DCS.TO vs. DANC.TO
DCS.TO (Desjardins Canadian Short Term Bond Index ETF) and DANC.TO (Desjardins Market Neutral ETF CA Unhedged) are both exchange-traded funds - DCS.TO is a Short-Term Bond fund actively managed by Desjardins, while DANC.TO is a Equity Market Neutral fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DCS.TO returned 2.13%/yr vs 1.47%/yr for DANC.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
DCS.TO vs. DANC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCS.TO achieves a 1.16% return, which is significantly higher than DANC.TO's -0.40% return.
DCS.TO
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 3.08%
- 3Y*
- 4.74%
- 5Y*
- 2.13%
- 10Y*
- —
DANC.TO
- 1D
- -0.04%
- 1M
- -0.54%
- 6M
- -0.58%
- YTD
- -0.40%
- 1Y
- -0.80%
- 3Y*
- 2.53%
- 5Y*
- 1.47%
- 10Y*
- —
DCS.TO vs. DANC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.74% | 4.72% | -4.00% | -0.81% | 4.93% | 2.70% |
DANC.TO Desjardins Market Neutral ETF CA Unhedged | -0.40% | -0.57% | 5.90% | 3.01% | 0.42% | 0.18% | 4.54% | 4.72% |
Correlation
The correlation between DCS.TO and DANC.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2019 | 0.03 |
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Return for Risk
DCS.TO vs. DANC.TO — Risk / Return Rank
DCS.TO
DANC.TO
DCS.TO vs. DANC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Short Term Bond Index ETF (DCS.TO) and Desjardins Market Neutral ETF CA Unhedged (DANC.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.
| DCS.TO | DANC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.94 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.56 | +3.02 |
| Martin ratioReturn relative to average drawdown | 7.99 | -1.06 | +9.05 |
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Drawdowns
DCS.TO vs. DANC.TO - Drawdown Comparison
The maximum DCS.TO drawdown since its inception was -7.05%, which is greater than DANC.TO's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for DCS.TO and DANC.TO.
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Drawdown Indicators
| DCS.TO | DANC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.05% | -2.79% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -1.42% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.26% | -1.74% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -2.44% | -3.82% |
Current DrawdownCurrent decline from peak | -0.21% | -1.25% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -0.67% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.75% | -0.36% |
Volatility
DCS.TO vs. DANC.TO - Volatility Comparison
The current volatility for Desjardins Canadian Short Term Bond Index ETF (DCS.TO) is 0.48%, while Desjardins Market Neutral ETF CA Unhedged (DANC.TO) has a volatility of 1.15%. This indicates that DCS.TO experiences smaller price fluctuations and is considered to be less risky than DANC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCS.TO | DANC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.15% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 2.09% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 2.52% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 2.12% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 2.17% | +0.47% |
Dividends
DCS.TO vs. DANC.TO - Dividend Comparison
DCS.TO's dividend yield for the trailing twelve months is around 2.77%, more than DANC.TO's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DANC.TO Desjardins Market Neutral ETF CA Unhedged | 0.41% | 0.99% | 1.29% | 2.39% | 0.19% | 0.19% | 0.93% | 0.83% | 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
DCS.TO and DANC.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCS.TO is categorized as Short-Term Bond, while DANC.TO is Equity Market Neutral.
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