FLCI.TO vs. DXO.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, FLCI.TO returned 2.15%/yr vs 2.77%/yr for DXO.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
FLCI.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLCI.TO achieves a 1.22% return, which is significantly lower than DXO.TO's 1.81% return.
FLCI.TO
- 1D
- -0.39%
- 1M
- -0.60%
- 6M
- 0.62%
- YTD
- 1.22%
- 1Y
- 5.04%
- 3Y*
- 6.62%
- 5Y*
- 2.15%
- 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*
- —
FLCI.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 1.22% | 4.88% | 8.03% | 8.31% | -10.13% | -1.62% | 7.74% | 8.29% | 0.09% | -0.28% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.81% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% | -1.94% | 0.83% |
Correlation
The correlation between FLCI.TO and DXO.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.21 |
The correlation between FLCI.TO and DXO.TO shifts across timeframes, from 0.21 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLCI.TO vs. DXO.TO — Risk / Return Rank
FLCI.TO
DXO.TO
FLCI.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Corporate Bond Fund ETF (FLCI.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.
| FLCI.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.30 | -0.07 |
| Martin ratioReturn relative to average drawdown | 6.32 | 9.91 | -3.59 |
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Drawdowns
FLCI.TO vs. DXO.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, roughly equal to the maximum DXO.TO drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and DXO.TO.
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Drawdown Indicators
| FLCI.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -17.61% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.41% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -3.78% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -15.91% | +1.28% |
Current DrawdownCurrent decline from peak | -1.16% | -0.56% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -2.94% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.56% | +0.24% |
Volatility
FLCI.TO vs. DXO.TO - Volatility Comparison
Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a higher volatility of 1.77% compared to Dynamic Active Crossover Bond ETF (DXO.TO) at 0.92%. This indicates that FLCI.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
| FLCI.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.92% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 2.65% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.34% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 5.63% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 7.73% | -1.26% |
Dividends
FLCI.TO vs. DXO.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.47%, 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% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.47% | 4.26% | 4.41% | 4.09% | 4.95% | 3.07% | 2.99% | 3.68% | 3.87% | 0.84% |
Frequently Asked Questions
FLCI.TO and DXO.TO have a correlation of 0.37, 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: Franklin and Dynamic.
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