DMEC.TO vs. DRMC.TO

Last updated Jul 16, 2026

DMEC.TO (Desjardins Canadian Equity Index ETF) and DRMC.TO (Desjardins RI Canada - Net-Zero Emissions Pathway ETF) are both Canada Equities funds from Desjardins. DMEC.TO is passively managed, while DRMC.TO is actively managed. Over the past year, DMEC.TO returned 33.73% vs 31.76% for DRMC.TO. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

DMEC.TO vs. DRMC.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 Canada - Net-Zero Emissions Pathway ETF (DRMC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMEC.TO achieves a 12.80% return, which is significantly higher than DRMC.TO's 11.28% return.

DMEC.TO

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

DRMC.TO

• 1D: 0.26%
• 1M: 0.43%
• 6M: 7.31%
• YTD: 11.28%
• 1Y: 31.76%
• 3Y*: 23.99%
• 5Y*: 14.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024
DMEC.TO Desjardins Canadian Equity Index ETF	12.80%	31.87%	16.56%
DRMC.TO Desjardins RI Canada - Net-Zero Emissions Pathway ETF	11.28%	32.01%	18.78%

Correlation

The correlation between DMEC.TO and DRMC.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024	0.84

The correlation between DMEC.TO and DRMC.TO has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

DMEC.TO vs. DRMC.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: 89
DMEC.TO Sharpe Ratio Rank: 92
DMEC.TO Sortino Ratio Rank: 89
DMEC.TO Omega Ratio Rank: 90
DMEC.TO Calmar Ratio Rank: 83
DMEC.TO Martin Ratio Rank: 90

DRMC.TO

DRMC.TO Risk / Return Rank: 85
DRMC.TO Sharpe Ratio Rank: 88
DRMC.TO Sortino Ratio Rank: 86
DRMC.TO Omega Ratio Rank: 87
DRMC.TO Calmar Ratio Rank: 80
DRMC.TO Martin Ratio Rank: 83

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. DRMC.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 Canada - Net-Zero Emissions Pathway ETF (DRMC.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	DRMC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.31	+0.28
Sortino ratio: Return per unit of downside risk	3.31	3.11	+0.20
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.60	3.40	+0.20
Martin ratio: Return relative to average drawdown	16.21	13.21	+3.00

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

The current DMEC.TO Sharpe Ratio is 2.59, which is comparable to the DRMC.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DMEC.TO and DRMC.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.

Drawdowns

DMEC.TO vs. DRMC.TO - Drawdown Comparison

The maximum DMEC.TO drawdown since its inception was -12.15%, smaller than the maximum DRMC.TO drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and DRMC.TO.

Drawdown Indicators

	DMEC.TO	DRMC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-34.55%	+22.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-9.40%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.43%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-1.40%	-4.50%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.41%	-0.32%

Volatility

DMEC.TO vs. DRMC.TO - Volatility Comparison

The current volatility for Desjardins Canadian Equity Index ETF (DMEC.TO) is 2.20%, while Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC.TO) has a volatility of 2.60%. This indicates that DMEC.TO experiences smaller price fluctuations and is considered to be less risky than DRMC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMEC.TO	DRMC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	2.60%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	11.04%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	13.82%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	13.96%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.91%	17.37%	-4.46%

Dividends

DMEC.TO vs. DRMC.TO - Dividend Comparison

DMEC.TO's dividend yield for the trailing twelve months is around 1.71%, more than DRMC.TO's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
DRMC.TO Desjardins RI Canada - Net-Zero Emissions Pathway ETF	1.59%	1.72%	2.16%	2.66%	2.53%	2.18%	2.75%	2.52%	0.72%

Frequently Asked Questions

Can I hold both DMEC.TO and DRMC.TO in my portfolio?

DMEC.TO and DRMC.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.