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DXV.TO vs. XFR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXV.TO vs. XFR.TO

Last updated Jun 4, 2026

DXV.TO (Dynamic Active Investment Grade Floating Rate ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - DXV.TO is a fund fund, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 5 years, DXV.TO returned 3.62%/yr vs 3.20%/yr for XFR.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

DXV.TO vs. XFR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Investment Grade Floating Rate ETF (DXV.TO) and iShares Floating Rate Index ETF (XFR.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, DXV.TO achieves a 1.25% return, which is significantly higher than XFR.TO's 1.00% return.

DXV.TO

1D
0.05%
1M
0.50%
YTD
1.25%
6M
1.52%
1Y
3.57%
3Y*
4.83%
5Y*
3.62%
10Y*
—

XFR.TO

1D
-0.05%
1M
0.21%
YTD
1.00%
6M
1.33%
1Y
2.96%
3Y*
3.98%
5Y*
3.20%
10Y*
2.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
DXV.TO
Dynamic Active Investment Grade Floating Rate ETF		1.25%4.04%5.84%6.04%1.49%-0.21%3.59%3.58%0.00%
XFR.TO
iShares Floating Rate Index ETF		1.00%3.33%4.57%5.29%1.82%0.15%0.98%2.23%0.82%

Correlation

The correlation between DXV.TO and XFR.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.11

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

-0.05

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

-0.02

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2018

-0.01

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 Investment Grade Floating Rate ETF

iShares Floating Rate Index ETF

Often compared with DXV.TO:
DXV.TO vs. ZST.TODXV.TO vs. PSA.TODXV.TO vs. PCOR.TODXV.TO vs. ZFH.TODXV.TO vs. ZCS.TODXV.TO vs. XSH.TODXV.TO vs. XSB.TO
Often compared with XFR.TO:
XFR.TO vs. CASH.TOXFR.TO vs. ZMMK.TOXFR.TO vs. CMR.TOXFR.TO vs. XSH.TOXFR.TO vs. XBB.TOXFR.TO vs. ZST.TOXFR.TO vs. XHY.TO

Return for Risk

DXV.TO vs. XFR.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: 8383
Overall Rank
DXV.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
DXV.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
DXV.TO Omega Ratio Rank: 7676
Omega Ratio Rank
DXV.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
DXV.TO Martin Ratio Rank: 9797
Martin Ratio Rank
XFR.TO
XFR.TO Risk / Return Rank: 9898
Overall Rank
XFR.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
XFR.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XFR.TO Omega Ratio Rank: 9797
Omega Ratio Rank
XFR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XFR.TO Martin Ratio Rank: 9898
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.

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

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Investment Grade Floating Rate ETF (DXV.TO) and iShares Floating Rate Index ETF (XFR.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.

DXV.TOXFR.TODifference
Sharpe ratioReturn per unit of total volatility
2.26
4.12

-1.86

Sortino ratioReturn per unit of downside risk
3.47
6.98

-3.52

Omega ratioGain probability vs. loss probability

1.46

1.96

-0.51

Calmar ratioReturn relative to maximum drawdown

11.77

29.79

-18.02

Martin ratioReturn relative to average drawdown

41.02

88.61

-47.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DXV.TO Sharpe Ratio is 2.26, which is lower than the XFR.TO Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of DXV.TO and XFR.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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Sharpe Ratios by Period

DXV.TOXFR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

4.12

-1.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.19

3.92

-2.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.22

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.19

-0.51

Drawdowns

DXV.TO vs. XFR.TO - Drawdown Comparison

The maximum DXV.TO drawdown since its inception was -11.62%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for DXV.TO and XFR.TO.

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Drawdown Indicators

DXV.TOXFR.TODifference

Max Drawdown

Largest peak-to-trough decline

-11.62%

-4.12%

-7.50%

Max Drawdown (1Y)

Largest decline over 1 year

-0.30%

-0.10%

-0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-0.66%

-0.30%

-0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-2.71%

-0.30%

-2.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-4.12%

—

Current Drawdown

Current decline from peak

0.00%

-0.05%

+0.05%

Average Drawdown

Average peak-to-trough decline

-0.39%

-0.06%

-0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.09%

0.03%

+0.06%

Volatility

DXV.TO vs. XFR.TO - Volatility Comparison

Dynamic Active Investment Grade Floating Rate ETF (DXV.TO) has a higher volatility of 0.55% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that DXV.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXV.TOXFR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.55%

0.18%

+0.37%

Volatility (6M)

Calculated over the trailing 6-month period

1.34%

0.48%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

1.58%

0.72%

+0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.05%

0.82%

+2.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.63%

1.85%

+2.78%

Dividends

DXV.TO vs. XFR.TO - Dividend Comparison

DXV.TO's dividend yield for the trailing twelve months is around 3.12%, more than XFR.TO's 2.77% yield.

PositionTTM20252024202320222021202020192018201720162015
DXV.TO
Dynamic Active Investment Grade Floating Rate ETF		3.12%3.35%5.32%6.33%3.98%0.69%1.89%2.25%1.78%0.00%0.00%0.00%
XFR.TO
iShares Floating Rate Index ETF		2.77%3.23%4.93%4.91%1.85%0.30%1.07%1.96%1.60%0.95%0.77%0.94%

Frequently Asked Questions

DXV.TO and XFR.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.

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