HAD.TO vs. DCU.TO
HAD.TO (Global X Active Canadian Bond ETF) and DCU.TO (Desjardins Canadian Universe Bond Index ETF) are both Total Bond Market funds. Both are actively managed. Over the past 5 years, HAD.TO returned 0.24%/yr vs 0.39%/yr for DCU.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
HAD.TO vs. DCU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAD.TO achieves a 0.97% return, which is significantly lower than DCU.TO's 1.27% return.
HAD.TO
- 1D
- 0.33%
- 1M
- -0.58%
- 6M
- 0.64%
- YTD
- 0.97%
- 1Y
- 4.00%
- 3Y*
- 4.26%
- 5Y*
- 0.24%
- 10Y*
- 1.37%
DCU.TO
- 1D
- 0.17%
- 1M
- -0.44%
- 6M
- 0.65%
- YTD
- 1.27%
- 1Y
- 4.20%
- 3Y*
- 4.06%
- 5Y*
- 0.39%
- 10Y*
- —
HAD.TO vs. DCU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAD.TO Global X Active Canadian Bond ETF | 0.97% | 3.04% | 4.29% | 6.25% | -12.17% | -4.66% | 9.99% | 5.62% | 2.59% | 2.11% |
DCU.TO Desjardins Canadian Universe Bond Index ETF | 1.27% | 2.19% | 3.83% | 6.53% | -11.04% | -2.76% | 8.04% | 6.70% | 0.31% | 1.59% |
Correlation
The correlation between HAD.TO and DCU.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017 | 0.32 |
The correlation between HAD.TO and DCU.TO shifts across timeframes, from 0.32 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HAD.TO vs. DCU.TO — Risk / Return Rank
HAD.TO
DCU.TO
HAD.TO vs. DCU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Bond ETF (HAD.TO) and Desjardins Canadian Universe Bond Index ETF (DCU.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.
| HAD.TO | DCU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.53 | -0.21 |
| Martin ratioReturn relative to average drawdown | 3.48 | 3.78 | -0.30 |
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Drawdowns
HAD.TO vs. DCU.TO - Drawdown Comparison
The maximum HAD.TO drawdown since its inception was -22.77%, which is greater than DCU.TO's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for HAD.TO and DCU.TO.
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Drawdown Indicators
| HAD.TO | DCU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -17.81% | -4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.76% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -4.43% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -15.40% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -22.77% | — | — |
Current DrawdownCurrent decline from peak | -4.38% | -1.90% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -5.21% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.11% | +0.04% |
Volatility
HAD.TO vs. DCU.TO - Volatility Comparison
Global X Active Canadian Bond ETF (HAD.TO) has a higher volatility of 1.46% compared to Desjardins Canadian Universe Bond Index ETF (DCU.TO) at 1.06%. This indicates that HAD.TO's price experiences larger fluctuations and is considered to be riskier than DCU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAD.TO | DCU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.06% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 3.29% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 4.12% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 6.25% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 6.29% | +2.61% |
Dividends
HAD.TO vs. DCU.TO - Dividend Comparison
HAD.TO's dividend yield for the trailing twelve months is around 3.73%, more than DCU.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCU.TO Desjardins Canadian Universe Bond Index ETF | 3.17% | 3.07% | 2.92% | 2.58% | 3.49% | 3.00% | 2.82% | 2.79% | 2.90% | 2.12% | 0.00% | 0.00% |
HAD.TO Global X Active Canadian Bond ETF | 3.73% | 3.46% | 3.14% | 3.04% | 3.12% | 2.09% | 2.04% | 2.29% | 2.64% | 2.85% | 2.96% | 2.61% |
Frequently Asked Questions
HAD.TO and DCU.TO have a correlation of 0.43, 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: Global X and Desjardins.
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