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DRFC.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRFC.TO vs. VCN.TO

Last updated Jul 16, 2026
Documentation

DRFC.TO (Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF) and VCN.TO (Vanguard FTSE Canada All Cap Index ETF) are both Canada Equities funds. DRFC.TO is actively managed, while VCN.TO is passively managed. Over the past 5 years, DRFC.TO returned 18.32%/yr vs 15.45%/yr for VCN.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

DRFC.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

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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 VCN.TO's 12.79% 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*
—

VCN.TO

1D
0.29%
1M
0.71%
6M
8.76%
YTD
12.79%
1Y
33.20%
3Y*
23.86%
5Y*
15.45%
10Y*
12.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRFC.TO vs. VCN.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DRFC.TO
Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF		11.16%30.94%25.27%16.28%-0.80%29.17%-2.93%15.09%-6.60%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		12.79%31.00%22.16%12.29%-5.76%25.65%4.83%22.09%-11.01%

Correlation

The correlation between DRFC.TO and VCN.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 (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2018

0.55

Over the past year, DRFC.TO and VCN.TO have become more correlated (0.95) than their long-term average of 0.55, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF

Vanguard FTSE Canada All Cap Index ETF

Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

DRFC.TO vs. VCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRFC.TO
DRFC.TO Risk / Return Rank: 8181
Overall Rank
DRFC.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DRFC.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
DRFC.TO Omega Ratio Rank: 8282
Omega Ratio Rank
DRFC.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DRFC.TO Martin Ratio Rank: 8383
Martin Ratio Rank
VCN.TO
VCN.TO Risk / Return Rank: 8989
Overall Rank
VCN.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 9090
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 9191
Martin Ratio Rank
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.

DRFC.TO vs. VCN.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 Vanguard FTSE Canada All Cap Index ETF (VCN.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.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
2.18
2.56

-0.38

Sortino ratioReturn per unit of downside risk
2.88
3.31

-0.43

Omega ratioGain probability vs. loss probability

1.39

1.46

-0.07

Calmar ratioReturn relative to maximum drawdown

3.08

3.66

-0.58

Martin ratioReturn relative to average drawdown

13.21

16.73

-3.52

DRFC.TO vs. VCN.TO - Sharpe Ratio Comparison

The current DRFC.TO Sharpe Ratio is 2.18, which is comparable to the VCN.TO Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of DRFC.TO and VCN.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.

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Drawdowns

DRFC.TO vs. VCN.TO - Drawdown Comparison

The maximum DRFC.TO drawdown since its inception was -39.87%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for DRFC.TO and VCN.TO.

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Drawdown Indicators

DRFC.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.87%

-37.32%

-2.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.65%

-9.11%

-0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-10.87%

-12.24%

+1.37%

Max Drawdown (5Y)

Largest decline over 5 years

-14.04%

-16.12%

+2.08%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.32%

—

Current Drawdown

Current decline from peak

-0.31%

0.00%

-0.31%

Average Drawdown

Average peak-to-trough decline

-3.92%

-3.87%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

1.99%

+0.26%

Volatility

DRFC.TO vs. VCN.TO - Volatility Comparison

Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.TO) has a higher volatility of 2.66% compared to Vanguard FTSE Canada All Cap Index ETF (VCN.TO) at 2.25%. This indicates that DRFC.TO's price experiences larger fluctuations and is considered to be riskier than VCN.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.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.66%

2.25%

+0.41%

Volatility (6M)

Calculated over the trailing 6-month period

11.32%

10.59%

+0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

13.67%

13.04%

+0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

13.11%

+0.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

14.96%

+1.78%

Dividends

DRFC.TO vs. VCN.TO - Dividend Comparison

DRFC.TO's dividend yield for the trailing twelve months is around 1.46%, less than VCN.TO's 2.01% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.01%2.27%2.71%3.00%3.17%2.49%2.72%2.88%2.83%2.29%2.36%2.68%

Frequently Asked Questions

With a correlation of 0.95, DRFC.TO and VCN.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.

They also come from different issuers: Desjardins and Vanguard.

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