DRFC.TO vs. DMEC.TO
DRFC.TO (Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds from Desjardins. DRFC.TO is actively managed, while DMEC.TO is passively managed. Over the past year, DRFC.TO returned 29.61% vs 33.73% for DMEC.TO. Their correlation of 0.86 suggests significant overlap in exposure.
Performance
DRFC.TO vs. DMEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DRFC.TO achieves a 11.16% return, which is significantly lower than DMEC.TO's 12.80% return.
DRFC.TO
- 1D
- 0.57%
- 1M
- -0.03%
- 6M
- 6.78%
- YTD
- 11.16%
- 1Y
- 29.61%
- 3Y*
- 25.13%
- 5Y*
- 18.32%
- 10Y*
- —
DMEC.TO
- 1D
- 0.15%
- 1M
- 0.55%
- 6M
- 8.72%
- YTD
- 12.80%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRFC.TO vs. DMEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DRFC.TO Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF | 11.16% | 30.94% | 21.06% |
DMEC.TO Desjardins Canadian Equity Index ETF | 12.80% | 31.87% | 16.56% |
Correlation
The correlation between DRFC.TO and DMEC.TO is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.86 |
The correlation between DRFC.TO and DMEC.TO has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
DRFC.TO vs. DMEC.TO — Risk / Return Rank
DRFC.TO
DMEC.TO
DRFC.TO vs. DMEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.TO) and Desjardins Canadian Equity Index ETF (DMEC.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.
| DRFC.TO | DMEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.60 | -0.52 |
| Martin ratioReturn relative to average drawdown | 13.21 | 16.21 | -3.00 |
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Drawdowns
DRFC.TO vs. DMEC.TO - Drawdown Comparison
The maximum DRFC.TO drawdown since its inception was -39.87%, which is greater than DMEC.TO's maximum drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for DRFC.TO and DMEC.TO.
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Drawdown Indicators
| DRFC.TO | DMEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -12.15% | -27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.41% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.04% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -1.40% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.09% | +0.16% |
Volatility
DRFC.TO vs. DMEC.TO - Volatility Comparison
Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.TO) has a higher volatility of 2.66% compared to Desjardins Canadian Equity Index ETF (DMEC.TO) at 2.20%. This indicates that DRFC.TO's price experiences larger fluctuations and is considered to be riskier than DMEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRFC.TO | DMEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.20% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 10.67% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 13.10% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 12.91% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 12.91% | +3.83% |
Dividends
DRFC.TO vs. DMEC.TO - Dividend Comparison
DRFC.TO's dividend yield for the trailing twelve months is around 1.46%, less than DMEC.TO's 1.71% 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% |
DRFC.TO Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF | 1.46% | 1.58% | 1.94% | 2.34% | 2.23% | 2.33% | 2.94% | 4.77% | 0.70% |
Frequently Asked Questions
With a correlation of 0.95, DRFC.TO and DMEC.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.
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