CIE.NEO vs. DRFG.TO
CIE.NEO (iShares International Fundamental Common Class) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. CIE.NEO is passively managed, while DRFG.TO is actively managed. Over the past 5 years, CIE.NEO returned 15.73%/yr vs 13.44%/yr for DRFG.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
CIE.NEO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.42% return, which is significantly higher than DRFG.TO's 13.90% return.
CIE.NEO
- 1D
- -0.50%
- 1M
- -1.83%
- 6M
- 11.98%
- YTD
- 17.42%
- 1Y
- 35.53%
- 3Y*
- 23.22%
- 5Y*
- 15.73%
- 10Y*
- 11.94%
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
CIE.NEO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.42% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 4.37% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 12.68% | -12.16% | 17.99% | 7.88% | 8.78% |
Correlation
The correlation between CIE.NEO and DRFG.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2019 | 0.41 |
Over the past year, CIE.NEO and DRFG.TO have become more correlated (0.65) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
CIE.NEO vs. DRFG.TO — Risk / Return Rank
CIE.NEO
DRFG.TO
CIE.NEO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.
| CIE.NEO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.48 | -0.25 |
| Martin ratioReturn relative to average drawdown | 13.03 | 13.73 | -0.70 |
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Drawdowns
CIE.NEO vs. DRFG.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than DRFG.TO's maximum drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and DRFG.TO.
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Drawdown Indicators
| CIE.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -27.73% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -8.40% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -16.44% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -21.09% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.91% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -4.62% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.13% | +0.61% |
Volatility
CIE.NEO vs. DRFG.TO - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 3.56% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.31% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 10.85% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 12.99% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 12.73% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 14.24% | +3.78% |
Dividends
CIE.NEO vs. DRFG.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.19%, more than DRFG.TO's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.19% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and DRFG.TO have a correlation of 0.65, 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 Desjardins.
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