DGLM.TO vs. DCS.TO
DGLM.TO (Desjardins Global Macro ETF) and DCS.TO (Desjardins Canadian Short Term Bond Index ETF) are both exchange-traded funds - DGLM.TO is a Multistrategy fund actively managed by Desjardins, while DCS.TO is a Short-Term Bond fund tracking the Solactive Short-Term Canadian Bond Universe TR Index. DGLM.TO is actively managed, while DCS.TO is passively managed. Their 0.02 correlation means their historical movements had little consistent relationship. DGLM.TO charges 0.90%/yr vs 0.08%/yr for DCS.TO.
Performance
DGLM.TO vs. DCS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DGLM.TO achieves a 7.84% return, which is significantly higher than DCS.TO's 1.26% return.
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DCS.TO
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 0.86%
- YTD
- 1.26%
- 1Y
- 2.89%
- 3Y*
- 4.81%
- 5Y*
- 2.07%
- 10Y*
- —
- ALL TIME*
- 2.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$22.76K | CA$20.08K | CA$21.75K | |
DGLM.TO Desjardins Global Macro ETF | CA$213.70 | CA$1.12K | CA$422.16 |
DGLM.TO vs. DCS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.26% | 0.40% |
Correlation
The correlation between DGLM.TO and DCS.TO is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025 | 0.02 |
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Return for Risk
DGLM.TO vs. DCS.TO — Risk / Return Rank
DGLM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DCS.TO
DGLM.TO vs. DCS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Global Macro ETF (DGLM.TO) and Desjardins Canadian Short Term Bond Index ETF (DCS.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.
| DGLM.TO | DCS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.31 | — |
| Martin ratioReturn relative to average drawdown | — | 7.48 | — |
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Drawdowns
DGLM.TO vs. DCS.TO - Drawdown Comparison
The maximum DGLM.TO drawdown since its inception was -2.58%, smaller than the maximum DCS.TO drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for DGLM.TO and DCS.TO.
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Drawdown Indicators
| DGLM.TO | DCS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.58% | -7.05% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -1.43% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.39% | — |
Volatility
DGLM.TO vs. DCS.TO - Volatility Comparison
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Volatility by Period
| DGLM.TO | DCS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 1.84% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 2.50% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 2.63% | +2.48% |
DGLM.TO vs. DCS.TO - Expense Ratio Comparison
DGLM.TO has a 0.90% expense ratio, which is higher than DCS.TO's 0.08% expense ratio.
Dividends
DGLM.TO vs. DCS.TO - Dividend Comparison
DGLM.TO's dividend yield for the trailing twelve months is around 1.57%, less than DCS.TO's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 2.86% | 2.77% | 2.59% | 2.49% | 2.66% | 2.49% | 2.41% | 2.47% | 2.55% | 1.69% |
DGLM.TO Desjardins Global Macro ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGLM.TO and DCS.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DCS.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DCS.TO is cheaper with a 0.08% expense ratio, compared with 0.90% for DGLM.TO.
DGLM.TO is categorized as Multistrategy, while DCS.TO is Short-Term Bond. Their fees differ too: 0.90% for DGLM.TO and 0.08% for DCS.TO.
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