DGLM.TO vs. DRFC.TO
DGLM.TO (Desjardins Global Macro ETF) and DRFC.TO (Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DGLM.TO is a Multistrategy fund actively managed by Desjardins, while DRFC.TO is a Canada Equities fund actively managed by Desjardins. Both are actively managed. Their 0.08 correlation means their historical movements had little consistent relationship. DGLM.TO charges 0.90%/yr vs 0.46%/yr for DRFC.TO.
Performance
DGLM.TO vs. DRFC.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 lower than DRFC.TO's 10.75% return.
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DRFC.TO
- 1D
- 0.77%
- 1M
- 0.95%
- 6M
- 5.58%
- YTD
- 10.75%
- 1Y
- 28.52%
- 3Y*
- 23.97%
- 5Y*
- 18.30%
- 10Y*
- —
- ALL TIME*
- 14.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | CA$213.70 | CA$1.12K | CA$422.16 |
| CA$389.07K | CA$448.99K | CA$608.26K |
DGLM.TO vs. DRFC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
DRFC.TO Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF | 10.75% | 5.05% |
Correlation
The correlation between DGLM.TO and DRFC.TO is 0.08, 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 | 0.08 |
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Return for Risk
DGLM.TO vs. DRFC.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.
DRFC.TO
DGLM.TO vs. DRFC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Global Macro ETF (DGLM.TO) and Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.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 | DRFC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.97 | — |
| Martin ratioReturn relative to average drawdown | — | 12.68 | — |
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Drawdowns
DGLM.TO vs. DRFC.TO - Drawdown Comparison
The maximum DGLM.TO drawdown since its inception was -2.58%, smaller than the maximum DRFC.TO drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for DGLM.TO and DRFC.TO.
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Drawdown Indicators
| DGLM.TO | DRFC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.58% | -39.87% | +37.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.68% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -3.91% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.26% | — |
Volatility
DGLM.TO vs. DRFC.TO - Volatility Comparison
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Volatility by Period
| DGLM.TO | DRFC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 13.90% | -8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 13.75% | -8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 16.72% | -11.61% |
DGLM.TO vs. DRFC.TO - Expense Ratio Comparison
DGLM.TO has a 0.90% expense ratio, which is higher than DRFC.TO's 0.46% expense ratio.
Dividends
DGLM.TO vs. DRFC.TO - Dividend Comparison
DGLM.TO's dividend yield for the trailing twelve months is around 1.57%, more than DRFC.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRFC.TO Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF | 1.47% | 1.58% | 1.94% | 2.34% | 2.23% | 2.33% | 2.94% | 4.77% | 0.70% |
Frequently Asked Questions
DGLM.TO and DRFC.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRFC.TO is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRFC.TO is cheaper with a 0.46% expense ratio, compared with 0.90% for DGLM.TO.
DGLM.TO is categorized as Multistrategy, while DRFC.TO is Canada Equities. Their fees differ too: 0.90% for DGLM.TO and 0.46% for DRFC.TO.
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