DXV.TO vs. XSH.TO
Compare and contrast key facts about Dynamic Active Investment Grade Floating Rate ETF (DXV.TO) and iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO).
DXV.TO and XSH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Sep 13, 2011.
Performance
DXV.TO vs. XSH.TO - Performance Comparison
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DXV.TO vs. XSH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DXV.TO Dynamic Active Investment Grade Floating Rate ETF | 0.54% | 4.04% | 5.84% | 6.04% | 1.49% | -0.21% | 3.59% | 3.58% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 0.19% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.29% |
Returns By Period
In the year-to-date period, DXV.TO achieves a 0.54% return, which is significantly higher than XSH.TO's 0.19% return.
DXV.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.54%
- 6M
- 1.31%
- 1Y
- 3.67%
- 3Y*
- 5.05%
- 5Y*
- 3.42%
- 10Y*
- —
XSH.TO
- 1D
- 0.26%
- 1M
- -0.87%
- YTD
- 0.19%
- 6M
- 0.69%
- 1Y
- 3.33%
- 3Y*
- 5.53%
- 5Y*
- 2.68%
- 10Y*
- 2.78%
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DXV.TO vs. XSH.TO - Expense Ratio Comparison
Return for Risk
DXV.TO vs. XSH.TO — Risk / Return Rank
DXV.TO
XSH.TO
DXV.TO vs. XSH.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 Core Canadian Short Term Corporate Bond Index ETF (XSH.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.TO | XSH.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 1.62 | +0.83 |
Sortino ratioReturn per unit of downside risk | 3.78 | 2.23 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.32 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 7.14 | 2.25 | +4.89 |
Martin ratioReturn relative to average drawdown | 35.41 | 9.41 | +25.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXV.TO | XSH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.62 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.97 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.73 | -0.06 |
Correlation
The correlation between DXV.TO and XSH.TO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DXV.TO vs. XSH.TO - Dividend Comparison
DXV.TO's dividend yield for the trailing twelve months is around 3.17%, less than XSH.TO's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXV.TO Dynamic Active Investment Grade Floating Rate ETF | 3.17% | 3.35% | 5.32% | 6.33% | 3.98% | 0.69% | 1.89% | 2.25% | 1.78% | 0.00% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.89% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
Drawdowns
DXV.TO vs. XSH.TO - Drawdown Comparison
The maximum DXV.TO drawdown since its inception was -11.62%, smaller than the maximum XSH.TO drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for DXV.TO and XSH.TO.
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Drawdown Indicators
| DXV.TO | XSH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -14.24% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -1.51% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -2.71% | -7.80% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.87% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.93% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.36% | -0.26% |
Volatility
DXV.TO vs. XSH.TO - Volatility Comparison
The current volatility for Dynamic Active Investment Grade Floating Rate ETF (DXV.TO) is 0.62%, while iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) has a volatility of 1.15%. This indicates that DXV.TO experiences smaller price fluctuations and is considered to be less risky than XSH.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.TO | XSH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.15% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.52% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 2.06% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.05% | 2.79% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 4.42% | +0.26% |