DCS.TO vs. DCU.TO
DCS.TO (Desjardins Canadian Short Term Bond Index ETF) and DCU.TO (Desjardins Canadian Universe Bond Index ETF) are both exchange-traded funds - DCS.TO is a Short-Term Bond 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, DCS.TO returned 2.13%/yr vs 0.36%/yr for DCU.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
DCS.TO vs. DCU.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 DCU.TO's 1.10% 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*
- —
DCU.TO
- 1D
- -0.17%
- 1M
- -0.83%
- 6M
- 0.42%
- YTD
- 1.10%
- 1Y
- 4.02%
- 3Y*
- 4.00%
- 5Y*
- 0.36%
- 10Y*
- —
DCS.TO vs. DCU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.74% | 4.72% | -4.00% | -0.81% | 4.93% | 3.23% | 0.76% | -0.18% |
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% | 1.44% |
Correlation
The correlation between DCS.TO and DCU.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.36 |
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Return for Risk
DCS.TO vs. DCU.TO — Risk / Return Rank
DCS.TO
DCU.TO
DCS.TO vs. DCU.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 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.
| DCS.TO | DCU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.47 | +0.99 |
| Martin ratioReturn relative to average drawdown | 7.99 | 3.61 | +4.38 |
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Drawdowns
DCS.TO vs. DCU.TO - Drawdown Comparison
The maximum DCS.TO drawdown since its inception was -7.05%, smaller than the maximum DCU.TO drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for DCS.TO and DCU.TO.
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Drawdown Indicators
| DCS.TO | DCU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.05% | -17.81% | +10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -2.76% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -1.26% | -4.43% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -15.40% | +9.14% |
Current DrawdownCurrent decline from peak | -0.21% | -2.07% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -5.21% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.12% | -0.73% |
Volatility
DCS.TO vs. DCU.TO - Volatility Comparison
The current volatility for Desjardins Canadian Short Term Bond Index ETF (DCS.TO) is 0.48%, while Desjardins Canadian Universe Bond Index ETF (DCU.TO) has a volatility of 1.03%. This indicates that DCS.TO experiences smaller price fluctuations and is considered to be less risky 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
| DCS.TO | DCU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.03% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 3.30% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 4.10% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 6.25% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 6.29% | -3.65% |
Dividends
DCS.TO vs. DCU.TO - Dividend Comparison
DCS.TO's dividend yield for the trailing twelve months is around 2.77%, less than DCU.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
DCS.TO and DCU.TO have a correlation of 0.36, 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 DCU.TO is Total Bond Market.
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