DCP.TO vs. DRFU.TO

Last updated Jul 16, 2026

DCP.TO (Desjardins Canadian Preferred Share Index ETF) and DRFU.TO (Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DCP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Desjardins, while DRFU.TO is a Large Cap Blend Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DCP.TO returned 7.66%/yr vs 14.84%/yr for DRFU.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

DCP.TO vs. DRFU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins Canadian Preferred Share Index ETF (DCP.TO) and Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCP.TO achieves a 6.13% return, which is significantly lower than DRFU.TO's 15.27% 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*: —

DRFU.TO

• 1D: 0.00%
• 1M: 1.19%
• 6M: 14.40%
• YTD: 15.27%
• 1Y: 28.90%
• 3Y*: 24.00%
• 5Y*: 14.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DCP.TO vs. DRFU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DCP.TO Desjardins Canadian Preferred Share Index ETF	6.13%	15.46%	29.54%	6.53%	-17.25%	22.18%	5.96%	5.26%	-14.44%
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF	15.27%	12.18%	37.32%	5.44%	-9.19%	29.41%	7.31%	21.84%	-8.47%

Correlation

The correlation between DCP.TO and DRFU.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	0.02
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018	0.03

Return for Risk

DCP.TO vs. DRFU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCP.TO

DCP.TO Risk / Return Rank: 91
DCP.TO Sharpe Ratio Rank: 89
DCP.TO Sortino Ratio Rank: 89
DCP.TO Omega Ratio Rank: 92
DCP.TO Calmar Ratio Rank: 93
DCP.TO Martin Ratio Rank: 92

DRFU.TO

DRFU.TO Risk / Return Rank: 89
DRFU.TO Sharpe Ratio Rank: 82
DRFU.TO Sortino Ratio Rank: 92
DRFU.TO Omega Ratio Rank: 95
DRFU.TO Calmar Ratio Rank: 89
DRFU.TO Martin Ratio Rank: 89

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.

DCP.TO vs. DRFU.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 RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.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	DRFU.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.09	+0.27
Sortino ratio: Return per unit of downside risk	3.37	3.61	-0.24
Omega ratio: Gain probability vs. loss probability	1.49	1.61	-0.12
Calmar ratio: Return relative to maximum drawdown	5.27	4.25	+1.02
Martin ratio: Return relative to average drawdown	18.51	15.34	+3.17

DCP.TO vs. DRFU.TO - Sharpe Ratio Comparison

The current DCP.TO Sharpe Ratio is 2.37, which is comparable to the DRFU.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DCP.TO and DRFU.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.

Drawdowns

DCP.TO vs. DRFU.TO - Drawdown Comparison

The maximum DCP.TO drawdown since its inception was -43.09%, which is greater than DRFU.TO's maximum drawdown of -19.89%. Use the drawdown chart below to compare losses from any high point for DCP.TO and DRFU.TO.

Drawdown Indicators

	DCP.TO	DRFU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.09%	-19.89%	-23.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-6.89%	+4.29%
Max Drawdown (3Y) Largest decline over 3 years	-8.89%	-19.89%	+11.00%
Max Drawdown (5Y) Largest decline over 5 years	-22.68%	-19.89%	-2.79%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.86%	-4.92%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	1.90%	-1.16%

Volatility

DCP.TO vs. DRFU.TO - Volatility Comparison

The current volatility for Desjardins Canadian Preferred Share Index ETF (DCP.TO) is 1.38%, while Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) has a volatility of 2.67%. This indicates that DCP.TO experiences smaller price fluctuations and is considered to be less risky than DRFU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCP.TO	DRFU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	2.67%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	3.42%	11.39%	-7.97%
Volatility (1Y) Calculated over the trailing 1-year period	5.78%	13.99%	-8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	16.37%	-6.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	16.49%	-4.01%

Dividends

DCP.TO vs. DRFU.TO - Dividend Comparison

DCP.TO's dividend yield for the trailing twelve months is around 4.82%, more than DRFU.TO's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF	1.01%	0.76%	0.60%	0.80%	1.05%	1.08%	1.38%	1.37%	0.41%	0.00%

Frequently Asked Questions

Can I hold both DCP.TO and DRFU.TO in my portfolio?

DCP.TO and DRFU.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.

What is the main difference between DCP.TO and DRFU.TO?

DCP.TO is categorized as Preferred Stock/Convertible Bonds, while DRFU.TO is Large Cap Blend Equities.