Dynamic Active Correlations

DXC Etf

CAD 44.30 0.05 0.11%

The current 90-days correlation between Dynamic Active Canadian and iShares MSCI Canada is 0.9 (i.e., Almost no diversification).The correlation of Dynamic Active is a statistical measure of how it moves in relation to other instruments. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.

Dynamic Active vs Market Correlation

Weak diversification

Across the chosen horizon, DXC and DJI show a correlation of 0.39 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Correlation analysis helps compare Dynamic Active with similar exposures for allocation context. Some jurisdictions apply wash sale rules to substantially identical replacements; this is provided as general context.

Moving together with Dynamic Etf

0.96	ZWC	BMO Canadian High	Pair Corr
0.8	XDV	iShares Canadian Select	Pair Corr
0.8	CDZ	iShares SAMPPTSX Canadian	Pair Corr
0.8	PDC	Invesco Canadian Dividend	Pair Corr
0.84	XEI	iShares SAMPPTSX	Pair Corr
0.91	VDY	Vanguard FTSE Canadian	Pair Corr
0.65	ZDV	BMO Canadian Dividend	Pair Corr
0.93	DGRC	CI Canada Quality	Pair Corr
0.72	CDIV	Manulife Smart Dividend	Pair Corr
0.88	HXH	Global X Canadian	Pair Corr
0.92	PIN	Purpose Monthly Income	Pair Corr
0.78	PMM	Purpose Multi Strategy	Pair Corr
0.77	HXE	Global X SAMPPTSX	Pair Corr
0.81	ZMT	BMO SAMPPTSX Equal	Pair Corr
0.78	XEG	iShares SAMPPTSX Capped	Pair Corr
0.92	ZRR	BMO Real Return	Pair Corr
0.83	ZEA	BMO MSCI EAFE	Pair Corr

Moving against Dynamic Etf

0.62

HOD

BetaPro Crude Oil

Pair Corr

Related Correlations Analysis

	VXM	XST	AMAX	NALT	RUSB	HSH	PFL	ZEQT	RBNK	XMV
VXM		0.76	0.81	0.66	-0.14	-0.01	0.89	0.79	0.94	0.88	VXM
XST	0.76		0.42	0.38	-0.12	-0.29	0.61	0.42	0.71	0.67	XST
AMAX	0.81	0.42		0.59	0.1	0.18	0.71	0.83	0.78	0.83	AMAX
NALT	0.66	0.38	0.59		-0.31	-0.39	0.86	0.32	0.54	0.74	NALT
RUSB	-0.14	-0.12	0.1	-0.31		0.26	-0.31	0.24	-0.06	0.04	RUSB
HSH	-0.01	-0.29	0.18	-0.39	0.26		-0.22	0.5	0.1	-0.13	HSH
PFL	0.89	0.61	0.71	0.86	-0.31	-0.22		0.57	0.78	0.82	PFL
ZEQT	0.79	0.42	0.83	0.32	0.24	0.5	0.57		0.8	0.71	ZEQT
RBNK	0.94	0.71	0.78	0.54	-0.06	0.1	0.78	0.8		0.88	RBNK
XMV	0.88	0.67	0.83	0.74	0.04	-0.13	0.82	0.71	0.88		XMV
	VXM	XST	AMAX	NALT	RUSB	HSH	PFL	ZEQT	RBNK	XMV

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RBNK	+ 0.94	VXM
PFL	+ 0.89	VXM
XMV	+ 0.88	VXM
XMV	+ 0.88	RBNK
PFL	+ 0.86	NALT
ZEQT	+ 0.83	AMAX

High negative correlations

HSH	- 0.39	NALT
PFL	- 0.31	RUSB
RUSB	- 0.31	NALT
HSH	- 0.29	XST
PFL	- 0.22	HSH
RUSB	- 0.14	VXM

Dynamic Active Constituents Risk-Adjusted Indicators

There is a big difference between Dynamic Etf performing well and Dynamic Active ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dynamic Active's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VXM	0.63	0.15	0.17	0.21	0.71	-0.65	1.44	-1.61	4.30
XST	0.73	0.04	0.09	-0.69	0.86	-0.80	2.34	-1.45	5.13
AMAX	2.02	0.28	0.07	0.17	3.38	-1.97	4.26	-5.97	15.28
NALT	0.50	0.18	0.34	-5.01	0.34	-0.58	1.10	-0.71	3.45
RUSB	0.31	-0.02	0.00	-1.37	0.00	0.00	0.65	-0.75	4.92
HSH	0.58	-0.02	0.00	-0.08	0.00	0.00	0.92	-1.33	3.28
PFL	0.04	0.00	0.78	0.03	0.00	-0.07	0.10	-0.05	0.21
ZEQT	0.61	0.03	0.04	-0.01	0.85	-0.63	0.97	-1.63	4.22
RBNK	0.74	0.07	0.08	0.06	0.96	-0.75	1.25	-1.60	4.89
XMV	0.40	0.07	0.16	0.18	0.49	-0.42	0.89	-0.86	2.75

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Dynamic Active Canadian is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

Did you try this?

Run Instant Ratings Now

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC