DCP.TO vs. DCBC.TO
DCP.TO (Desjardins Canadian Preferred Share Index ETF) and DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) are both exchange-traded funds - DCP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Desjardins, while DCBC.TO is a Corporate Bonds fund tracking the Solactive Canadian Bond Universe Corporate TR Index. DCP.TO is actively managed, while DCBC.TO is passively managed. Over the past year, DCP.TO returned 13.62% vs 4.44% for DCBC.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
DCP.TO vs. DCBC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCP.TO achieves a 6.13% return, which is significantly higher than DCBC.TO's 1.55% return.
DCP.TO
- 1D
- 0.31%
- 1M
- 1.88%
- 6M
- 5.93%
- YTD
- 6.13%
- 1Y
- 13.62%
- 3Y*
- 18.72%
- 5Y*
- 7.66%
- 10Y*
- —
DCBC.TO
- 1D
- 0.10%
- 1M
- -0.64%
- 6M
- 0.92%
- YTD
- 1.55%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCP.TO vs. DCBC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.13% | 15.46% | 14.28% |
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 1.55% | 3.94% | 6.62% |
Correlation
The correlation between DCP.TO and DCBC.TO is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.05 |
The correlation between DCP.TO and DCBC.TO shifts across timeframes, from -0.05 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DCP.TO vs. DCBC.TO — Risk / Return Rank
DCP.TO
DCBC.TO
DCP.TO vs. DCBC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Preferred Share Index ETF (DCP.TO) and Desjardins Canadian Corporate Bond Index ETF (DCBC.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.
| DCP.TO | DCBC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 1.74 | +3.53 |
| Martin ratioReturn relative to average drawdown | 18.51 | 5.61 | +12.91 |
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Drawdowns
DCP.TO vs. DCBC.TO - Drawdown Comparison
The maximum DCP.TO drawdown since its inception was -43.09%, which is greater than DCBC.TO's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for DCP.TO and DCBC.TO.
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Drawdown Indicators
| DCP.TO | DCBC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -3.12% | -39.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.57% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.80% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -0.62% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.79% | -0.05% |
Volatility
DCP.TO vs. DCBC.TO - Volatility Comparison
Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a higher volatility of 1.38% compared to Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) at 1.04%. This indicates that DCP.TO's price experiences larger fluctuations and is considered to be riskier than DCBC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCP.TO | DCBC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.04% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.76% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 3.58% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 4.26% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 4.26% | +8.22% |
Dividends
DCP.TO vs. DCBC.TO - Dividend Comparison
DCP.TO's dividend yield for the trailing twelve months is around 4.82%, more than DCBC.TO's 3.79% 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% |
DCP.TO Desjardins Canadian Preferred Share Index ETF | 4.82% | 4.66% | 4.63% | 4.98% | 5.25% | 4.15% | 4.90% | 5.08% | 5.16% | 3.02% |
Frequently Asked Questions
DCP.TO and DCBC.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCP.TO is categorized as Preferred Stock/Convertible Bonds, while DCBC.TO is Corporate Bonds.
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