DCP.TO vs. DCU.TO
DCP.TO (Desjardins Canadian Preferred Share Index ETF) and DCU.TO (Desjardins Canadian Universe Bond Index ETF) are both exchange-traded funds - DCP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Desjardins, while DCU.TO is a Total Bond Market fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DCP.TO returned 7.69%/yr vs 0.36%/yr for DCU.TO. At a correlation of -0.02, they often move in opposite directions.
Performance
DCP.TO vs. DCU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCP.TO achieves a 6.27% return, which is significantly higher than DCU.TO's 1.10% return.
DCP.TO
- 1D
- 0.13%
- 1M
- 2.02%
- 6M
- 6.02%
- YTD
- 6.27%
- 1Y
- 13.50%
- 3Y*
- 18.77%
- 5Y*
- 7.69%
- 10Y*
- —
DCU.TO
- 1D
- -0.17%
- 1M
- -0.83%
- 6M
- 0.42%
- YTD
- 1.10%
- 1Y
- 4.02%
- 3Y*
- 4.00%
- 5Y*
- 0.36%
- 10Y*
- —
DCP.TO vs. DCU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.27% | 15.46% | 29.54% | 6.53% | -17.25% | 22.18% | 5.96% | 5.26% | -12.81% | 5.42% |
DCU.TO Desjardins Canadian Universe Bond Index ETF | 1.10% | 2.19% | 3.83% | 6.53% | -11.04% | -2.76% | 8.04% | 6.70% | 0.31% | 1.59% |
Correlation
The correlation between DCP.TO and DCU.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017 | -0.02 |
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Return for Risk
DCP.TO vs. DCU.TO — Risk / Return Rank
DCP.TO
DCU.TO
DCP.TO vs. DCU.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 Universe Bond Index ETF (DCU.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 | DCU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 1.47 | +3.76 |
| Martin ratioReturn relative to average drawdown | 18.35 | 3.61 | +14.74 |
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Drawdowns
DCP.TO vs. DCU.TO - Drawdown Comparison
The maximum DCP.TO drawdown since its inception was -43.09%, which is greater than DCU.TO's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for DCP.TO and DCU.TO.
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Drawdown Indicators
| DCP.TO | DCU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -17.81% | -25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.76% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -4.43% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -15.40% | -7.28% |
Current DrawdownCurrent decline from peak | 0.00% | -2.07% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -5.21% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.12% | -0.38% |
Volatility
DCP.TO vs. DCU.TO - Volatility Comparison
Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a higher volatility of 1.37% compared to Desjardins Canadian Universe Bond Index ETF (DCU.TO) at 1.03%. This indicates that DCP.TO's price experiences larger fluctuations and is considered to be riskier than DCU.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 | DCU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.03% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 3.30% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 4.10% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 6.25% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.47% | 6.29% | +6.18% |
Dividends
DCP.TO vs. DCU.TO - Dividend Comparison
DCP.TO's dividend yield for the trailing twelve months is around 4.81%, more than DCU.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 4.81% | 4.66% | 4.63% | 4.98% | 5.25% | 4.15% | 4.90% | 5.08% | 5.16% | 3.02% |
DCU.TO Desjardins Canadian Universe Bond Index ETF | 3.17% | 3.07% | 2.92% | 2.58% | 3.49% | 3.00% | 2.82% | 2.79% | 2.90% | 2.12% |
Frequently Asked Questions
DCP.TO and DCU.TO have a correlation of -0.01, 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 DCU.TO is Total Bond Market.
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