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

DANC.TO vs. DRFG.TO

Last updated Jul 16, 2026
Documentation

DANC.TO (Desjardins Market Neutral ETF CA Unhedged) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both exchange-traded funds - DANC.TO is a Equity Market Neutral fund actively managed by Desjardins, while DRFG.TO is a Global Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DANC.TO returned 1.47%/yr vs 13.64%/yr for DRFG.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

DANC.TO vs. DRFG.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 Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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 DRFG.TO's 14.93% 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*
—

DRFG.TO

1D
-0.34%
1M
-0.56%
6M
12.15%
YTD
14.93%
1Y
30.39%
3Y*
23.96%
5Y*
13.64%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DANC.TO vs. DRFG.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%4.25%
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF		14.93%24.31%26.78%12.68%-12.16%17.99%7.88%8.78%

Correlation

The correlation between DANC.TO and DRFG.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.18

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

0.09

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

0.07

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2019

0.05

The correlation between DANC.TO and DRFG.TO shifts across timeframes, from 0.05 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

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Desjardins Market Neutral ETF CA Unhedged

Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF

Return for Risk

DANC.TO vs. DRFG.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
DRFG.TO
DRFG.TO Risk / Return Rank: 8787
Overall Rank
DRFG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DRFG.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
DRFG.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DRFG.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
DRFG.TO Martin Ratio Rank: 8787
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. DRFG.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 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.

DANC.TODRFG.TODifference
Sharpe ratioReturn per unit of total volatility
-0.32
2.36

-2.68

Sortino ratioReturn per unit of downside risk
-0.44
3.28

-3.72

Omega ratioGain probability vs. loss probability

0.94

1.43

-0.49

Calmar ratioReturn relative to maximum drawdown

-0.56

3.63

-4.20

Martin ratioReturn relative to average drawdown

-1.06

14.41

-15.47

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

The current DANC.TO Sharpe Ratio is -0.32, which is lower than the DRFG.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of DANC.TO and DRFG.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. DRFG.TO - Drawdown Comparison

The maximum DANC.TO drawdown since its inception was -2.79%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for DANC.TO and DRFG.TO.

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Drawdown Indicators

DANC.TODRFG.TODifference

Max Drawdown

Largest peak-to-trough decline

-2.79%

-27.73%

+24.94%

Max Drawdown (1Y)

Largest decline over 1 year

-1.42%

-8.40%

+6.98%

Max Drawdown (3Y)

Largest decline over 3 years

-1.74%

-16.44%

+14.70%

Max Drawdown (5Y)

Largest decline over 5 years

-2.44%

-21.09%

+18.65%

Current Drawdown

Current decline from peak

-1.25%

-2.04%

+0.79%

Average Drawdown

Average peak-to-trough decline

-0.67%

-4.62%

+3.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

2.11%

-1.36%

Volatility

DANC.TO vs. DRFG.TO - Volatility Comparison

The current volatility for Desjardins Market Neutral ETF CA Unhedged (DANC.TO) is 1.15%, while Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) has a volatility of 3.20%. This indicates that DANC.TO experiences smaller price fluctuations and is considered to be less risky 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

DANC.TODRFG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

3.20%

-2.05%

Volatility (6M)

Calculated over the trailing 6-month period

2.09%

10.81%

-8.72%

Volatility (1Y)

Calculated over the trailing 1-year period

2.52%

12.96%

-10.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.12%

12.73%

-10.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.17%

14.25%

-12.08%

Dividends

DANC.TO vs. DRFG.TO - Dividend Comparison

DANC.TO's dividend yield for the trailing twelve months is around 0.41%, less than DRFG.TO's 1.56% yield.

PositionTTM2025202420232022202120202019
DANC.TO
Desjardins Market Neutral ETF CA Unhedged		0.41%0.99%1.29%2.39%0.19%0.19%0.93%0.83%
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF		1.56%2.14%1.40%1.49%1.58%1.37%1.59%1.68%

Frequently Asked Questions

DANC.TO and DRFG.TO have a correlation of 0.18, 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 DRFG.TO is Global Equities.

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