ESGB.TO vs. DXO.TO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both Corporate Bonds funds. Over the past 5 years, ESGB.TO returned 1.88%/yr vs 2.77%/yr for DXO.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 1.09% return, which is significantly lower than DXO.TO's 1.81% return.
ESGB.TO
- 1D
- 0.11%
- 1M
- -0.61%
- 6M
- 0.48%
- YTD
- 1.09%
- 1Y
- 4.21%
- 3Y*
- 5.97%
- 5Y*
- 1.88%
- 10Y*
- —
DXO.TO
- 1D
- 0.05%
- 1M
- -0.14%
- 6M
- 1.45%
- YTD
- 1.81%
- 1Y
- 5.53%
- 3Y*
- 7.25%
- 5Y*
- 2.77%
- 10Y*
- —
ESGB.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 1.09% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.81% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 8.94% |
Correlation
The correlation between ESGB.TO and DXO.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.23 |
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Return for Risk
ESGB.TO vs. DXO.TO — Risk / Return Rank
ESGB.TO
DXO.TO
ESGB.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) and Dynamic Active Crossover Bond ETF (DXO.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.
| ESGB.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.30 | -0.59 |
| Martin ratioReturn relative to average drawdown | 4.89 | 9.91 | -5.02 |
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Drawdowns
ESGB.TO vs. DXO.TO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, smaller than the maximum DXO.TO drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and DXO.TO.
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Drawdown Indicators
| ESGB.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -17.61% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.41% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -3.78% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -15.91% | +1.95% |
Current DrawdownCurrent decline from peak | -1.53% | -0.56% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.94% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.56% | +0.30% |
Volatility
ESGB.TO vs. DXO.TO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.73% compared to Dynamic Active Crossover Bond ETF (DXO.TO) at 0.92%. This indicates that ESGB.TO's price experiences larger fluctuations and is considered to be riskier than DXO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.92% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.65% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.34% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 5.63% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 7.73% | -1.75% |
Dividends
ESGB.TO vs. DXO.TO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 4.03%, less than DXO.TO's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.32% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
ESGB.TO BMO ESG Corporate Bond Index ETF | 4.03% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESGB.TO and DXO.TO have a correlation of 0.26, 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: BMO and Dynamic.
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