DXW.TO vs. DXO.TO
DXW.TO (Dynamic Active International Dividend ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both exchange-traded funds - DXW.TO is a International Equity fund actively managed by Dynamic, while DXO.TO is a Corporate Bonds fund actively managed by Dynamic. Both are actively managed. Over the past 5 years, DXW.TO returned 4.87%/yr vs 2.78%/yr for DXO.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
DXW.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXW.TO achieves a 10.24% return, which is significantly higher than DXO.TO's 1.86% return.
DXW.TO
- 1D
- -0.32%
- 1M
- 2.39%
- 6M
- 6.33%
- YTD
- 10.24%
- 1Y
- 18.54%
- 3Y*
- 12.00%
- 5Y*
- 4.87%
- 10Y*
- —
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
DXW.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXW.TO Dynamic Active International Dividend ETF | 10.24% | 20.35% | 0.97% | 15.88% | -18.80% | 9.57% | 16.97% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 7.72% |
Correlation
The correlation between DXW.TO and DXO.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.20 |
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Return for Risk
DXW.TO vs. DXO.TO — Risk / Return Rank
DXW.TO
DXO.TO
DXW.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active International Dividend ETF (DXW.TO) and Dynamic Active Crossover Bond ETF (DXO.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.
| DXW.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.37 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.16 | 10.24 | -4.08 |
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Drawdowns
DXW.TO vs. DXO.TO - Drawdown Comparison
The maximum DXW.TO drawdown since its inception was -30.99%, which is greater than DXO.TO's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for DXW.TO and DXO.TO.
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Drawdown Indicators
| DXW.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -17.61% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -2.41% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -3.78% | -10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | -15.91% | -15.08% |
Current DrawdownCurrent decline from peak | -1.36% | -0.51% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -2.94% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.56% | +2.46% |
Volatility
DXW.TO vs. DXO.TO - Volatility Comparison
Dynamic Active International Dividend ETF (DXW.TO) has a higher volatility of 3.79% compared to Dynamic Active Crossover Bond ETF (DXO.TO) at 0.97%. This indicates that DXW.TO's price experiences larger fluctuations and is considered to be riskier than DXO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXW.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 0.97% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 2.65% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 3.34% | +11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 5.63% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 7.74% | +9.08% |
Dividends
DXW.TO vs. DXO.TO - Dividend Comparison
DXW.TO's dividend yield for the trailing twelve months is around 1.58%, less than DXO.TO's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.31% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
DXW.TO Dynamic Active International Dividend ETF | 1.58% | 2.38% | 2.21% | 1.94% | 2.36% | 1.35% | 0.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXW.TO and DXO.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXW.TO is categorized as International Equity, while DXO.TO is Corporate Bonds.
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