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DXZ.TO vs. HUM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXZ.TO vs. HUM.TO

Last updated Jul 16, 2026
Documentation

DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) and HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) are both exchange-traded funds - DXZ.TO is a Mid Cap Blend Equities fund actively managed by Dynamic, while HUM.TO is a Financials Equities fund actively managed by Hamilton. Both are actively managed. Over the past 5 years, DXZ.TO returned 4.55%/yr vs 9.45%/yr for HUM.TO. At a 0.17 correlation, their price movements are largely independent.

Performance

DXZ.TO vs. HUM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) and Hamilton U.S. Mid-Cap Financials ETF (HUM.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, DXZ.TO achieves a 9.64% return, which is significantly higher than HUM.TO's 4.01% return.

DXZ.TO

1D
-0.57%
1M
2.87%
6M
5.27%
YTD
9.64%
1Y
7.80%
3Y*
9.04%
5Y*
4.55%
10Y*
—

HUM.TO

1D
-0.47%
1M
4.45%
6M
3.19%
YTD
4.01%
1Y
7.60%
3Y*
16.42%
5Y*
9.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXZ.TO vs. HUM.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DXZ.TO
Dynamic Active U.S. Mid-Cap ETF		9.64%-6.29%19.70%7.48%-8.39%23.29%10.71%15.31%-10.23%
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		4.01%4.39%12.82%23.80%-11.26%41.41%-7.33%25.28%-26.84%

Correlation

The correlation between DXZ.TO and HUM.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.22

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2018

0.17

The correlation between DXZ.TO and HUM.TO shifts across timeframes, from 0.17 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.

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Dynamic Active U.S. Mid-Cap ETF

Hamilton U.S. Mid-Cap Financials ETF

Return for Risk

DXZ.TO vs. HUM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXZ.TO
DXZ.TO Risk / Return Rank: 2020
Overall Rank
DXZ.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
DXZ.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
DXZ.TO Omega Ratio Rank: 1818
Omega Ratio Rank
DXZ.TO Calmar Ratio Rank: 2323
Calmar Ratio Rank
DXZ.TO Martin Ratio Rank: 2323
Martin Ratio Rank
HUM.TO
HUM.TO Risk / Return Rank: 1616
Overall Rank
HUM.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
HUM.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
HUM.TO Omega Ratio Rank: 1616
Omega Ratio Rank
HUM.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
HUM.TO Martin Ratio Rank: 1616
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.

DXZ.TO vs. HUM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) and Hamilton U.S. Mid-Cap Financials ETF (HUM.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.

DXZ.TOHUM.TODifference
Sharpe ratioReturn per unit of total volatility
0.54
0.43

+0.11

Sortino ratioReturn per unit of downside risk
0.87
0.73

+0.14

Omega ratioGain probability vs. loss probability

1.11

1.09

+0.02

Calmar ratioReturn relative to maximum drawdown

0.89

0.52

+0.37

Martin ratioReturn relative to average drawdown

2.35

1.27

+1.08

DXZ.TO vs. HUM.TO - Sharpe Ratio Comparison

The current DXZ.TO Sharpe Ratio is 0.54, which is comparable to the HUM.TO Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of DXZ.TO and HUM.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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Drawdowns

DXZ.TO vs. HUM.TO - Drawdown Comparison

The maximum DXZ.TO drawdown since its inception was -27.44%, smaller than the maximum HUM.TO drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for DXZ.TO and HUM.TO.

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Drawdown Indicators

DXZ.TOHUM.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.44%

-49.06%

+21.62%

Max Drawdown (1Y)

Largest decline over 1 year

-8.80%

-14.68%

+5.88%

Max Drawdown (3Y)

Largest decline over 3 years

-17.53%

-31.97%

+14.44%

Max Drawdown (5Y)

Largest decline over 5 years

-23.95%

-34.43%

+10.48%

Current Drawdown

Current decline from peak

-3.46%

-13.68%

+10.22%

Average Drawdown

Average peak-to-trough decline

-6.71%

-15.32%

+8.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

6.00%

-2.67%

Volatility

DXZ.TO vs. HUM.TO - Volatility Comparison

The current volatility for Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) is 3.35%, while Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) has a volatility of 4.38%. This indicates that DXZ.TO experiences smaller price fluctuations and is considered to be less risky than HUM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXZ.TOHUM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.35%

4.38%

-1.03%

Volatility (6M)

Calculated over the trailing 6-month period

10.50%

12.69%

-2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

14.55%

17.65%

-3.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.56%

62.07%

-46.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.21%

63.46%

-41.25%

Dividends

DXZ.TO vs. HUM.TO - Dividend Comparison

DXZ.TO's dividend yield for the trailing twelve months is around 0.29%, less than HUM.TO's 1.27% yield.

PositionTTM20252024202320222021202020192018
DXZ.TO
Dynamic Active U.S. Mid-Cap ETF		0.29%0.32%0.43%0.63%0.07%0.36%0.85%0.45%0.35%
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		1.27%1.26%1.19%1.35%3.58%2.18%0.68%0.00%0.00%

Frequently Asked Questions

DXZ.TO and HUM.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DXZ.TO is categorized as Mid Cap Blend Equities, while HUM.TO is Financials Equities. They also come from different issuers: Dynamic and Hamilton.

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