DCU.TO vs. HAD.TO
DCU.TO (Desjardins Canadian Universe Bond Index ETF) and HAD.TO (Global X Active Canadian Bond ETF) are both Total Bond Market funds. Both are actively managed. Over the past 5 years, DCU.TO returned 0.36%/yr vs 0.24%/yr for HAD.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
DCU.TO vs. HAD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DCU.TO achieves a 1.10% return, which is significantly higher than HAD.TO's 0.97% return.
DCU.TO
- 1D
- -0.17%
- 1M
- -0.83%
- 6M
- 0.42%
- YTD
- 1.10%
- 1Y
- 4.02%
- 3Y*
- 4.00%
- 5Y*
- 0.36%
- 10Y*
- —
HAD.TO
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.75%
- YTD
- 0.97%
- 1Y
- 4.58%
- 3Y*
- 4.38%
- 5Y*
- 0.24%
- 10Y*
- 1.38%
DCU.TO vs. HAD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HAD.TO Global X Active Canadian Bond ETF | 0.97% | 3.04% | 4.29% | 6.25% | -12.17% | -4.66% | 9.99% | 5.62% | 2.59% | 2.11% |
Correlation
The correlation between DCU.TO and HAD.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017 | 0.32 |
The correlation between DCU.TO and HAD.TO shifts across timeframes, from 0.32 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DCU.TO vs. HAD.TO — Risk / Return Rank
DCU.TO
HAD.TO
DCU.TO vs. HAD.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 Global X Active Canadian Bond ETF (HAD.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 | HAD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.51 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.61 | 3.98 | -0.37 |
Loading charts...
Drawdowns
DCU.TO vs. HAD.TO - Drawdown Comparison
The maximum DCU.TO drawdown since its inception was -17.81%, smaller than the maximum HAD.TO drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for DCU.TO and HAD.TO.
Loading charts...
Drawdown Indicators
| DCU.TO | HAD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -22.77% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.05% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -5.95% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -15.40% | -17.19% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.77% | — |
Current DrawdownCurrent decline from peak | -2.07% | -4.38% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -5.45% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.15% | -0.03% |
Volatility
DCU.TO vs. HAD.TO - Volatility Comparison
The current volatility for Desjardins Canadian Universe Bond Index ETF (DCU.TO) is 1.03%, while Global X Active Canadian Bond ETF (HAD.TO) has a volatility of 1.45%. This indicates that DCU.TO experiences smaller price fluctuations and is considered to be less risky than HAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DCU.TO | HAD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.45% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 3.60% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.97% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 7.06% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 8.90% | -2.61% |
Dividends
DCU.TO vs. HAD.TO - Dividend Comparison
DCU.TO's dividend yield for the trailing twelve months is around 3.17%, less than HAD.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
HAD.TO Global X Active Canadian Bond ETF | 3.73% | 3.46% | 3.14% | 3.04% | 3.12% | 2.09% | 2.04% | 2.29% | 2.64% | 2.85% | 2.96% | 2.61% |
Frequently Asked Questions
DCU.TO and HAD.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Desjardins and Global X.
Find the right allocation for DCU.TO and HAD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer