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

DRFC.TO vs. XEI.TO

Last updated Jul 16, 2026
Documentation

DRFC.TO (Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both Canada Equities funds. DRFC.TO is actively managed, while XEI.TO is passively managed. Over the past 5 years, DRFC.TO returned 18.32%/yr vs 15.70%/yr for XEI.TO. At a 0.44 correlation, their price movements are largely independent.

Performance

DRFC.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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 XEI.TO's 27.27% 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*
—

XEI.TO

1D
0.75%
1M
2.77%
6M
23.90%
YTD
27.27%
1Y
39.57%
3Y*
22.45%
5Y*
15.70%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRFC.TO vs. XEI.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%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		27.27%20.86%15.26%6.59%0.32%35.76%-7.60%25.30%-9.90%

Correlation

The correlation between DRFC.TO and XEI.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

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

0.53

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

0.44

The correlation between DRFC.TO and XEI.TO shifts across timeframes, from 0.41 (1 year) to 0.61 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF

iShares S&P/TSX Composite High Dividend Index ETF

Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

DRFC.TO vs. XEI.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
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
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. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.18
4.96

-2.78

Sortino ratioReturn per unit of downside risk
2.88
6.89

-4.01

Omega ratioGain probability vs. loss probability

1.39

1.99

-0.60

Calmar ratioReturn relative to maximum drawdown

3.08

9.43

-6.34

Martin ratioReturn relative to average drawdown

13.21

41.44

-28.23

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

The current DRFC.TO Sharpe Ratio is 2.18, which is lower than the XEI.TO Sharpe Ratio of 4.96. The chart below compares the historical Sharpe Ratios of DRFC.TO and XEI.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. XEI.TO - Drawdown Comparison

The maximum DRFC.TO drawdown since its inception was -39.87%, smaller than the maximum XEI.TO drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for DRFC.TO and XEI.TO.

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Drawdown Indicators

DRFC.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.87%

-45.52%

+5.65%

Max Drawdown (1Y)

Largest decline over 1 year

-9.65%

-4.22%

-5.43%

Max Drawdown (3Y)

Largest decline over 3 years

-10.87%

-9.96%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-14.04%

-17.35%

+3.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.52%

—

Current Drawdown

Current decline from peak

-0.31%

0.00%

-0.31%

Average Drawdown

Average peak-to-trough decline

-3.92%

-5.07%

+1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

0.96%

+1.29%

Volatility

DRFC.TO vs. XEI.TO - Volatility Comparison

Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC.TO) has a higher volatility of 2.66% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.21%. This indicates that DRFC.TO's price experiences larger fluctuations and is considered to be riskier than XEI.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.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.66%

2.21%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.32%

6.00%

+5.32%

Volatility (1Y)

Calculated over the trailing 1-year period

13.67%

8.03%

+5.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

11.30%

+2.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

16.00%

+0.74%

Dividends

DRFC.TO vs. XEI.TO - Dividend Comparison

DRFC.TO's dividend yield for the trailing twelve months is around 1.46%, less than XEI.TO's 3.41% 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%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.41%4.47%5.45%4.97%4.68%3.58%5.03%4.62%5.42%4.29%4.41%5.64%

Frequently Asked Questions

DRFC.TO and XEI.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Desjardins and iShares.

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