DGLM.TO vs. NALT.TO
DGLM.TO (Desjardins Global Macro ETF) and NALT.TO (NBI Liquid Alternatives ETF) are both Multistrategy funds. Both are actively managed. Their 0.02 correlation means their historical movements had little consistent relationship. DGLM.TO charges 0.90%/yr vs 0.67%/yr for NALT.TO.
Performance
DGLM.TO vs. NALT.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 NALT.TO's 9.14% return.
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NALT.TO
- 1D
- -0.04%
- 1M
- 1.91%
- 6M
- 4.16%
- YTD
- 9.14%
- 1Y
- 15.06%
- 3Y*
- 2.28%
- 5Y*
- 2.53%
- 10Y*
- —
- ALL TIME*
- 5.27%
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 |
NALT.TO NBI Liquid Alternatives ETF | CA$78.59K | CA$55.31K | CA$65.49K |
DGLM.TO vs. NALT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
NALT.TO NBI Liquid Alternatives ETF | 9.14% | 6.69% |
Correlation
The correlation between DGLM.TO and NALT.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. NALT.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.
NALT.TO
DGLM.TO vs. NALT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Global Macro ETF (DGLM.TO) and NBI Liquid Alternatives ETF (NALT.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 | NALT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.63 | — |
| Martin ratioReturn relative to average drawdown | — | 6.21 | — |
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Drawdowns
DGLM.TO vs. NALT.TO - Drawdown Comparison
The maximum DGLM.TO drawdown since its inception was -2.58%, smaller than the maximum NALT.TO drawdown of -21.56%. Use the drawdown chart below to compare losses from any high point for DGLM.TO and NALT.TO.
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Drawdown Indicators
| DGLM.TO | NALT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.58% | -21.56% | +18.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.40% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -4.91% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.44% | — |
Volatility
DGLM.TO vs. NALT.TO - Volatility Comparison
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Volatility by Period
| DGLM.TO | NALT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 10.34% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 8.92% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 12.64% | -7.53% |
DGLM.TO vs. NALT.TO - Expense Ratio Comparison
DGLM.TO has a 0.90% expense ratio, which is higher than NALT.TO's 0.67% expense ratio.
Dividends
DGLM.TO vs. NALT.TO - Dividend Comparison
DGLM.TO's dividend yield for the trailing twelve months is around 1.57%, less than NALT.TO's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NALT.TO NBI Liquid Alternatives ETF | 5.45% | 2.03% | 2.40% | 1.59% | 0.95% | 5.85% | 6.98% | 0.50% |
Frequently Asked Questions
DGLM.TO and NALT.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, NALT.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NALT.TO is cheaper with a 0.67% expense ratio, compared with 0.90% for DGLM.TO.
They also come from different issuers: Desjardins and NBI. Their fees differ too: 0.90% for DGLM.TO and 0.67% for NALT.TO.
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