ZGI.TO vs. DXN.TO
ZGI.TO (BMO Global Infrastructure Index ETF) and DXN.TO (Dynamic Active Global Infrastructure ETF) are both Industrials Equities funds. ZGI.TO is passively managed, while DXN.TO is actively managed. Over the past 5 years, ZGI.TO returned 10.65%/yr vs 9.42%/yr for DXN.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
ZGI.TO vs. DXN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZGI.TO achieves a 17.33% return, which is significantly higher than DXN.TO's 13.74% return.
ZGI.TO
- 1D
- -1.04%
- 1M
- 1.47%
- 6M
- 15.40%
- YTD
- 17.33%
- 1Y
- 17.58%
- 3Y*
- 15.07%
- 5Y*
- 10.65%
- 10Y*
- 8.52%
DXN.TO
- 1D
- 0.41%
- 1M
- 1.83%
- 6M
- 12.29%
- YTD
- 13.74%
- 1Y
- 19.11%
- 3Y*
- 13.79%
- 5Y*
- 9.42%
- 10Y*
- —
ZGI.TO vs. DXN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZGI.TO BMO Global Infrastructure Index ETF | 17.33% | 1.01% | 25.45% | -0.64% | 4.56% | 26.89% | -17.74% |
DXN.TO Dynamic Active Global Infrastructure ETF | 13.74% | 15.33% | 15.13% | -0.89% | -1.00% | 10.60% | -7.54% |
Correlation
The correlation between ZGI.TO and DXN.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.39 |
The correlation between ZGI.TO and DXN.TO shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZGI.TO vs. DXN.TO — Risk / Return Rank
ZGI.TO
DXN.TO
ZGI.TO vs. DXN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Infrastructure Index ETF (ZGI.TO) and Dynamic Active Global Infrastructure ETF (DXN.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.
| ZGI.TO | DXN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.08 | -0.43 |
| Martin ratioReturn relative to average drawdown | 7.31 | 9.32 | -2.02 |
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Drawdowns
ZGI.TO vs. DXN.TO - Drawdown Comparison
The maximum ZGI.TO drawdown since its inception was -34.76%, roughly equal to the maximum DXN.TO drawdown of -34.85%. Use the drawdown chart below to compare losses from any high point for ZGI.TO and DXN.TO.
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Drawdown Indicators
| ZGI.TO | DXN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -34.85% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -6.50% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -14.79% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -18.55% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.76% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.25% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -5.74% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.14% | +0.27% |
Volatility
ZGI.TO vs. DXN.TO - Volatility Comparison
BMO Global Infrastructure Index ETF (ZGI.TO) has a higher volatility of 4.39% compared to Dynamic Active Global Infrastructure ETF (DXN.TO) at 2.92%. This indicates that ZGI.TO's price experiences larger fluctuations and is considered to be riskier than DXN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZGI.TO | DXN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.92% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 8.88% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 11.16% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 12.85% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 16.67% | -0.69% |
Dividends
ZGI.TO vs. DXN.TO - Dividend Comparison
ZGI.TO's dividend yield for the trailing twelve months is around 2.25%, more than DXN.TO's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXN.TO Dynamic Active Global Infrastructure ETF | 1.98% | 2.10% | 3.26% | 2.30% | 1.21% | 0.91% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.25% | 2.77% | 2.82% | 3.33% | 3.01% | 3.06% | 3.75% | 2.85% | 2.99% | 2.59% | 2.60% | 2.97% |
Frequently Asked Questions
ZGI.TO and DXN.TO have a correlation of 0.26, 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: BMO and Dynamic.
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