PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DRFE.TO vs. DANC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRFE.TO vs. DANC.TO

Last updated Jul 16, 2026
Documentation

DRFE.TO (Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF) and DANC.TO (Desjardins Market Neutral ETF CA Unhedged) are both exchange-traded funds - DRFE.TO is a Emerging Markets Equities fund actively managed by Desjardins, while DANC.TO is a Equity Market Neutral fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DRFE.TO returned 11.65%/yr vs 1.47%/yr for DANC.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

DRFE.TO vs. DANC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.TO) and Desjardins Market Neutral ETF CA Unhedged (DANC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DRFE.TO achieves a 21.13% return, which is significantly higher than DANC.TO's -0.40% return.

DRFE.TO

1D
-0.72%
1M
-5.64%
6M
13.96%
YTD
21.13%
1Y
26.63%
3Y*
21.37%
5Y*
11.65%
10Y*
—

DANC.TO

1D
-0.04%
1M
-0.54%
6M
-0.58%
YTD
-0.40%
1Y
-0.80%
3Y*
2.53%
5Y*
1.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRFE.TO vs. DANC.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DRFE.TO
Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF		21.13%21.25%18.51%10.59%-8.03%4.88%7.49%0.47%
DANC.TO
Desjardins Market Neutral ETF CA Unhedged		-0.40%-0.57%5.90%3.01%0.42%0.18%4.54%3.73%

Correlation

The correlation between DRFE.TO and DANC.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.05

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

0.06

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2019

0.05

The correlation between DRFE.TO and DANC.TO shifts across timeframes, from 0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF

Desjardins Market Neutral ETF CA Unhedged

Return for Risk

DRFE.TO vs. DANC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRFE.TO
DRFE.TO Risk / Return Rank: 4646
Overall Rank
DRFE.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
DRFE.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
DRFE.TO Omega Ratio Rank: 4848
Omega Ratio Rank
DRFE.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
DRFE.TO Martin Ratio Rank: 5050
Martin Ratio Rank
DANC.TO
DANC.TO Risk / Return Rank: 55
Overall Rank
DANC.TO Sharpe Ratio Rank: 66
Sharpe Ratio Rank
DANC.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
DANC.TO Omega Ratio Rank: 55
Omega Ratio Rank
DANC.TO Calmar Ratio Rank: 55
Calmar Ratio Rank
DANC.TO Martin Ratio Rank: 44
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.

DRFE.TO vs. DANC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.TO) and Desjardins Market Neutral ETF CA Unhedged (DANC.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.

DRFE.TODANC.TODifference
Sharpe ratioReturn per unit of total volatility
1.27
-0.32

+1.59

Sortino ratioReturn per unit of downside risk
1.74
-0.44

+2.17

Omega ratioGain probability vs. loss probability

1.26

0.94

+0.31

Calmar ratioReturn relative to maximum drawdown

2.17

-0.56

+2.74

Martin ratioReturn relative to average drawdown

6.93

-1.06

+7.99

DRFE.TO vs. DANC.TO - Sharpe Ratio Comparison

The current DRFE.TO Sharpe Ratio is 1.27, which is higher than the DANC.TO Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of DRFE.TO and DANC.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.

Loading charts...

Drawdowns

DRFE.TO vs. DANC.TO - Drawdown Comparison

The maximum DRFE.TO drawdown since its inception was -25.26%, which is greater than DANC.TO's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for DRFE.TO and DANC.TO.

Loading charts...

Drawdown Indicators

DRFE.TODANC.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.26%

-2.79%

-22.47%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-1.42%

-10.89%

Max Drawdown (3Y)

Largest decline over 3 years

-14.27%

-1.74%

-12.53%

Max Drawdown (5Y)

Largest decline over 5 years

-21.05%

-2.44%

-18.61%

Current Drawdown

Current decline from peak

-8.52%

-1.25%

-7.27%

Average Drawdown

Average peak-to-trough decline

-6.88%

-0.67%

-6.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

0.75%

+3.10%

Volatility

DRFE.TO vs. DANC.TO - Volatility Comparison

Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.TO) has a higher volatility of 9.86% compared to Desjardins Market Neutral ETF CA Unhedged (DANC.TO) at 1.15%. This indicates that DRFE.TO's price experiences larger fluctuations and is considered to be riskier than DANC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DRFE.TODANC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.86%

1.15%

+8.71%

Volatility (6M)

Calculated over the trailing 6-month period

19.33%

2.09%

+17.24%

Volatility (1Y)

Calculated over the trailing 1-year period

21.00%

2.52%

+18.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.59%

2.12%

+14.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

2.17%

+15.05%

Dividends

DRFE.TO vs. DANC.TO - Dividend Comparison

DRFE.TO's dividend yield for the trailing twelve months is around 1.61%, more than DANC.TO's 0.41% yield.

PositionTTM2025202420232022202120202019
DANC.TO
Desjardins Market Neutral ETF CA Unhedged		0.41%0.99%1.29%2.39%0.19%0.19%0.93%0.83%
DRFE.TO
Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF		1.61%2.10%2.60%3.04%3.00%2.49%2.45%2.05%

Frequently Asked Questions

DRFE.TO and DANC.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DRFE.TO is categorized as Emerging Markets Equities, while DANC.TO is Equity Market Neutral.

Portfolio Optimizer

Find the right allocation for DRFE.TO and DANC.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer