DMEC.TO vs. DCG.TO
DMEC.TO (Desjardins Canadian Equity Index ETF) and DCG.TO (Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF) are both exchange-traded funds - DMEC.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index (CA NTR), while DCG.TO is a Canadian Government Bonds fund actively managed by Desjardins. DMEC.TO is passively managed, while DCG.TO is actively managed. Over the past year, DMEC.TO returned 33.73% vs 3.26% for DCG.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
DMEC.TO vs. DCG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DMEC.TO achieves a 12.80% return, which is significantly higher than DCG.TO's 1.27% return.
DMEC.TO
- 1D
- 0.15%
- 1M
- 0.55%
- 6M
- 8.72%
- YTD
- 12.80%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCG.TO
- 1D
- 0.16%
- 1M
- -0.03%
- 6M
- 0.89%
- YTD
- 1.27%
- 1Y
- 3.26%
- 3Y*
- 4.52%
- 5Y*
- 1.70%
- 10Y*
- —
DMEC.TO vs. DCG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 12.80% | 31.87% | 16.56% |
DCG.TO Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF | 1.27% | 3.26% | 5.65% |
Correlation
The correlation between DMEC.TO and DCG.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.11 |
The correlation between DMEC.TO and DCG.TO shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DMEC.TO vs. DCG.TO — Risk / Return Rank
DMEC.TO
DCG.TO
DMEC.TO vs. DCG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Equity Index ETF (DMEC.TO) and Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF (DCG.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.
| DMEC.TO | DCG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.30 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.04 | +1.56 |
| Martin ratioReturn relative to average drawdown | 16.21 | 6.50 | +9.71 |
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Drawdowns
DMEC.TO vs. DCG.TO - Drawdown Comparison
The maximum DMEC.TO drawdown since its inception was -12.15%, which is greater than DCG.TO's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and DCG.TO.
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Drawdown Indicators
| DMEC.TO | DCG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -8.19% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -1.61% | -7.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.39% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -1.82% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.50% | +1.59% |
Volatility
DMEC.TO vs. DCG.TO - Volatility Comparison
Desjardins Canadian Equity Index ETF (DMEC.TO) has a higher volatility of 2.20% compared to Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF (DCG.TO) at 0.58%. This indicates that DMEC.TO's price experiences larger fluctuations and is considered to be riskier than DCG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMEC.TO | DCG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.58% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 1.73% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 2.43% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 3.17% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 2.86% | +10.05% |
Dividends
DMEC.TO vs. DCG.TO - Dividend Comparison
DMEC.TO's dividend yield for the trailing twelve months is around 1.71%, less than DCG.TO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCG.TO Desjardins 1-5 Year Laddered Canadian Government Bond Index ETF | 2.18% | 2.23% | 2.26% | 2.20% | 2.79% | 2.56% | 3.08% | 3.14% | 3.16% | 2.30% |
DMEC.TO Desjardins Canadian Equity Index ETF | 1.71% | 1.78% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DMEC.TO and DCG.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMEC.TO is categorized as Canada Equities, while DCG.TO is Canadian Government Bonds.
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