PortfoliosLab logoPortfoliosLab logo

Documentation

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

DRFE.TO vs. DRMC.TO

Last updated Jul 16, 2026
Documentation

DRFE.TO (Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF) and DRMC.TO (Desjardins RI Canada - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - DRFE.TO is a Emerging Markets Equities fund actively managed by Desjardins, while DRMC.TO is a Canada Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DRFE.TO returned 11.65%/yr vs 14.33%/yr for DRMC.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

DRFE.TO vs. DRMC.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 RI Canada - Net-Zero Emissions Pathway ETF (DRMC.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 DRMC.TO's 11.28% 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*
—

DRMC.TO

1D
0.26%
1M
0.43%
6M
7.31%
YTD
11.28%
1Y
31.76%
3Y*
23.99%
5Y*
14.33%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRFE.TO vs. DRMC.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%
DRMC.TO
Desjardins RI Canada - Net-Zero Emissions Pathway ETF		11.28%32.01%24.10%13.91%-11.52%29.22%8.91%6.12%

Correlation

The correlation between DRFE.TO and DRMC.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.35

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

0.27

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

0.21

Over the past year, DRFE.TO and DRMC.TO have become more correlated (0.49) than their long-term average of 0.21, meaning their price movements have been converging.

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 RI Canada - Net-Zero Emissions Pathway ETF

Return for Risk

DRFE.TO vs. DRMC.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
DRMC.TO
DRMC.TO Risk / Return Rank: 8585
Overall Rank
DRMC.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
DRMC.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
DRMC.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DRMC.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
DRMC.TO Martin Ratio Rank: 8383
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. DRMC.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 RI Canada - Net-Zero Emissions Pathway ETF (DRMC.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.TODRMC.TODifference
Sharpe ratioReturn per unit of total volatility
1.27
2.31

-1.03

Sortino ratioReturn per unit of downside risk
1.74
3.11

-1.38

Omega ratioGain probability vs. loss probability

1.26

1.43

-0.17

Calmar ratioReturn relative to maximum drawdown

2.17

3.40

-1.22

Martin ratioReturn relative to average drawdown

6.93

13.21

-6.28

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

The current DRFE.TO Sharpe Ratio is 1.27, which is lower than the DRMC.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DRFE.TO and DRMC.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. DRMC.TO - Drawdown Comparison

The maximum DRFE.TO drawdown since its inception was -25.26%, smaller than the maximum DRMC.TO drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for DRFE.TO and DRMC.TO.

Loading charts...

Drawdown Indicators

DRFE.TODRMC.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.26%

-34.55%

+9.29%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-9.40%

-2.91%

Max Drawdown (3Y)

Largest decline over 3 years

-14.27%

-12.30%

-1.97%

Max Drawdown (5Y)

Largest decline over 5 years

-21.05%

-20.43%

-0.62%

Current Drawdown

Current decline from peak

-8.52%

-0.14%

-8.38%

Average Drawdown

Average peak-to-trough decline

-6.88%

-4.50%

-2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

2.41%

+1.44%

Volatility

DRFE.TO vs. DRMC.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 RI Canada - Net-Zero Emissions Pathway ETF (DRMC.TO) at 2.60%. This indicates that DRFE.TO's price experiences larger fluctuations and is considered to be riskier than DRMC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DRFE.TODRMC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.86%

2.60%

+7.26%

Volatility (6M)

Calculated over the trailing 6-month period

19.33%

11.04%

+8.29%

Volatility (1Y)

Calculated over the trailing 1-year period

21.00%

13.82%

+7.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.59%

13.96%

+2.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

17.37%

-0.15%

Dividends

DRFE.TO vs. DRMC.TO - Dividend Comparison

DRFE.TO's dividend yield for the trailing twelve months is around 1.61%, more than DRMC.TO's 1.59% yield.

PositionTTM20252024202320222021202020192018
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%0.00%
DRMC.TO
Desjardins RI Canada - Net-Zero Emissions Pathway ETF		1.59%1.72%2.16%2.66%2.53%2.18%2.75%2.52%0.72%

Frequently Asked Questions

DRFE.TO and DRMC.TO have a correlation of 0.49, 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 DRMC.TO is Canada Equities.

Portfolio Optimizer

Find the right allocation for DRFE.TO and DRMC.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