DMEC.TO vs. XEN.TO

Last updated Jun 4, 2026

DMEC.TO (Desjardins Canadian Equity Index ETF) and XEN.TO (iShares Jantzi Social Index ETF) are both Canada Equities funds - DMEC.TO tracks the Solactive Canada Broad Market Index (CA NTR) while XEN.TO tracks the Morningstar Canada GR CAD. Both are passively managed. Over the past year, DMEC.TO returned 34.96% vs 34.13% for XEN.TO. Their correlation of 0.84 suggests significant overlap in exposure. DMEC.TO charges 0.05%/yr vs 0.55%/yr for XEN.TO.

Performance

DMEC.TO vs. XEN.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 iShares Jantzi Social Index ETF (XEN.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 10.72% return, which is significantly higher than XEN.TO's 9.68% return.

DMEC.TO

• 1D: -1.07%
• 1M: 3.70%
• YTD: 10.72%
• 6M: 13.13%
• 1Y: 34.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XEN.TO

• 1D: -0.09%
• 1M: 3.24%
• YTD: 9.68%
• 6M: 11.21%
• 1Y: 34.13%
• 3Y*: 22.90%
• 5Y*: 15.29%
• 10Y*: 12.32%

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

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

	2026 (YTD)	2025	2024
DMEC.TO Desjardins Canadian Equity Index ETF	10.72%	31.87%	16.56%
XEN.TO iShares Jantzi Social Index ETF	9.68%	34.17%	12.36%

Correlation

The correlation between DMEC.TO and XEN.TO is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Apr 19, 2024	0.84

The correlation between DMEC.TO and XEN.TO has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

DMEC.TO vs. XEN.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: 82
DMEC.TO Sharpe Ratio Rank: 85
DMEC.TO Sortino Ratio Rank: 80
DMEC.TO Omega Ratio Rank: 84
DMEC.TO Calmar Ratio Rank: 75
DMEC.TO Martin Ratio Rank: 84

XEN.TO

XEN.TO Risk / Return Rank: 83
XEN.TO Sharpe Ratio Rank: 85
XEN.TO Sortino Ratio Rank: 83
XEN.TO Omega Ratio Rank: 84
XEN.TO Calmar Ratio Rank: 78
XEN.TO Martin Ratio Rank: 86

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. XEN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Equity Index ETF (DMEC.TO) and iShares Jantzi Social Index ETF (XEN.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	XEN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.80	2.79	+0.01
Sortino ratio: Return per unit of downside risk	3.59	3.72	-0.13
Omega ratio: Gain probability vs. loss probability	1.51	1.51	-0.01
Calmar ratio: Return relative to maximum drawdown	3.73	4.01	-0.28
Martin ratio: Return relative to average drawdown	17.20	18.09	-0.89
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. XEN.TO - Sharpe Ratio Comparison

The current DMEC.TO Sharpe Ratio is 2.80, which is comparable to the XEN.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of DMEC.TO and XEN.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.

Sharpe Ratios by Period

	DMEC.TO	XEN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	2.79	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	0.44	+1.77

Drawdowns

DMEC.TO vs. XEN.TO - Drawdown Comparison

The maximum DMEC.TO drawdown since its inception was -12.15%, smaller than the maximum XEN.TO drawdown of -49.69%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and XEN.TO.

Drawdown Indicators

	DMEC.TO	XEN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-49.69%	+37.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-8.55%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.24%	—
Current Drawdown Current decline from peak	-1.07%	-0.09%	-0.98%
Average Drawdown Average peak-to-trough decline	-1.42%	-7.65%	+6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.89%	+0.15%

Volatility

DMEC.TO vs. XEN.TO - Volatility Comparison

Desjardins Canadian Equity Index ETF (DMEC.TO) has a higher volatility of 3.42% compared to iShares Jantzi Social Index ETF (XEN.TO) at 2.49%. This indicates that DMEC.TO's price experiences larger fluctuations and is considered to be riskier than XEN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMEC.TO	XEN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.49%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	9.88%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	12.30%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	13.91%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.97%	15.07%	-2.10%

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

DMEC.TO has a 0.05% expense ratio, which is lower than XEN.TO's 0.55% expense ratio.

Dividends

DMEC.TO vs. XEN.TO - Dividend Comparison

DMEC.TO's dividend yield for the trailing twelve months is around 1.91%, more than XEN.TO's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMEC.TO Desjardins Canadian Equity Index ETF	1.91%	1.78%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEN.TO iShares Jantzi Social Index ETF	1.69%	1.83%	2.29%	2.46%	2.60%	1.73%	3.72%	2.13%	2.31%	1.75%	2.07%	2.57%

Frequently Asked Questions

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

With a correlation of 0.90, DMEC.TO and XEN.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DMEC.TO or XEN.TO?

On fees, DMEC.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMEC.TO or XEN.TO?

DMEC.TO is cheaper with a 0.05% expense ratio, compared with 0.55% for XEN.TO.

What is the main difference between DMEC.TO and XEN.TO?

DMEC.TO tracks Solactive Canada Broad Market Index (CA NTR), while XEN.TO tracks Morningstar Canada GR CAD. They also come from different issuers: Desjardins and iShares. Their fees differ too: 0.05% for DMEC.TO and 0.55% for XEN.TO.