DXZ.TO vs. XMC.TO
DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) and XMC.TO (iShares S&P U.S. Mid-Cap Index ETF) are both Mid Cap Blend Equities funds. DXZ.TO is actively managed, while XMC.TO is passively managed. Over the past 5 years, DXZ.TO returned 4.55%/yr vs 11.20%/yr for XMC.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
DXZ.TO vs. XMC.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 XMC.TO's 17.56% 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*
- —
XMC.TO
- 1D
- -0.02%
- 1M
- -0.30%
- 6M
- 10.68%
- YTD
- 17.56%
- 1Y
- 24.87%
- 3Y*
- 15.82%
- 5Y*
- 11.20%
- 10Y*
- 11.59%
DXZ.TO vs. XMC.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% |
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 17.56% | 2.37% | 22.99% | 13.65% | -7.61% | 23.39% | 11.11% | 20.90% | -4.83% | 9.49% |
Correlation
The correlation between DXZ.TO and XMC.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
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 | 0.36 |
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Return for Risk
DXZ.TO vs. XMC.TO — Risk / Return Rank
DXZ.TO
XMC.TO
DXZ.TO vs. XMC.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 iShares S&P U.S. Mid-Cap Index ETF (XMC.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 | XMC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.02 | -2.13 |
| Martin ratioReturn relative to average drawdown | 2.35 | 10.98 | -8.63 |
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Drawdowns
DXZ.TO vs. XMC.TO - Drawdown Comparison
The maximum DXZ.TO drawdown since its inception was -27.44%, smaller than the maximum XMC.TO drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for DXZ.TO and XMC.TO.
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Drawdown Indicators
| DXZ.TO | XMC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -36.38% | +8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -8.28% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -22.70% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.95% | -22.70% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.38% | — |
Current DrawdownCurrent decline from peak | -3.46% | -2.93% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -5.00% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.27% | +1.06% |
Volatility
DXZ.TO vs. XMC.TO - Volatility Comparison
Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) and iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) have volatilities of 3.35% and 3.41%, 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
| DXZ.TO | XMC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.41% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 11.81% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 15.88% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 17.67% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 18.58% | +3.63% |
Dividends
DXZ.TO vs. XMC.TO - Dividend Comparison
DXZ.TO's dividend yield for the trailing twelve months is around 0.29%, less than XMC.TO's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 0.91% | 1.10% | 0.94% | 1.17% | 1.27% | 0.99% | 1.07% | 1.43% | 1.57% | 0.98% | 1.06% | 0.54% |
Frequently Asked Questions
DXZ.TO and XMC.TO have a correlation of 0.35, 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 iShares.
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