MFT.TO vs. DXO.TO
MFT.TO (Mackenzie Floating Rate Income ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, MFT.TO returned 3.71%/yr vs 2.78%/yr for DXO.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
MFT.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MFT.TO achieves a 2.53% return, which is significantly higher than DXO.TO's 1.86% return.
MFT.TO
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 2.08%
- YTD
- 2.53%
- 1Y
- 2.43%
- 3Y*
- 5.49%
- 5Y*
- 3.71%
- 10Y*
- 4.41%
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
MFT.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 2.53% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% | 6.00% | 2.29% | 7.57% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% | -1.94% | 4.52% |
Correlation
The correlation between MFT.TO and DXO.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2017 | 0.08 |
The correlation between MFT.TO and DXO.TO shifts across timeframes, from -0.01 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MFT.TO vs. DXO.TO — Risk / Return Rank
MFT.TO
DXO.TO
MFT.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Floating Rate Income ETF (MFT.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.
| MFT.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.37 | -0.53 |
| Martin ratioReturn relative to average drawdown | 4.39 | 10.24 | -5.86 |
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Drawdowns
MFT.TO vs. DXO.TO - Drawdown Comparison
The maximum MFT.TO drawdown since its inception was -20.87%, which is greater than DXO.TO's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for MFT.TO and DXO.TO.
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Drawdown Indicators
| MFT.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -17.61% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -2.41% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -3.78% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -15.91% | +8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -2.94% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.56% | -0.01% |
Volatility
MFT.TO vs. DXO.TO - Volatility Comparison
The current volatility for Mackenzie Floating Rate Income ETF (MFT.TO) is 0.79%, while Dynamic Active Crossover Bond ETF (DXO.TO) has a volatility of 0.97%. This indicates that MFT.TO experiences smaller price fluctuations and is considered to be less risky 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
| MFT.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.97% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 2.65% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 3.34% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 5.63% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 7.74% | -2.64% |
Dividends
MFT.TO vs. DXO.TO - Dividend Comparison
MFT.TO's dividend yield for the trailing twelve months is around 8.29%, more than DXO.TO's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.31% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% | 0.00% |
MFT.TO Mackenzie Floating Rate Income ETF | 8.29% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
Frequently Asked Questions
MFT.TO and DXO.TO have a correlation of -0.01, 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: Mackenzie and Dynamic.
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