DXW.TO vs. VXM.TO
DXW.TO (Dynamic Active International Dividend ETF) and VXM.TO (CI Morningstar International Value CAD Hedged) are both International Equity funds. DXW.TO is actively managed, while VXM.TO is passively managed. Over the past 5 years, DXW.TO returned 4.87%/yr vs 20.83%/yr for VXM.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
DXW.TO vs. VXM.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 VXM.TO's 12.15% 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*
- —
VXM.TO
- 1D
- 0.36%
- 1M
- 0.92%
- 6M
- 8.02%
- YTD
- 12.15%
- 1Y
- 33.55%
- 3Y*
- 28.19%
- 5Y*
- 20.83%
- 10Y*
- 13.99%
DXW.TO vs. VXM.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% |
VXM.TO CI Morningstar International Value CAD Hedged | 12.15% | 44.77% | 19.29% | 24.08% | 3.19% | 19.09% | -12.19% |
Correlation
The correlation between DXW.TO and VXM.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.21 |
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Return for Risk
DXW.TO vs. VXM.TO — Risk / Return Rank
DXW.TO
VXM.TO
DXW.TO vs. VXM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active International Dividend ETF (DXW.TO) and CI Morningstar International Value CAD Hedged (VXM.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 | VXM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.58 | -1.76 |
| Martin ratioReturn relative to average drawdown | 6.16 | 12.09 | -5.93 |
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Drawdowns
DXW.TO vs. VXM.TO - Drawdown Comparison
The maximum DXW.TO drawdown since its inception was -30.99%, smaller than the maximum VXM.TO drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for DXW.TO and VXM.TO.
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Drawdown Indicators
| DXW.TO | VXM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -42.73% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -9.40% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -13.71% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | -14.47% | -16.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.73% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.71% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -7.52% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.78% | +0.24% |
Volatility
DXW.TO vs. VXM.TO - Volatility Comparison
Dynamic Active International Dividend ETF (DXW.TO) and CI Morningstar International Value CAD Hedged (VXM.TO) have volatilities of 3.79% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXW.TO | VXM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.92% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 11.69% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 13.45% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 14.80% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 16.60% | +0.22% |
Dividends
DXW.TO vs. VXM.TO - Dividend Comparison
DXW.TO's dividend yield for the trailing twelve months is around 1.58%, less than VXM.TO's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VXM.TO CI Morningstar International Value CAD Hedged | 1.79% | 2.03% | 3.60% | 3.37% | 3.53% | 2.08% | 2.27% | 1.56% | 2.07% | 1.51% | 1.85% | 2.30% |
Frequently Asked Questions
DXW.TO and VXM.TO have a correlation of 0.18, 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 CI Investments.
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