ZJK.TO vs. DXO.TO
ZJK.TO (BMO High Yield US Corporate Bond Index ETF) and DXO.TO (Dynamic Active Crossover Bond ETF) are both exchange-traded funds - ZJK.TO is a High Yield Bonds fund managed by BMO, while DXO.TO is a Corporate Bonds fund actively managed by Dynamic. Over the past 5 years, ZJK.TO returned 5.76%/yr vs 2.77%/yr for DXO.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
ZJK.TO vs. DXO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZJK.TO achieves a 4.04% return, which is significantly higher than DXO.TO's 1.81% return.
ZJK.TO
- 1D
- -0.42%
- 1M
- -0.41%
- 6M
- 1.82%
- YTD
- 4.04%
- 1Y
- 7.72%
- 3Y*
- 10.20%
- 5Y*
- 5.76%
- 10Y*
- —
DXO.TO
- 1D
- 0.05%
- 1M
- -0.14%
- 6M
- 1.45%
- YTD
- 1.81%
- 1Y
- 5.53%
- 3Y*
- 7.25%
- 5Y*
- 2.77%
- 10Y*
- —
ZJK.TO vs. DXO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 4.04% | 3.22% | 16.76% | 10.33% | -6.46% | 3.60% | 3.27% | 9.18% | 3.97% | 0.47% |
DXO.TO Dynamic Active Crossover Bond ETF | 1.81% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 10.15% | 12.26% | -1.94% | 0.44% |
Correlation
The correlation between ZJK.TO and DXO.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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | 0.14 |
The correlation between ZJK.TO and DXO.TO shifts across timeframes, from 0.14 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZJK.TO vs. DXO.TO — Risk / Return Rank
ZJK.TO
DXO.TO
ZJK.TO vs. DXO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO High Yield US Corporate Bond Index ETF (ZJK.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.
| ZJK.TO | DXO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.30 | -0.20 |
| Martin ratioReturn relative to average drawdown | 6.02 | 9.91 | -3.89 |
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Drawdowns
ZJK.TO vs. DXO.TO - Drawdown Comparison
The maximum ZJK.TO drawdown since its inception was -19.40%, which is greater than DXO.TO's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for ZJK.TO and DXO.TO.
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Drawdown Indicators
| ZJK.TO | DXO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.40% | -17.61% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -2.41% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -3.78% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.93% | -15.91% | +0.98% |
Current DrawdownCurrent decline from peak | -1.75% | -0.56% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -2.94% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.56% | +0.73% |
Volatility
ZJK.TO vs. DXO.TO - Volatility Comparison
BMO High Yield US Corporate Bond Index ETF (ZJK.TO) has a higher volatility of 1.72% compared to Dynamic Active Crossover Bond ETF (DXO.TO) at 0.92%. This indicates that ZJK.TO's price experiences larger fluctuations and is considered to be riskier 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
| ZJK.TO | DXO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.92% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 2.65% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 3.34% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 5.63% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.07% | 7.73% | +2.34% |
Dividends
ZJK.TO vs. DXO.TO - Dividend Comparison
ZJK.TO's dividend yield for the trailing twelve months is around 6.26%, more than DXO.TO's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.32% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 6.26% | 5.97% | 5.59% | 6.15% | 6.37% | 5.60% | 5.94% | 6.32% | 5.45% | 0.88% |
Frequently Asked Questions
ZJK.TO and DXO.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.
ZJK.TO is categorized as High Yield Bonds, while DXO.TO is Corporate Bonds. They also come from different issuers: BMO and Dynamic.
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