DCU.TO vs. DMEC.TO
DCU.TO (Desjardins Canadian Universe Bond Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both exchange-traded funds - DCU.TO is a Total Bond Market fund actively managed by Desjardins, while DMEC.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index (CA NTR). DCU.TO is actively managed, while DMEC.TO is passively managed. Over the past year, DCU.TO returned 4.20% vs 33.73% for DMEC.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
DCU.TO vs. DMEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCU.TO achieves a 1.27% return, which is significantly lower than DMEC.TO's 12.80% return.
DCU.TO
- 1D
- 0.17%
- 1M
- -0.44%
- 6M
- 0.65%
- YTD
- 1.27%
- 1Y
- 4.20%
- 3Y*
- 4.06%
- 5Y*
- 0.39%
- 10Y*
- —
DMEC.TO
- 1D
- 0.15%
- 1M
- 0.55%
- 6M
- 8.72%
- YTD
- 12.80%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCU.TO vs. DMEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCU.TO Desjardins Canadian Universe Bond Index ETF | 1.27% | 2.19% | 7.18% |
DMEC.TO Desjardins Canadian Equity Index ETF | 12.80% | 31.87% | 16.56% |
Correlation
The correlation between DCU.TO and DMEC.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.17 |
The correlation between DCU.TO and DMEC.TO shifts across timeframes, from 0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DCU.TO vs. DMEC.TO — Risk / Return Rank
DCU.TO
DMEC.TO
DCU.TO vs. DMEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Universe Bond Index ETF (DCU.TO) and Desjardins Canadian Equity Index ETF (DMEC.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.
| DCU.TO | DMEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.60 | -2.07 |
| Martin ratioReturn relative to average drawdown | 3.78 | 16.21 | -12.43 |
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Drawdowns
DCU.TO vs. DMEC.TO - Drawdown Comparison
The maximum DCU.TO drawdown since its inception was -17.81%, which is greater than DMEC.TO's maximum drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for DCU.TO and DMEC.TO.
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Drawdown Indicators
| DCU.TO | DMEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -12.15% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -9.41% | +6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.40% | — | — |
Current DrawdownCurrent decline from peak | -1.90% | 0.00% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -1.40% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.09% | -0.98% |
Volatility
DCU.TO vs. DMEC.TO - Volatility Comparison
The current volatility for Desjardins Canadian Universe Bond Index ETF (DCU.TO) is 1.06%, while Desjardins Canadian Equity Index ETF (DMEC.TO) has a volatility of 2.20%. This indicates that DCU.TO experiences smaller price fluctuations and is considered to be less risky than DMEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCU.TO | DMEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.20% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 10.67% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 13.10% | -8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 12.91% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 12.91% | -6.62% |
Dividends
DCU.TO vs. DMEC.TO - Dividend Comparison
DCU.TO's dividend yield for the trailing twelve months is around 3.17%, more than DMEC.TO's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DMEC.TO Desjardins Canadian Equity Index ETF | 1.71% | 1.78% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DCU.TO and DMEC.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCU.TO is categorized as Total Bond Market, while DMEC.TO is Canada Equities.
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