PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DANC.TO vs. DRFD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DANC.TO vs. DRFD.TO

Last updated Jul 16, 2026
Documentation

DANC.TO (Desjardins Market Neutral ETF CA Unhedged) and DRFD.TO (Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DANC.TO is a Equity Market Neutral fund actively managed by Desjardins, while DRFD.TO is a Foreign Large Cap Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DANC.TO returned 1.47%/yr vs 11.86%/yr for DRFD.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

DANC.TO vs. DRFD.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 RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DANC.TO achieves a -0.40% return, which is significantly lower than DRFD.TO's 12.55% 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*
—

DRFD.TO

1D
1.07%
1M
2.79%
6M
9.84%
YTD
12.55%
1Y
26.87%
3Y*
21.85%
5Y*
11.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DANC.TO vs. DRFD.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%
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		12.55%30.23%16.52%12.80%-10.88%9.94%2.12%12.62%

Correlation

The correlation between DANC.TO and DRFD.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

0.04

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

0.04

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

0.04

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Desjardins Market Neutral ETF CA Unhedged

Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF

Return for Risk

DANC.TO vs. DRFD.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
DRFD.TO
DRFD.TO Risk / Return Rank: 6969
Overall Rank
DRFD.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DRFD.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
DRFD.TO Omega Ratio Rank: 7979
Omega Ratio Rank
DRFD.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
DRFD.TO Martin Ratio Rank: 6262
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. DRFD.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 RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.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.TODRFD.TODifference
Sharpe ratioReturn per unit of total volatility
-0.32
1.88

-2.20

Sortino ratioReturn per unit of downside risk
-0.44
2.74

-3.17

Omega ratioGain probability vs. loss probability

0.94

1.37

-0.42

Calmar ratioReturn relative to maximum drawdown

-0.56

2.28

-2.84

Martin ratioReturn relative to average drawdown

-1.06

8.89

-9.95

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

The current DANC.TO Sharpe Ratio is -0.32, which is lower than the DRFD.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DANC.TO and DRFD.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.

Loading charts...

Drawdowns

DANC.TO vs. DRFD.TO - Drawdown Comparison

The maximum DANC.TO drawdown since its inception was -2.79%, smaller than the maximum DRFD.TO drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for DANC.TO and DRFD.TO.

Loading charts...

Drawdown Indicators

DANC.TODRFD.TODifference

Max Drawdown

Largest peak-to-trough decline

-2.79%

-25.18%

+22.39%

Max Drawdown (1Y)

Largest decline over 1 year

-1.42%

-11.85%

+10.43%

Max Drawdown (3Y)

Largest decline over 3 years

-1.74%

-13.78%

+12.04%

Max Drawdown (5Y)

Largest decline over 5 years

-2.44%

-22.31%

+19.87%

Current Drawdown

Current decline from peak

-1.25%

-1.66%

+0.41%

Average Drawdown

Average peak-to-trough decline

-0.67%

-5.26%

+4.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

3.03%

-2.28%

Volatility

DANC.TO vs. DRFD.TO - Volatility Comparison

The current volatility for Desjardins Market Neutral ETF CA Unhedged (DANC.TO) is 1.15%, while Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.TO) has a volatility of 3.49%. This indicates that DANC.TO experiences smaller price fluctuations and is considered to be less risky than DRFD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DANC.TODRFD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

3.49%

-2.34%

Volatility (6M)

Calculated over the trailing 6-month period

2.09%

12.39%

-10.30%

Volatility (1Y)

Calculated over the trailing 1-year period

2.52%

14.42%

-11.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.12%

13.39%

-11.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.17%

13.67%

-11.50%

Dividends

DANC.TO vs. DRFD.TO - Dividend Comparison

DANC.TO's dividend yield for the trailing twelve months is around 0.41%, less than DRFD.TO's 2.36% yield.

PositionTTM20252024202320222021202020192018
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%
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		2.36%2.68%2.55%2.17%2.74%2.38%2.55%2.34%0.72%

Frequently Asked Questions

DANC.TO and DRFD.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 DRFD.TO is Foreign Large Cap Equities.

Portfolio Optimizer

Find the right allocation for DANC.TO and DRFD.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer