XETM.TO vs. DXMO.TO
XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and DXMO.TO (Dynamic Active Mining Opportunities ETF) are both Materials funds. XETM.TO is passively managed, while DXMO.TO is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. XETM.TO charges 0.59%/yr vs 0.74%/yr for DXMO.TO.
Performance
XETM.TO vs. DXMO.TO - Performance Comparison
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Returns By Period
XETM.TO
- 1D
- -4.74%
- 1M
- -2.13%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXMO.TO
- 1D
- -4.50%
- 1M
- -0.55%
- YTD
- 4.35%
- 6M
- 2.59%
- 1Y
- 56.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XETM.TO vs. DXMO.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | -4.36% |
DXMO.TO Dynamic Active Mining Opportunities ETF | -8.27% |
Correlation
The correlation between XETM.TO and DXMO.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026 | 0.90 |
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Return for Risk
XETM.TO vs. DXMO.TO — Risk / Return Rank
XETM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DXMO.TO
XETM.TO vs. DXMO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Dynamic Active Mining Opportunities ETF (DXMO.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.
| XETM.TO | DXMO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.30 | — |
| Martin ratioReturn relative to average drawdown | — | 6.42 | — |
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Drawdowns
XETM.TO vs. DXMO.TO - Drawdown Comparison
The maximum XETM.TO drawdown since its inception was -25.13%, roughly equal to the maximum DXMO.TO drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for XETM.TO and DXMO.TO.
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Drawdown Indicators
| XETM.TO | DXMO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.13% | -26.12% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.12% | — |
Current DrawdownCurrent decline from peak | -14.50% | -16.37% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -5.84% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.12% | — |
Volatility
XETM.TO vs. DXMO.TO - Volatility Comparison
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Volatility by Period
| XETM.TO | DXMO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.11% | 38.30% | +11.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.11% | 39.82% | +10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.11% | 39.82% | +10.29% |
XETM.TO vs. DXMO.TO - Expense Ratio Comparison
XETM.TO has a 0.59% expense ratio, which is lower than DXMO.TO's 0.74% expense ratio.
Dividends
XETM.TO vs. DXMO.TO - Dividend Comparison
Neither XETM.TO nor DXMO.TO has paid dividends to shareholders.
Frequently Asked Questions
XETM.TO and DXMO.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XETM.TO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XETM.TO is cheaper with a 0.59% expense ratio, compared with 0.74% for DXMO.TO.
They also come from different issuers: iShares and Dynamic. Their fees differ too: 0.59% for XETM.TO and 0.74% for DXMO.TO.
Find the right allocation for XETM.TO and DXMO.TO
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