DMEC.TO vs. HCA.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Desjardins Canadian Equity Index ETF (DMEC.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO).

DMEC.TO and HCA.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMEC.TO is a passively managed fund by Desjardins that tracks the performance of the Solactive Canada Broad Market Index (CA NTR). It was launched on Apr 15, 2024. HCA.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Canadian Bank Mean Reversion Index. It was launched on Jun 26, 2020. Both DMEC.TO and HCA.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DMEC.TO vs. HCA.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 Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024
DMEC.TO Desjardins Canadian Equity Index ETF	3.74%	31.87%	16.56%
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	-0.14%	51.09%	28.02%

Returns By Period

In the year-to-date period, DMEC.TO achieves a 3.74% return, which is significantly higher than HCA.TO's -0.14% return.

DMEC.TO

• 1D: 2.63%
• 1M: -4.62%
• YTD: 3.74%
• 6M: 10.40%
• 1Y: 34.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HCA.TO

• 1D: 0.00%
• 1M: -5.78%
• YTD: -0.14%
• 6M: 11.27%
• 1Y: 48.91%
• 3Y*: 34.39%
• 5Y*: 25.85%
• 10Y*: —

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

DMEC.TO vs. HCA.TO - Expense Ratio Comparison

DMEC.TO has a 0.05% expense ratio, which is lower than HCA.TO's 0.45% expense ratio.

HCA.TO

Hamilton Canadian Bank Mean Reversion Index ETF

DMEC.TO

Desjardins Canadian Equity Index ETF

Return for Risk

DMEC.TO vs. HCA.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: 94
DMEC.TO Sharpe Ratio Rank: 94
DMEC.TO Sortino Ratio Rank: 94
DMEC.TO Omega Ratio Rank: 95
DMEC.TO Calmar Ratio Rank: 92
DMEC.TO Martin Ratio Rank: 94

HCA.TO

HCA.TO Risk / Return Rank: 98
HCA.TO Sharpe Ratio Rank: 98
HCA.TO Sortino Ratio Rank: 98
HCA.TO Omega Ratio Rank: 98
HCA.TO Calmar Ratio Rank: 98
HCA.TO Martin Ratio Rank: 98

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. HCA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Equity Index ETF (DMEC.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.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.

	DMEC.TO	HCA.TO	Difference
Sharpe ratio Return per unit of total volatility	2.31	3.65	-1.35
Sortino ratio Return per unit of downside risk	2.92	4.94	-2.02
Omega ratio Gain probability vs. loss probability	1.46	1.73	-0.27
Calmar ratio Return relative to maximum drawdown	3.39	5.74	-2.36
Martin ratio Return relative to average drawdown	14.94	23.87	-8.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DMEC.TO Sharpe Ratio is 2.31, which is lower than the HCA.TO Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of DMEC.TO and HCA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DMEC.TO	HCA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	3.65	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	1.99	+0.09

Correlation

The correlation between DMEC.TO and HCA.TO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DMEC.TO vs. HCA.TO - Dividend Comparison

DMEC.TO's dividend yield for the trailing twelve months is around 2.04%, less than HCA.TO's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020
DMEC.TO Desjardins Canadian Equity Index ETF	2.04%	1.78%	1.39%	0.00%	0.00%	0.00%	0.00%
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	3.46%	5.59%	15.89%	20.26%	16.23%	11.79%	3.54%

Drawdowns

DMEC.TO vs. HCA.TO - Drawdown Comparison

The maximum DMEC.TO drawdown since its inception was -12.15%, smaller than the maximum HCA.TO drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and HCA.TO.

Drawdown Indicators

	DMEC.TO	HCA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-17.82%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-8.52%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.82%	—
Current Drawdown Current decline from peak	-5.07%	-7.83%	+2.76%
Average Drawdown Average peak-to-trough decline	-1.42%	-3.43%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	2.05%	+0.33%

Volatility

DMEC.TO vs. HCA.TO - Volatility Comparison

Desjardins Canadian Equity Index ETF (DMEC.TO) has a higher volatility of 6.14% compared to Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) at 5.12%. This indicates that DMEC.TO's price experiences larger fluctuations and is considered to be riskier than HCA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMEC.TO	HCA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	5.12%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	9.86%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	15.11%	13.45%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	14.86%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	15.04%	-1.96%