DXV.TO vs. DCC.TO

Last updated Jul 25, 2026

DXV.TO (Dynamic Active Ultra Short Term Bond ETF) and DCC.TO (Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF) are both exchange-traded funds - DXV.TO is a Ultrashort Bond fund actively managed by 1832 Asset Management L.P. (Dynamic Funds), while DCC.TO is a Corporate Bonds fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DXV.TO returned 3.70%/yr vs 2.62%/yr for DCC.TO. At a 0.00 correlation, their price movements are largely independent.

Performance

DXV.TO vs. DCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Ultra Short Term Bond ETF (DXV.TO) and Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXV.TO achieves a 1.66% return, which is significantly higher than DCC.TO's 1.13% return.

DXV.TO

• 1D: 0.00%
• 1M: 0.30%
• 6M: 1.40%
• YTD: 1.66%
• 1Y: 3.31%
• 3Y*: 4.62%
• 5Y*: 3.70%
• 10Y*: —
• ALL TIME*: 3.11%

DCC.TO

• 1D: -0.22%
• 1M: -0.32%
• 6M: 0.67%
• YTD: 1.13%
• 1Y: 2.92%
• 3Y*: 5.88%
• 5Y*: 2.62%
• 10Y*: —
• ALL TIME*: 2.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF	CA$34.16K	CA$19.00K	CA$12.98K
DXV.TO Dynamic Active Ultra Short Term Bond ETF	CA$200.22K	CA$234.39K	CA$329.07K

DXV.TO vs. DCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DXV.TO Dynamic Active Ultra Short Term Bond ETF	1.66%	4.04%	5.84%	6.04%	1.49%	-0.21%	3.59%	3.58%	0.00%
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF	1.13%	4.65%	6.97%	6.59%	-4.65%	-1.47%	6.44%	5.04%	1.16%

Correlation

The correlation between DXV.TO and DCC.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018	0.00

The correlation between DXV.TO and DCC.TO shifts across timeframes, from -0.08 (3 years) to 0.03 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DXV.TO vs. DCC.TO — Risk / Return Rank

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

DXV.TO

DXV.TO Risk / Return Rank: 92
DXV.TO Sharpe Ratio Rank: 86
DXV.TO Sortino Ratio Rank: 90
DXV.TO Omega Ratio Rank: 88
DXV.TO Calmar Ratio Rank: 98
DXV.TO Martin Ratio Rank: 97

DCC.TO

DCC.TO Risk / Return Rank: 45
DCC.TO Sharpe Ratio Rank: 43
DCC.TO Sortino Ratio Rank: 41
DCC.TO Omega Ratio Rank: 43
DCC.TO Calmar Ratio Rank: 48
DCC.TO Martin Ratio Rank: 49

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.

DXV.TO vs. DCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Ultra Short Term Bond ETF (DXV.TO) and Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.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.

	DXV.TO	DCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.08	+0.96
Sortino ratio: Return per unit of downside risk	3.12	1.53	+1.59
Omega ratio: Gain probability vs. loss probability	1.40	1.20	+0.20
Calmar ratio: Return relative to maximum drawdown	10.92	1.70	+9.23
Martin ratio: Return relative to average drawdown	36.56	5.55	+31.01

DXV.TO vs. DCC.TO - Sharpe Ratio Comparison

The current DXV.TO Sharpe Ratio is 2.03, which is higher than the DCC.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DXV.TO and DCC.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

DXV.TO vs. DCC.TO - Drawdown Comparison

The maximum DXV.TO drawdown since its inception was -11.62%, which is greater than DCC.TO's maximum drawdown of -8.95%. Use the drawdown chart below to compare losses from any high point for DXV.TO and DCC.TO.

Drawdown Indicators

	DXV.TO	DCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-8.95%	-2.67%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-1.73%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-0.66%	-1.73%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-2.71%	-8.45%	+5.74%
Current Drawdown Current decline from peak	-0.05%	-0.74%	+0.69%
Average Drawdown Average peak-to-trough decline	-0.38%	-1.62%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	0.53%	-0.44%

Volatility

DXV.TO vs. DCC.TO - Volatility Comparison

The current volatility for Dynamic Active Ultra Short Term Bond ETF (DXV.TO) is 0.48%, while Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.TO) has a volatility of 0.78%. This indicates that DXV.TO experiences smaller price fluctuations and is considered to be less risky than DCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXV.TO	DCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	0.78%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	1.24%	1.99%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	1.63%	2.73%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	3.41%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	3.42%	+1.15%

Dividends

DXV.TO vs. DCC.TO - Dividend Comparison

DXV.TO's dividend yield for the trailing twelve months is around 3.10%, less than DCC.TO's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF	3.49%	3.28%	3.28%	3.02%	3.40%	3.13%	3.00%	3.09%	3.15%	2.41%
DXV.TO Dynamic Active Ultra Short Term Bond ETF	3.10%	3.35%	5.32%	6.33%	3.98%	0.69%	1.89%	2.25%	1.78%	0.00%

Frequently Asked Questions

Can I hold both DXV.TO and DCC.TO in my portfolio?

DXV.TO and DCC.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between DXV.TO and DCC.TO?

DXV.TO is categorized as Ultrashort Bond, while DCC.TO is Corporate Bonds. They also come from different issuers: 1832 Asset Management L.P. (Dynamic Funds) and Desjardins.