PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XMC.TO vs. DXZ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMC.TO vs. DXZ.TO

Last updated Jul 18, 2026
Documentation

XMC.TO (iShares S&P U.S. Mid-Cap Index ETF) and DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) are both Mid Cap Blend Equities funds. XMC.TO is passively managed, while DXZ.TO is actively managed. Over the past 5 years, XMC.TO returned 11.12%/yr vs 4.82%/yr for DXZ.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

XMC.TO vs. DXZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and Dynamic Active U.S. Mid-Cap ETF (DXZ.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XMC.TO achieves a 17.19% return, which is significantly higher than DXZ.TO's 11.05% return.

XMC.TO

1D
-0.61%
1M
0.02%
6M
8.97%
YTD
17.19%
1Y
22.46%
3Y*
15.22%
5Y*
11.12%
10Y*
11.49%

DXZ.TO

1D
1.43%
1M
3.66%
6M
5.20%
YTD
11.05%
1Y
10.20%
3Y*
9.27%
5Y*
4.82%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMC.TO vs. DXZ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMC.TO
iShares S&P U.S. Mid-Cap Index ETF		17.19%2.37%22.99%13.65%-7.61%23.39%11.11%20.90%-4.83%9.49%
DXZ.TO
Dynamic Active U.S. Mid-Cap ETF		11.05%-6.29%19.70%7.48%-8.39%23.29%10.71%15.31%-3.63%11.31%

Correlation

The correlation between XMC.TO and DXZ.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2017

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P U.S. Mid-Cap Index ETF

Dynamic Active U.S. Mid-Cap ETF

Often compared with XMC.TO:
XMC.TO vs. XSMC.TOXMC.TO vs. ZEB.TOXMC.TO vs. XSP.TOXMC.TO vs. XSMOXMC.TO vs. IMCGXMC.TO vs. FMDEXMC.TO vs. VOE
Often compared with DXZ.TO:
DXZ.TO vs. DXC.TODXZ.TO vs. MUMC.TODXZ.TO vs. ZMID.TODXZ.TO vs. DXB.TODXZ.TO vs. DXF.TODXZ.TO vs. DXG.TODXZ.TO vs. DXBB.TO

Return for Risk

XMC.TO vs. DXZ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMC.TO
XMC.TO Risk / Return Rank: 6161
Overall Rank
XMC.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XMC.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XMC.TO Omega Ratio Rank: 5151
Omega Ratio Rank
XMC.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XMC.TO Martin Ratio Rank: 7171
Martin Ratio Rank
DXZ.TO
DXZ.TO Risk / Return Rank: 2727
Overall Rank
DXZ.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
DXZ.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
DXZ.TO Omega Ratio Rank: 2525
Omega Ratio Rank
DXZ.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
DXZ.TO Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XMC.TO vs. DXZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and Dynamic Active U.S. Mid-Cap ETF (DXZ.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.

XMC.TODXZ.TODifference
Sharpe ratioReturn per unit of total volatility
1.43
0.71

+0.73

Sortino ratioReturn per unit of downside risk
2.16
1.11

+1.05

Omega ratioGain probability vs. loss probability

1.26

1.14

+0.12

Calmar ratioReturn relative to maximum drawdown

2.72

1.16

+1.56

Martin ratioReturn relative to average drawdown

9.85

3.07

+6.78

XMC.TO vs. DXZ.TO - Sharpe Ratio Comparison

The current XMC.TO Sharpe Ratio is 1.43, which is higher than the DXZ.TO Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of XMC.TO and DXZ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XMC.TO vs. DXZ.TO - Drawdown Comparison

The maximum XMC.TO drawdown since its inception was -36.38%, which is greater than DXZ.TO's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for XMC.TO and DXZ.TO.

Loading charts...

Drawdown Indicators

XMC.TODXZ.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.38%

-27.44%

-8.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.28%

-8.80%

+0.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

-17.53%

-5.17%

Max Drawdown (5Y)

Largest decline over 5 years

-22.70%

-23.95%

+1.25%

Max Drawdown (10Y)

Largest decline over 10 years

-36.38%

—

—

Current Drawdown

Current decline from peak

-3.24%

-2.22%

-1.02%

Average Drawdown

Average peak-to-trough decline

-5.00%

-6.70%

+1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

3.33%

-1.04%

Volatility

XMC.TO vs. DXZ.TO - Volatility Comparison

The current volatility for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) is 3.44%, while Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) has a volatility of 3.65%. This indicates that XMC.TO experiences smaller price fluctuations and is considered to be less risky than DXZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMC.TODXZ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

3.65%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

11.76%

10.42%

+1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.81%

14.52%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

15.57%

+2.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.58%

22.21%

-3.63%

Dividends

XMC.TO vs. DXZ.TO - Dividend Comparison

XMC.TO's dividend yield for the trailing twelve months is around 0.91%, more than DXZ.TO's 0.29% yield.

PositionTTM20252024202320222021202020192018201720162015
DXZ.TO
Dynamic Active U.S. Mid-Cap ETF		0.29%0.32%0.43%0.63%0.07%0.36%0.85%0.45%0.35%0.00%0.00%0.00%
XMC.TO
iShares S&P U.S. Mid-Cap Index ETF		0.91%1.10%0.94%1.17%1.27%0.99%1.07%1.43%1.57%0.98%1.06%0.54%

Frequently Asked Questions

XMC.TO and DXZ.TO have a correlation of 0.34, 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.

Portfolio Optimizer

Find the right allocation for XMC.TO and DXZ.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer