DXW.TO vs. HXDM.TO
DXW.TO (Dynamic Active International Dividend ETF) and HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) are both International Equity funds. DXW.TO is actively managed, while HXDM.TO is passively managed. Over the past 5 years, DXW.TO returned 4.87%/yr vs 10.82%/yr for HXDM.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
DXW.TO vs. HXDM.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 lower than HXDM.TO's 12.68% 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*
- —
HXDM.TO
- 1D
- 0.32%
- 1M
- 0.52%
- 6M
- 7.52%
- YTD
- 12.68%
- 1Y
- 24.37%
- 3Y*
- 16.98%
- 5Y*
- 10.82%
- 10Y*
- —
DXW.TO vs. HXDM.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% |
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 12.68% | 24.06% | 11.07% | 15.09% | -8.78% | 10.16% | 3.29% |
Correlation
The correlation between DXW.TO and HXDM.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.43 |
Over the past year, the correlation between DXW.TO and HXDM.TO has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
DXW.TO vs. HXDM.TO — Risk / Return Rank
DXW.TO
HXDM.TO
DXW.TO vs. HXDM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active International Dividend ETF (DXW.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.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 | HXDM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.15 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.16 | 8.14 | -1.98 |
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Drawdowns
DXW.TO vs. HXDM.TO - Drawdown Comparison
The maximum DXW.TO drawdown since its inception was -30.99%, which is greater than HXDM.TO's maximum drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for DXW.TO and HXDM.TO.
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Drawdown Indicators
| DXW.TO | HXDM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -28.43% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -11.40% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -14.65% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | -23.87% | -7.12% |
Current DrawdownCurrent decline from peak | -1.36% | -2.34% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -4.78% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.00% | +0.02% |
Volatility
DXW.TO vs. HXDM.TO - Volatility Comparison
The current volatility for Dynamic Active International Dividend ETF (DXW.TO) is 3.79%, while Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a volatility of 3.99%. This indicates that DXW.TO experiences smaller price fluctuations and is considered to be less risky than HXDM.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 | HXDM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.99% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 13.45% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 15.64% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 14.25% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 15.43% | +1.39% |
Dividends
DXW.TO vs. HXDM.TO - Dividend Comparison
DXW.TO's dividend yield for the trailing twelve months is around 1.58%, while HXDM.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DXW.TO Dynamic Active International Dividend ETF | 1.58% | 2.38% | 2.21% | 1.94% | 2.36% | 1.35% | 0.97% |
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXW.TO and HXDM.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Dynamic and Global X.
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