DCBC.TO vs. DCS.TO
DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) and DCS.TO (Desjardins Canadian Short Term Bond Index ETF) are both exchange-traded funds - DCBC.TO is a Corporate Bonds fund tracking the Solactive Canadian Bond Universe Corporate TR Index, while DCS.TO is a Short-Term Bond fund actively managed by Desjardins. DCBC.TO is passively managed, while DCS.TO is actively managed. Over the past year, DCBC.TO returned 4.44% vs 3.08% for DCS.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
DCBC.TO vs. DCS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCBC.TO achieves a 1.55% return, which is significantly higher than DCS.TO's 1.16% return.
DCBC.TO
- 1D
- 0.10%
- 1M
- -0.64%
- 6M
- 0.92%
- YTD
- 1.55%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCS.TO
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 3.08%
- 3Y*
- 4.74%
- 5Y*
- 2.13%
- 10Y*
- —
DCBC.TO vs. DCS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 1.55% | 3.94% | 6.62% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.56% |
Correlation
The correlation between DCBC.TO and DCS.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.38 |
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Return for Risk
DCBC.TO vs. DCS.TO — Risk / Return Rank
DCBC.TO
DCS.TO
DCBC.TO vs. DCS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) and Desjardins Canadian Short Term Bond Index ETF (DCS.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.
| DCBC.TO | DCS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.46 | -0.72 |
| Martin ratioReturn relative to average drawdown | 5.61 | 7.99 | -2.38 |
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Drawdowns
DCBC.TO vs. DCS.TO - Drawdown Comparison
The maximum DCBC.TO drawdown since its inception was -3.12%, smaller than the maximum DCS.TO drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for DCBC.TO and DCS.TO.
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Drawdown Indicators
| DCBC.TO | DCS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -7.05% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.26% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.26% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.21% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -1.44% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.39% | +0.40% |
Volatility
DCBC.TO vs. DCS.TO - Volatility Comparison
Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) has a higher volatility of 1.04% compared to Desjardins Canadian Short Term Bond Index ETF (DCS.TO) at 0.48%. This indicates that DCBC.TO's price experiences larger fluctuations and is considered to be riskier than DCS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCBC.TO | DCS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.48% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.42% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 1.90% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 2.50% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 2.64% | +1.62% |
Dividends
DCBC.TO vs. DCS.TO - Dividend Comparison
DCBC.TO's dividend yield for the trailing twelve months is around 3.79%, more than DCS.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 3.79% | 3.55% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 2.77% | 2.77% | 2.59% | 2.49% | 2.66% | 2.49% | 2.41% | 2.47% | 2.55% | 1.69% |
Frequently Asked Questions
DCBC.TO and DCS.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCBC.TO is categorized as Corporate Bonds, while DCS.TO is Short-Term Bond.
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