DGLM.TO vs. DRFU.TO
DGLM.TO (Desjardins Global Macro ETF) and DRFU.TO (Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DGLM.TO is a Multistrategy fund actively managed by Desjardins, while DRFU.TO is a Large Cap Blend Equities fund actively managed by Desjardins. Both are actively managed. Their 0.11 correlation means their historical movements had little consistent relationship. DGLM.TO charges 0.90%/yr vs 0.46%/yr for DRFU.TO.
Performance
DGLM.TO vs. DRFU.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 DRFU.TO's 12.93% return.
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DRFU.TO
- 1D
- 0.00%
- 1M
- -1.50%
- 6M
- 13.72%
- YTD
- 12.93%
- 1Y
- 24.11%
- 3Y*
- 21.53%
- 5Y*
- 13.22%
- 10Y*
- —
- ALL TIME*
- 12.84%
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$15.34K | CA$21.97K | CA$22.85K |
DGLM.TO vs. DRFU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF | 12.93% | 4.93% |
Correlation
The correlation between DGLM.TO and DRFU.TO is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025 | 0.11 |
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Return for Risk
DGLM.TO vs. DRFU.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.
DRFU.TO
DGLM.TO vs. DRFU.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 USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.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 | DRFU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.53 | — |
| Martin ratioReturn relative to average drawdown | — | 12.47 | — |
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Drawdowns
DGLM.TO vs. DRFU.TO - Drawdown Comparison
The maximum DGLM.TO drawdown since its inception was -2.58%, smaller than the maximum DRFU.TO drawdown of -19.89%. Use the drawdown chart below to compare losses from any high point for DGLM.TO and DRFU.TO.
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Drawdown Indicators
| DGLM.TO | DRFU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.58% | -19.89% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.02% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -4.90% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.94% | — |
Volatility
DGLM.TO vs. DRFU.TO - Volatility Comparison
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Volatility by Period
| DGLM.TO | DRFU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 14.29% | -9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 16.28% | -11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 16.49% | -11.38% |
DGLM.TO vs. DRFU.TO - Expense Ratio Comparison
DGLM.TO has a 0.90% expense ratio, which is higher than DRFU.TO's 0.46% expense ratio.
Dividends
DGLM.TO vs. DRFU.TO - Dividend Comparison
DGLM.TO's dividend yield for the trailing twelve months is around 1.57%, more than DRFU.TO's 1.04% 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% |
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF | 1.04% | 0.76% | 0.60% | 0.80% | 1.05% | 1.08% | 1.38% | 1.37% | 0.41% |
Frequently Asked Questions
DGLM.TO and DRFU.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRFU.TO is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRFU.TO is cheaper with a 0.46% expense ratio, compared with 0.90% for DGLM.TO.
DGLM.TO is categorized as Multistrategy, while DRFU.TO is Large Cap Blend Equities. Their fees differ too: 0.90% for DGLM.TO and 0.46% for DRFU.TO.
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