DRCU.TO vs. DRFD.TO

Last updated Jul 16, 2026

DRCU.TO (Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF) and DRFD.TO (Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DRCU.TO is a Sustainable fund actively managed by Desjardins, while DRFD.TO is a Foreign Large Cap Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DRCU.TO returned 0.58%/yr vs 11.86%/yr for DRFD.TO. At a 0.12 correlation, their price movements are largely independent.

Performance

DRCU.TO vs. DRFD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.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.

Returns By Period

In the year-to-date period, DRCU.TO achieves a 0.39% return, which is significantly lower than DRFD.TO's 12.55% return.

DRCU.TO

• 1D: -0.32%
• 1M: -0.75%
• 6M: 0.76%
• YTD: 0.39%
• 1Y: 4.30%
• 3Y*: 4.55%
• 5Y*: 0.58%
• 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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DRCU.TO Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF	0.39%	3.11%	5.29%	6.29%	-11.24%	-3.01%	7.92%	8.54%	0.21%
DRFD.TO Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF	12.55%	30.23%	16.52%	12.80%	-10.88%	9.94%	2.12%	16.03%	-9.02%

Correlation

The correlation between DRCU.TO and DRFD.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018	0.12

The correlation between DRCU.TO and DRFD.TO shifts across timeframes, from 0.12 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRCU.TO

DRCU.TO Risk / Return Rank: 28
DRCU.TO Sharpe Ratio Rank: 27
DRCU.TO Sortino Ratio Rank: 25
DRCU.TO Omega Ratio Rank: 26
DRCU.TO Calmar Ratio Rank: 32
DRCU.TO Martin Ratio Rank: 30

DRFD.TO

DRFD.TO Risk / Return Rank: 69
DRFD.TO Sharpe Ratio Rank: 73
DRFD.TO Sortino Ratio Rank: 76
DRFD.TO Omega Ratio Rank: 79
DRFD.TO Calmar Ratio Rank: 55
DRFD.TO Martin Ratio Rank: 62

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.

DRCU.TO vs. DRFD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.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.

	DRCU.TO	DRFD.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.88	-1.04
Sortino ratio: Return per unit of downside risk	1.19	2.74	-1.54
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.38	2.28	-0.90
Martin ratio: Return relative to average drawdown	3.52	8.89	-5.37

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

The current DRCU.TO Sharpe Ratio is 0.84, which is lower than the DRFD.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DRCU.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.

Drawdowns

DRCU.TO vs. DRFD.TO - Drawdown Comparison

The maximum DRCU.TO drawdown since its inception was -18.29%, smaller than the maximum DRFD.TO drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for DRCU.TO and DRFD.TO.

Drawdown Indicators

	DRCU.TO	DRFD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.29%	-25.18%	+6.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.61%	-11.85%	+9.24%
Max Drawdown (3Y) Largest decline over 3 years	-4.71%	-13.78%	+9.07%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-22.31%	+6.17%
Current Drawdown Current decline from peak	-1.22%	-1.66%	+0.44%
Average Drawdown Average peak-to-trough decline	-5.78%	-5.26%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	3.03%	-2.01%

Volatility

DRCU.TO vs. DRFD.TO - Volatility Comparison

The current volatility for Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.TO) is 1.03%, 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 DRCU.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.

Volatility by Period

	DRCU.TO	DRFD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	3.49%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	3.19%	12.39%	-9.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.33%	14.42%	-10.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.51%	13.39%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.72%	13.67%	-5.95%

Dividends

DRCU.TO vs. DRFD.TO - Dividend Comparison

DRCU.TO's dividend yield for the trailing twelve months is around 3.43%, more than DRFD.TO's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRCU.TO Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF	3.43%	3.43%	3.27%	2.62%	3.34%	2.87%	2.69%	2.67%	0.71%
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

Can I hold both DRCU.TO and DRFD.TO in my portfolio?

DRCU.TO and DRFD.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between DRCU.TO and DRFD.TO?

DRCU.TO is categorized as Sustainable, while DRFD.TO is Foreign Large Cap Equities.