X.TO vs. DXP.TO
X.TO (TMX Group Limited) is a stock, while DXP.TO (Dynamic Active Preferred Shares ETF) is Preferred Stock/Convertible Bonds fund actively managed by Dynamic. Over the past 5 years, X.TO returned 22.21%/yr vs 7.96%/yr for DXP.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
X.TO vs. DXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, X.TO achieves a -9.61% return, which is significantly lower than DXP.TO's 4.36% return.
X.TO
- 1D
- -2.68%
- 1M
- -12.92%
- YTD
- -9.61%
- 6M
- -9.26%
- 1Y
- -15.15%
- 3Y*
- 20.25%
- 5Y*
- 22.21%
- 10Y*
- 29.61%
DXP.TO
- 1D
- -0.08%
- 1M
- 0.03%
- YTD
- 4.36%
- 6M
- 4.61%
- 1Y
- 14.21%
- 3Y*
- 17.86%
- 5Y*
- 7.96%
- 10Y*
- —
X.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X.TO TMX Group Limited | -9.61% | 19.83% | 40.85% | 27.51% | 20.20% | 28.63% | 25.96% | 80.88% | 15.53% | 17.59% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.36% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
Correlation
The correlation between X.TO and DXP.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.11 |
The correlation between X.TO and DXP.TO shifts across timeframes, from -0.06 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
X.TO vs. DXP.TO — Risk / Return Rank
X.TO
DXP.TO
X.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TMX Group Limited (X.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.
| X.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -6.21 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.72 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 5.94 | -6.61 |
| Martin ratioReturn relative to average drawdown | -1.39 | 29.44 | -30.83 |
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Drawdowns
X.TO vs. DXP.TO - Drawdown Comparison
The maximum X.TO drawdown since its inception was -51.85%, 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 X.TO and DXP.TO.
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Drawdown Indicators
| X.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.85% | -40.72% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -2.40% | -20.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -8.30% | -14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -20.11% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -27.26% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -0.11% | -17.79% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -6.61% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 0.48% | +10.47% |
Volatility
X.TO vs. DXP.TO - Volatility Comparison
TMX Group Limited (X.TO) has a higher volatility of 10.70% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.94%. This indicates that X.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
| X.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 0.94% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 2.55% | +17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 4.02% | +20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 9.28% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 12.21% | +9.39% |
Dividends
X.TO vs. DXP.TO - Dividend Comparison
X.TO's dividend yield for the trailing twelve months is around 1.97%, less than DXP.TO's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.41% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
X.TO TMX Group Limited | 1.97% | 1.61% | 1.69% | 6.55% | 12.25% | 23.74% | 10.70% | 11.20% | 15.83% | 13.84% | 11.54% | 22.35% |
Frequently Asked Questions
X.TO and DXP.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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