DXZ.TO vs. MUMC.TO
DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) and MUMC.TO (Manulife Multifactor U.S. Mid Cap Index ETF Hedged) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past 5 years, DXZ.TO returned 4.55%/yr vs 6.15%/yr for MUMC.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
DXZ.TO vs. MUMC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXZ.TO achieves a 9.64% return, which is significantly lower than MUMC.TO's 10.94% 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*
- —
MUMC.TO
- 1D
- -0.79%
- 1M
- -0.28%
- 6M
- 7.47%
- YTD
- 10.94%
- 1Y
- 14.50%
- 3Y*
- 11.18%
- 5Y*
- 6.15%
- 10Y*
- —
DXZ.TO vs. MUMC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -3.63% | 11.31% |
MUMC.TO Manulife Multifactor U.S. Mid Cap Index ETF Hedged | 10.94% | 4.82% | 13.82% | 13.06% | -17.20% | 24.09% | 12.29% | 29.38% | -12.33% | 8.40% |
Correlation
The correlation between DXZ.TO and MUMC.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.35 |
The correlation between DXZ.TO and MUMC.TO shifts across timeframes, from 0.30 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXZ.TO vs. MUMC.TO — Risk / Return Rank
DXZ.TO
MUMC.TO
DXZ.TO vs. MUMC.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 Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.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.TO | MUMC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.40 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.35 | 4.17 | -1.82 |
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Drawdowns
DXZ.TO vs. MUMC.TO - Drawdown Comparison
The maximum DXZ.TO drawdown since its inception was -27.44%, smaller than the maximum MUMC.TO drawdown of -38.47%. Use the drawdown chart below to compare losses from any high point for DXZ.TO and MUMC.TO.
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Drawdown Indicators
| DXZ.TO | MUMC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -38.47% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -10.38% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -21.77% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.95% | -24.62% | +0.67% |
Current DrawdownCurrent decline from peak | -3.46% | -1.78% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -6.49% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 3.49% | -0.16% |
Volatility
DXZ.TO vs. MUMC.TO - Volatility Comparison
Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) has a higher volatility of 3.35% compared to Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO) at 3.17%. This indicates that DXZ.TO's price experiences larger fluctuations and is considered to be riskier than MUMC.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.TO | MUMC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 10.51% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 17.94% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 18.58% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 19.45% | +2.76% |
Dividends
DXZ.TO vs. MUMC.TO - Dividend Comparison
DXZ.TO's dividend yield for the trailing twelve months is around 0.29%, less than MUMC.TO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MUMC.TO Manulife Multifactor U.S. Mid Cap Index ETF Hedged | 0.81% | 1.00% | 0.70% | 1.05% | 0.86% | 0.63% | 0.90% | 0.90% | 1.19% | 0.73% |
Frequently Asked Questions
DXZ.TO and MUMC.TO have a correlation of 0.30, 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 Manulife.
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