% expense ratio, compared with 0.75% for DXU.TO.

What is the main difference between DXU.TO and DGRC.TO?

They also come from different issuers: Dynamic and CI Investments. Their fees differ too: 0.75% for DXU.TO and 0.23% for DGRC.TO.