PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Desjardins Global Macro ETF (DGLM.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 31, 2026

The Desjardins Global Macro ETF (DGLM) is an actively managed alternative fund that seeks positive returns across different market environments. It takes long and short positions across global equity, fixed income, commodity and currency markets, combining trend, carry, value and fundamental signals into a diversified quantitative global macro portfolio. The fund uses leverage through cash borrowing, short sales and derivatives, and is designed to have low correlation with traditional asset classes.

Desjardins Global Macro ETF (DGLM.TO) belongs to the Multistrategy category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DGLM.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DGLM.TO

DGLM.TO charges 0.90% annually. There are 2 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.67%.

SymbolNameExpense RatioAUMInception
NALT.TO
NBI Liquid Alternatives ETF0.67%203.42MFeb 2019DGLM.TO vs NALT.TO
RGBM.TO
Return Stacked Global Balanced & Macro ETF0.85%—Feb 2025DGLM.TO vs RGBM.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund1.20%19.50MOct 2014DGLM.TO vs PMM.TO
PFMS.TO
Picton Multi-Strategy Alternative Fund ETF4.83%11.34MSep 2018DGLM.TO vs PFMS.TO

Best Risk-Adjusted Alternatives to DGLM.TO

Among 4 ETFs in the Multistrategy category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 88.

SymbolNameRisk / Return RankAUMInception
RGBM.TO
Return Stacked Global Balanced & Macro ETF
88
—Feb 2025DGLM.TO vs RGBM.TO
PFMS.TO
Picton Multi-Strategy Alternative Fund ETF
80
11.34MSep 2018DGLM.TO vs PFMS.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund
72
19.50MOct 2014DGLM.TO vs PMM.TO
NALT.TO
NBI Liquid Alternatives ETF
64
203.42MFeb 2019DGLM.TO vs NALT.TO

Top Performing DGLM.TO Alternatives (YTD)

DGLM.TO is at 7.84% YTD. There are 2 ETFs in the Multistrategy category with higher YTD returns, going as high as 17.43%.

SymbolNameYTD ReturnAUMInception
RGBM.TO
Return Stacked Global Balanced & Macro ETF
17.43%
—Feb 2025DGLM.TO vs RGBM.TO
NALT.TO
NBI Liquid Alternatives ETF
9.14%
203.42MFeb 2019DGLM.TO vs NALT.TO
PFMS.TO
Picton Multi-Strategy Alternative Fund ETF
7.23%
11.34MSep 2018DGLM.TO vs PFMS.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund
5.99%
19.50MOct 2014DGLM.TO vs PMM.TO

Lowest Volatility Alternatives to DGLM.TO

DGLM.TO has 5.11% 1-year volatility. No ETFs in the Multistrategy category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 9.30%.

SymbolNameVolatility 1YAUMInception
PFMS.TO
Picton Multi-Strategy Alternative Fund ETF9.30%11.34MSep 2018DGLM.TO vs PFMS.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund9.49%19.50MOct 2014DGLM.TO vs PMM.TO
NALT.TO
NBI Liquid Alternatives ETF10.34%203.42MFeb 2019DGLM.TO vs NALT.TO
RGBM.TO
Return Stacked Global Balanced & Macro ETF10.68%—Feb 2025DGLM.TO vs RGBM.TO

Lowest Drawdown Alternatives to DGLM.TO

Among 4 ETFs in the Multistrategy category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -3.50%.

SymbolNameMax Drawdown 1YAUMInception
PMM.TO
Purpose Multi-Strategy Market Neutral Fund
-3.50%
19.50MOct 2014DGLM.TO vs PMM.TO
PFMS.TO
Picton Multi-Strategy Alternative Fund ETF
-5.07%
11.34MSep 2018DGLM.TO vs PFMS.TO
NALT.TO
NBI Liquid Alternatives ETF
-5.76%
203.42MFeb 2019DGLM.TO vs NALT.TO
RGBM.TO
Return Stacked Global Balanced & Macro ETF
-6.19%
—Feb 2025DGLM.TO vs RGBM.TO

Other ETFs from Desjardins

The 10 most viewed Desjardins ETFs shown here include DMEC.TO, DCBC.TO, DRFG.TO and span 11 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
DMEC.TO
Desjardins Canadian Equity Index ETFCanada Equities
91
13.11%
—Apr 2024DGLM.TO vs DMEC.TO
DCBC.TO
Desjardins Canadian Corporate Bond Index ETFCorporate Bonds
36
1.37%
—Apr 2024DGLM.TO vs DCBC.TO
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reser...Sustainable, Multi-factor, Global Equities
87
14.40%
28.28MMar 2019DGLM.TO vs DRFG.TO
DRFE.TO
Desjardins RI Emerging Markets Multifactor - Net-Z...Emerging Markets Equities, Sustainable, Multi-factor
49
18.33%
338.86MMar 2019DGLM.TO vs DRFE.TO
DRFU.TO
Desjardins RI USA Multifactor - Net-Zero Emissions...Large Cap Blend Equities, Sustainable, Multi-factor
86
12.93%
232.84MSep 2018DGLM.TO vs DRFU.TO
DRMC.TO
Desjardins RI Canada - Net-Zero Emissions Pathway ...Canada Equities, Sustainable, ESG
87
11.26%
102.67MSep 2018DGLM.TO vs DRMC.TO
DCS.TO
Desjardins Canadian Short Term Bond Index ETFShort-Term Bond
70
1.26%
53.24MApr 2017DGLM.TO vs DCS.TO
DRMD.TO
Desjardins RI Developed ex-USA ex-Canada - Net-Zer...Foreign Large Cap Equities, Sustainable
71
13.33%
91.58MMay 2020DGLM.TO vs DRMD.TO
DCU.TO
Desjardins Canadian Universe Bond Index ETFTotal Bond Market
34
1.39%
2.40BApr 2017DGLM.TO vs DCU.TO
DRFC.TO
Desjardins RI Canada Multifactor - Net-Zero Emissi...Canada Equities, ESG, Multi-factor
85
10.75%
368.03MSep 2018DGLM.TO vs DRFC.TO

Compare DGLM.TO with Any Fund or Stock

Compare DGLM.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair DGLM.TO with funds that move differently

Desjardins Global Macro ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DGLM.TO.

Explore DGLM.TO Diversifiers