XIGS.TO vs. DXO.TO
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and DXO.TO (Dynamic Active Crossover Bond ETF) are both Corporate Bonds funds. XIGS.TO is passively managed, while DXO.TO is actively managed. Over the past 5 years, XIGS.TO returned 1.33%/yr vs 2.78%/yr for DXO.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
XIGS.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIGS.TO achieves a -0.01% return, which is significantly lower than DXO.TO's 1.86% return.
XIGS.TO
- 1D
- 0.16%
- 1M
- -0.01%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 2.22%
- 3Y*
- 4.03%
- 5Y*
- 1.33%
- 10Y*
- —
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
XIGS.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.01% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 1.24% |
Correlation
The correlation between XIGS.TO and DXO.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.33 |
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Return for Risk
XIGS.TO vs. DXO.TO — Risk / Return Rank
XIGS.TO
DXO.TO
XIGS.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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.
| XIGS.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.37 | -0.98 |
| Martin ratioReturn relative to average drawdown | 3.93 | 10.24 | -6.32 |
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Drawdowns
XIGS.TO vs. DXO.TO - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum DXO.TO drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and DXO.TO.
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Drawdown Indicators
| XIGS.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -17.61% | +7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -2.41% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -3.78% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -15.91% | +5.79% |
Current DrawdownCurrent decline from peak | -0.73% | -0.51% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -2.94% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.56% | 0.00% |
Volatility
XIGS.TO vs. DXO.TO - Volatility Comparison
The current volatility for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) is 0.74%, while Dynamic Active Crossover Bond ETF (DXO.TO) has a volatility of 0.97%. This indicates that XIGS.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
| XIGS.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.97% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 2.65% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 3.34% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 5.63% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 7.74% | -4.44% |
Dividends
XIGS.TO vs. DXO.TO - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.54%, less than DXO.TO's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.54% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XIGS.TO and DXO.TO have a correlation of 0.42, 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: iShares and Dynamic.
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