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DANC.TO vs. DCG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DANC.TO vs. DCG.TO

Last updated Jul 16, 2026
Documentation

DANC.TO (Desjardins Market Neutral ETF CA Unhedged) and DCG.TO (Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF) are both exchange-traded funds - DANC.TO is a Equity Market Neutral fund actively managed by Desjardins, while DCG.TO is a Canadian Government Bonds fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DANC.TO returned 1.47%/yr vs 1.70%/yr for DCG.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

DANC.TO vs. DCG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins Market Neutral ETF CA Unhedged (DANC.TO) and Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF (DCG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DANC.TO achieves a -0.40% return, which is significantly lower than DCG.TO's 1.27% return.

DANC.TO

1D
-0.04%
1M
-0.54%
6M
-0.58%
YTD
-0.40%
1Y
-0.80%
3Y*
2.53%
5Y*
1.47%
10Y*
—

DCG.TO

1D
0.16%
1M
-0.03%
6M
0.89%
YTD
1.27%
1Y
3.26%
3Y*
4.52%
5Y*
1.70%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DANC.TO vs. DCG.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DANC.TO
Desjardins Market Neutral ETF CA Unhedged		-0.40%-0.57%5.90%3.01%0.42%0.18%4.54%4.72%
DCG.TO
Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF		1.27%3.26%5.08%4.55%-4.45%-1.35%5.28%2.79%

Correlation

The correlation between DANC.TO and DCG.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2019

0.01

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Desjardins Market Neutral ETF CA Unhedged

Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF

Return for Risk

DANC.TO vs. DCG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DANC.TO
DANC.TO Risk / Return Rank: 55
Overall Rank
DANC.TO Sharpe Ratio Rank: 66
Sharpe Ratio Rank
DANC.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
DANC.TO Omega Ratio Rank: 55
Omega Ratio Rank
DANC.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
DANC.TO Martin Ratio Rank: 44
Martin Ratio Rank
DCG.TO
DCG.TO Risk / Return Rank: 5050
Overall Rank
DCG.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
DCG.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
DCG.TO Omega Ratio Rank: 6161
Omega Ratio Rank
DCG.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
DCG.TO Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DANC.TO vs. DCG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins Market Neutral ETF CA Unhedged (DANC.TO) and Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF (DCG.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.

DANC.TODCG.TODifference
Sharpe ratioReturn per unit of total volatility
-0.32
1.36

-1.68

Sortino ratioReturn per unit of downside risk
-0.44
1.90

-2.34

Omega ratioGain probability vs. loss probability

0.94

1.30

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.56

2.04

-2.60

Martin ratioReturn relative to average drawdown

-1.06

6.50

-7.56

DANC.TO vs. DCG.TO - Sharpe Ratio Comparison

The current DANC.TO Sharpe Ratio is -0.32, which is lower than the DCG.TO Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of DANC.TO and DCG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DANC.TO vs. DCG.TO - Drawdown Comparison

The maximum DANC.TO drawdown since its inception was -2.79%, smaller than the maximum DCG.TO drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for DANC.TO and DCG.TO.

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Drawdown Indicators

DANC.TODCG.TODifference

Max Drawdown

Largest peak-to-trough decline

-2.79%

-8.19%

+5.40%

Max Drawdown (1Y)

Largest decline over 1 year

-1.42%

-1.61%

+0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-1.74%

-1.61%

-0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-2.44%

-7.39%

+4.95%

Current Drawdown

Current decline from peak

-1.25%

-0.22%

-1.03%

Average Drawdown

Average peak-to-trough decline

-0.67%

-1.82%

+1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

0.50%

+0.25%

Volatility

DANC.TO vs. DCG.TO - Volatility Comparison

Desjardins Market Neutral ETF CA Unhedged (DANC.TO) has a higher volatility of 1.15% compared to Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF (DCG.TO) at 0.58%. This indicates that DANC.TO's price experiences larger fluctuations and is considered to be riskier than DCG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DANC.TODCG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

0.58%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

2.09%

1.73%

+0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

2.52%

2.43%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.12%

3.17%

-1.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.17%

2.86%

-0.69%

Dividends

DANC.TO vs. DCG.TO - Dividend Comparison

DANC.TO's dividend yield for the trailing twelve months is around 0.41%, less than DCG.TO's 2.18% yield.

PositionTTM202520242023202220212020201920182017
DANC.TO
Desjardins Market Neutral ETF CA Unhedged		0.41%0.99%1.29%2.39%0.19%0.19%0.93%0.83%0.00%0.00%
DCG.TO
Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF		2.18%2.23%2.26%2.20%2.79%2.56%3.08%3.14%3.16%2.30%

Frequently Asked Questions

DANC.TO and DCG.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DANC.TO is categorized as Equity Market Neutral, while DCG.TO is Canadian Government Bonds.

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