HYBR.TO vs. DXP.TO
HYBR.TO (Global X Active Hybrid Bond and Preferred Share ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, HYBR.TO returned 8.26%/yr vs 8.04%/yr for DXP.TO. At a 0.31 correlation, their price movements are largely independent. HYBR.TO charges 0.65%/yr vs 0.64%/yr for DXP.TO.
Performance
HYBR.TO vs. DXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HYBR.TO achieves a 5.66% return, which is significantly higher than DXP.TO's 4.94% return.
HYBR.TO
- 1D
- -0.57%
- 1M
- -0.04%
- YTD
- 5.66%
- 6M
- 6.17%
- 1Y
- 16.26%
- 3Y*
- 19.91%
- 5Y*
- 8.26%
- 10Y*
- 8.54%
DXP.TO
- 1D
- 0.38%
- 1M
- 0.52%
- YTD
- 4.94%
- 6M
- 5.31%
- 1Y
- 13.92%
- 3Y*
- 18.18%
- 5Y*
- 8.04%
- 10Y*
- —
HYBR.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 5.66% | 17.73% | 27.83% | 6.98% | -15.95% | 26.17% | 5.51% | 0.63% | -10.44% | 12.40% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.94% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
Correlation
The correlation between HYBR.TO and DXP.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.31 |
Over the past year, the correlation between HYBR.TO and DXP.TO has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
HYBR.TO vs. DXP.TO — Risk / Return Rank
HYBR.TO
DXP.TO
HYBR.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) and Dynamic Active Preferred Shares ETF (DXP.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.
| HYBR.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.72 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 8.69 | 5.82 | +2.88 |
| Martin ratioReturn relative to average drawdown | 33.13 | 28.86 | +4.27 |
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Drawdowns
HYBR.TO vs. DXP.TO - Drawdown Comparison
The maximum HYBR.TO drawdown since its inception was -46.65%, which is greater than DXP.TO's maximum drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for HYBR.TO and DXP.TO.
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Drawdown Indicators
| HYBR.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.65% | -40.72% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -2.40% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -8.30% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -20.11% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -46.65% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | 0.00% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -6.60% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.48% | +0.01% |
Volatility
HYBR.TO vs. DXP.TO - Volatility Comparison
Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) has a higher volatility of 1.71% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.84%. This indicates that HYBR.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBR.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.84% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 2.52% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.81% | 4.00% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.47% | 9.28% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 12.20% | +0.79% |
HYBR.TO vs. DXP.TO - Expense Ratio Comparison
HYBR.TO has a 0.65% expense ratio, which is higher than DXP.TO's 0.64% expense ratio.
Dividends
HYBR.TO vs. DXP.TO - Dividend Comparison
HYBR.TO's dividend yield for the trailing twelve months is around 4.64%, more than DXP.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.40% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 4.64% | 4.31% | 4.24% | 5.28% | 5.56% | 3.94% | 5.14% | 4.78% | 4.26% | 3.70% | 4.28% | 4.34% |
Frequently Asked Questions
HYBR.TO and DXP.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXP.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXP.TO is cheaper with a 0.64% expense ratio, compared with 0.65% for HYBR.TO.
They also come from different issuers: Global X and Dynamic. Their fees differ too: 0.65% for HYBR.TO and 0.64% for DXP.TO.
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