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DMEC.TO vs. DRFD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DMEC.TO vs. DRFD.TO

Last updated Jul 16, 2026
Documentation

DMEC.TO (Desjardins Canadian Equity Index ETF) and DRFD.TO (Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DMEC.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index (CA NTR), while DRFD.TO is a Foreign Large Cap Equities fund actively managed by Desjardins. DMEC.TO is passively managed, while DRFD.TO is actively managed. Over the past year, DMEC.TO returned 33.73% vs 26.87% for DRFD.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

DMEC.TO vs. DRFD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins Canadian Equity Index ETF (DMEC.TO) and Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with DMEC.TO having a 12.80% return and DRFD.TO slightly lower at 12.55%.

DMEC.TO

1D
0.15%
1M
0.55%
6M
8.72%
YTD
12.80%
1Y
33.73%
3Y*
—
5Y*
—
10Y*
—

DRFD.TO

1D
1.07%
1M
2.79%
6M
9.84%
YTD
12.55%
1Y
26.87%
3Y*
21.85%
5Y*
11.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DMEC.TO vs. DRFD.TO - Yearly Performance Comparison

2026 (YTD)20252024
DMEC.TO
Desjardins Canadian Equity Index ETF		12.80%31.87%16.56%
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		12.55%30.23%7.63%

Correlation

The correlation between DMEC.TO and DRFD.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2024

0.30

Over the past year, DMEC.TO and DRFD.TO have become more correlated (0.51) than their long-term average of 0.30, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Desjardins Canadian Equity Index ETF

Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF

Often compared with DMEC.TO:
DMEC.TO vs. RCD.TODMEC.TO vs. VCN.TODMEC.TO vs. VCE.TODMEC.TO vs. KNGC.TODMEC.TO vs. TQCD.TODMEC.TO vs. FCCQ.TODMEC.TO vs. FCCM.NEO

Return for Risk

DMEC.TO vs. DRFD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DMEC.TO
DMEC.TO Risk / Return Rank: 8989
Overall Rank
DMEC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DMEC.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
DMEC.TO Omega Ratio Rank: 9090
Omega Ratio Rank
DMEC.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
DMEC.TO Martin Ratio Rank: 9090
Martin Ratio Rank
DRFD.TO
DRFD.TO Risk / Return Rank: 6969
Overall Rank
DRFD.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DRFD.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
DRFD.TO Omega Ratio Rank: 7979
Omega Ratio Rank
DRFD.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
DRFD.TO Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMEC.TO vs. DRFD.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 RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.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.TODRFD.TODifference
Sharpe ratioReturn per unit of total volatility
2.59
1.88

+0.71

Sortino ratioReturn per unit of downside risk
3.31
2.74

+0.58

Omega ratioGain probability vs. loss probability

1.46

1.37

+0.09

Calmar ratioReturn relative to maximum drawdown

3.60

2.28

+1.32

Martin ratioReturn relative to average drawdown

16.21

8.89

+7.32

DMEC.TO vs. DRFD.TO - Sharpe Ratio Comparison

The current DMEC.TO Sharpe Ratio is 2.59, which is higher than the DRFD.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DMEC.TO and DRFD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DMEC.TO vs. DRFD.TO - Drawdown Comparison

The maximum DMEC.TO drawdown since its inception was -12.15%, smaller than the maximum DRFD.TO drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and DRFD.TO.

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Drawdown Indicators

DMEC.TODRFD.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.15%

-25.18%

+13.03%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-11.85%

+2.44%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.78%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.31%

—

Current Drawdown

Current decline from peak

0.00%

-1.66%

+1.66%

Average Drawdown

Average peak-to-trough decline

-1.40%

-5.26%

+3.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

3.03%

-0.94%

Volatility

DMEC.TO vs. DRFD.TO - Volatility Comparison

The current volatility for Desjardins Canadian Equity Index ETF (DMEC.TO) is 2.20%, while Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.TO) has a volatility of 3.49%. This indicates that DMEC.TO experiences smaller price fluctuations and is considered to be less risky than DRFD.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.TODRFD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.20%

3.49%

-1.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

12.39%

-1.72%

Volatility (1Y)

Calculated over the trailing 1-year period

13.10%

14.42%

-1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.91%

13.39%

-0.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.91%

13.67%

-0.76%

Dividends

DMEC.TO vs. DRFD.TO - Dividend Comparison

DMEC.TO's dividend yield for the trailing twelve months is around 1.71%, less than DRFD.TO's 2.36% yield.

PositionTTM20252024202320222021202020192018
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%
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		2.36%2.68%2.55%2.17%2.74%2.38%2.55%2.34%0.72%

Frequently Asked Questions

DMEC.TO and DRFD.TO have a correlation of 0.51, 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 DRFD.TO is Foreign Large Cap Equities.

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