FHI.TO vs. DXQ.TO
FHI.TO (CI Health Care Giants Covered Call ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, FHI.TO returned 5.07%/yr vs 17.36%/yr for DXQ.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
FHI.TO vs. DXQ.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly lower than DXQ.TO's 8.44% return.
FHI.TO
- 1D
- -0.93%
- 1M
- 4.19%
- YTD
- 1.35%
- 6M
- 1.26%
- 1Y
- 11.83%
- 3Y*
- 5.07%
- 5Y*
- 5.58%
- 10Y*
- —
DXQ.TO
- 1D
- 0.60%
- 1M
- 1.25%
- YTD
- 8.44%
- 6M
- 8.44%
- 1Y
- 16.99%
- 3Y*
- 17.36%
- 5Y*
- —
- 10Y*
- —
FHI.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 1.35% | 11.94% | -0.77% | 0.77% | 7.42% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 8.44% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between FHI.TO and DXQ.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHI.TO vs. DXQ.TO — Risk / Return Rank
FHI.TO
DXQ.TO
FHI.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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.
| FHI.TO | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.34 | -2.00 |
| Martin ratioReturn relative to average drawdown | 3.06 | 9.21 | -6.15 |
Loading charts...
Drawdowns
FHI.TO vs. DXQ.TO - Drawdown Comparison
The maximum FHI.TO drawdown since its inception was -29.85%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for FHI.TO and DXQ.TO.
Loading charts...
Drawdown Indicators
| FHI.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -15.54% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -5.11% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -15.54% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.43% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -0.88% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -1.26% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 1.85% | +2.02% |
Volatility
FHI.TO vs. DXQ.TO - Volatility Comparison
CI Health Care Giants Covered Call ETF (FHI.TO) has a higher volatility of 4.59% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 3.15%. This indicates that FHI.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHI.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.15% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 7.59% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 9.31% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 10.91% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 10.91% | +5.61% |
Dividends
FHI.TO vs. DXQ.TO - Dividend Comparison
FHI.TO's dividend yield for the trailing twelve months is around 7.02%, less than DXQ.TO's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.82% | 7.45% | 5.74% | 6.54% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
FHI.TO CI Health Care Giants Covered Call ETF | 7.02% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
Frequently Asked Questions
FHI.TO and DXQ.TO have a correlation of 0.09, 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: CI and Dynamic.
Find the right allocation for FHI.TO and DXQ.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer