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DXU.TO vs. DXP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXU.TO vs. DXP.TO

Last updated Jun 25, 2026

DXU.TO (Dynamic Active U.S. Dividend ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both exchange-traded funds - DXU.TO is a Dividend fund actively managed by Dynamic, while DXP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Dynamic. Both are actively managed. Over the past 5 years, DXU.TO returned 14.80%/yr vs 7.96%/yr for DXP.TO. At a 0.15 correlation, their price movements are largely independent. DXU.TO charges 0.75%/yr vs 0.64%/yr for DXP.TO.

Performance

DXU.TO vs. DXP.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 Dynamic Active Preferred Shares ETF (DXP.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXU.TO achieves a 27.19% return, which is significantly higher than DXP.TO's 4.36% 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*
—

DXP.TO

1D
-0.08%
1M
0.03%
YTD
4.36%
6M
4.61%
1Y
14.21%
3Y*
17.86%
5Y*
7.96%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
DXP.TO
Dynamic Active Preferred Shares ETF		4.36%17.64%25.73%8.22%-16.46%27.89%5.67%3.94%-9.58%2.37%

Correlation

The correlation between DXU.TO and DXP.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2017

0.15

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dynamic Active U.S. Dividend ETF

Dynamic Active Preferred Shares ETF

Often compared with DXU.TO:
DXU.TO vs. ZDIV.TODXU.TO vs. DXQ.TODXU.TO vs. VDY.TODXU.TO vs. CWIN.TODXU.TO vs. DXBB.TODXU.TO vs. TBNK.TODXU.TO vs. DXMO.TO
Often compared with DXP.TO:
DXP.TO vs. SPLT.TODXP.TO vs. X.TODXP.TO vs. DXBB.TODXP.TO vs. RPF.TODXP.TO vs. TPRF.TODXP.TO vs. DXMO.TODXP.TO vs. HYBR.TO

Return for Risk

DXU.TO vs. DXP.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: 7474
Overall Rank
DXU.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DXU.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
DXU.TO Omega Ratio Rank: 7171
Omega Ratio Rank
DXU.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
DXU.TO Martin Ratio Rank: 7777
Martin Ratio Rank
DXP.TO
DXP.TO Risk / Return Rank: 9696
Overall Rank
DXP.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DXP.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
DXP.TO Omega Ratio Rank: 9696
Omega Ratio Rank
DXP.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
DXP.TO Martin Ratio Rank: 9696
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.

DXU.TO vs. DXP.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 Dynamic Active Preferred Shares ETF (DXP.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.TODXP.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
3.55

-1.57

Sortino ratioReturn per unit of downside risk
2.58
5.48

-2.90

Omega ratioGain probability vs. loss probability

1.36

1.72

-0.35

Calmar ratioReturn relative to maximum drawdown

4.27

5.94

-1.67

Martin ratioReturn relative to average drawdown

12.82

29.44

-16.62

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

The current DXU.TO Sharpe Ratio is 1.99, which is lower than the DXP.TO Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of DXU.TO and DXP.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.

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Drawdowns

DXU.TO vs. DXP.TO - Drawdown Comparison

The maximum DXU.TO drawdown since its inception was -29.23%, smaller than the maximum DXP.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for DXU.TO and DXP.TO.

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Drawdown Indicators

DXU.TODXP.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.23%

-40.72%

+11.49%

Max Drawdown (1Y)

Largest decline over 1 year

-9.15%

-2.40%

-6.75%

Max Drawdown (3Y)

Largest decline over 3 years

-23.80%

-8.30%

-15.50%

Max Drawdown (5Y)

Largest decline over 5 years

-24.83%

-20.11%

-4.72%

Current Drawdown

Current decline from peak

-2.32%

-0.11%

-2.21%

Average Drawdown

Average peak-to-trough decline

-6.65%

-6.61%

-0.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

0.48%

+2.56%

Volatility

DXU.TO vs. DXP.TO - Volatility Comparison

Dynamic Active U.S. Dividend ETF (DXU.TO) has a higher volatility of 9.26% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.94%. This indicates that DXU.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXU.TODXP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.26%

0.94%

+8.32%

Volatility (6M)

Calculated over the trailing 6-month period

15.69%

2.55%

+13.14%

Volatility (1Y)

Calculated over the trailing 1-year period

19.78%

4.02%

+15.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.51%

9.28%

+9.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.69%

12.21%

+7.48%

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

DXU.TO has a 0.75% expense ratio, which is higher than DXP.TO's 0.64% expense ratio.

Dividends

DXU.TO vs. DXP.TO - Dividend Comparison

DXU.TO has not paid dividends to shareholders, while DXP.TO's dividend yield for the trailing twelve months is around 4.41%.

PositionTTM202520242023202220212020201920182017
DXP.TO
Dynamic Active Preferred Shares ETF		4.41%4.52%5.05%5.31%4.58%3.67%4.51%4.53%4.50%3.36%
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 DXP.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DXP.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DXP.TO is cheaper with a 0.64% expense ratio, compared with 0.75% for DXU.TO.

DXU.TO is categorized as Dividend, while DXP.TO is Preferred Stock/Convertible Bonds. Their fees differ too: 0.75% for DXU.TO and 0.64% for DXP.TO.

Portfolio Optimizer

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