TUED.TO vs. DXU.TO
TUED.TO (TD Active U.S. Enhanced Dividend ETF) and DXU.TO (Dynamic Active U.S. Dividend ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, TUED.TO returned 12.74%/yr vs 13.52%/yr for DXU.TO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
TUED.TO vs. DXU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TUED.TO achieves a 16.47% return, which is significantly lower than DXU.TO's 23.13% return.
TUED.TO
- 1D
- -0.85%
- 1M
- -0.93%
- 6M
- 12.52%
- YTD
- 16.47%
- 1Y
- 23.31%
- 3Y*
- 22.69%
- 5Y*
- 12.74%
- 10Y*
- —
DXU.TO
- 1D
- -1.02%
- 1M
- -1.48%
- 6M
- 19.20%
- YTD
- 23.13%
- 1Y
- 29.36%
- 3Y*
- 25.20%
- 5Y*
- 13.52%
- 10Y*
- —
TUED.TO vs. DXU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUED.TO TD Active U.S. Enhanced Dividend ETF | 16.47% | 8.11% | 34.84% | 13.55% | -5.96% | 27.46% | 16.94% |
DXU.TO Dynamic Active U.S. Dividend ETF | 23.13% | 9.36% | 38.05% | 9.43% | -14.91% | 14.93% | 20.66% |
Correlation
The correlation between TUED.TO and DXU.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020 | 0.64 |
The correlation between TUED.TO and DXU.TO shifts across timeframes, from 0.64 (1 year) to 0.78 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TUED.TO vs. DXU.TO — Risk / Return Rank
TUED.TO
DXU.TO
TUED.TO vs. DXU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. Enhanced Dividend ETF (TUED.TO) and Dynamic Active U.S. Dividend ETF (DXU.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.
| TUED.TO | DXU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.22 | -1.00 |
| Martin ratioReturn relative to average drawdown | 7.97 | 9.33 | -1.36 |
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Drawdowns
TUED.TO vs. DXU.TO - Drawdown Comparison
The maximum TUED.TO drawdown since its inception was -27.76%, smaller than the maximum DXU.TO drawdown of -29.23%. Use the drawdown chart below to compare losses from any high point for TUED.TO and DXU.TO.
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Drawdown Indicators
| TUED.TO | DXU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.76% | -29.23% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.15% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -23.80% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -24.83% | -2.93% |
Current DrawdownCurrent decline from peak | -4.04% | -5.44% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -6.63% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.16% | -0.23% |
Volatility
TUED.TO vs. DXU.TO - Volatility Comparison
TD Active U.S. Enhanced Dividend ETF (TUED.TO) has a higher volatility of 6.54% compared to Dynamic Active U.S. Dividend ETF (DXU.TO) at 5.83%. This indicates that TUED.TO's price experiences larger fluctuations and is considered to be riskier than DXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUED.TO | DXU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 5.83% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 16.07% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 19.84% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 18.58% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.84% | 19.68% | +15.16% |
Dividends
TUED.TO vs. DXU.TO - Dividend Comparison
TUED.TO's dividend yield for the trailing twelve months is around 2.56%, while DXU.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXU.TO Dynamic Active U.S. Dividend ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% |
TUED.TO TD Active U.S. Enhanced Dividend ETF | 2.56% | 2.89% | 2.27% | 2.84% | 3.13% | 2.45% | 1.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUED.TO and DXU.TO have a correlation of 0.64, 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: TD and Dynamic.
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