DRFG.TO vs. FGEP.TO
DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. Both are actively managed. Over the past year, DRFG.TO returned 30.39% vs 29.55% for FGEP.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
DRFG.TO vs. FGEP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DRFG.TO achieves a 14.93% return, which is significantly lower than FGEP.TO's 19.03% return.
DRFG.TO
- 1D
- -0.34%
- 1M
- -0.56%
- 6M
- 12.15%
- YTD
- 14.93%
- 1Y
- 30.39%
- 3Y*
- 23.96%
- 5Y*
- 13.64%
- 10Y*
- —
FGEP.TO
- 1D
- 0.46%
- 1M
- 0.52%
- 6M
- 14.17%
- YTD
- 19.03%
- 1Y
- 29.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRFG.TO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 14.93% | 24.31% | 13.66% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 19.03% | 17.44% | 9.88% |
Correlation
The correlation between DRFG.TO and FGEP.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.52 |
The correlation between DRFG.TO and FGEP.TO shifts across timeframes, from 0.52 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRFG.TO vs. FGEP.TO — Risk / Return Rank
DRFG.TO
FGEP.TO
DRFG.TO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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.
| DRFG.TO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 4.16 | -0.52 |
| Martin ratioReturn relative to average drawdown | 14.41 | 16.98 | -2.58 |
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Drawdowns
DRFG.TO vs. FGEP.TO - Drawdown Comparison
The maximum DRFG.TO drawdown since its inception was -27.73%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for DRFG.TO and FGEP.TO.
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Drawdown Indicators
| DRFG.TO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -14.78% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.14% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -1.22% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -1.60% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.74% | +0.37% |
Volatility
DRFG.TO vs. FGEP.TO - Volatility Comparison
The current volatility for Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) is 3.20%, while Fidelity Global Equity+ Fund ETF (FGEP.TO) has a volatility of 3.39%. This indicates that DRFG.TO experiences smaller price fluctuations and is considered to be less risky than FGEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRFG.TO | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 3.39% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 9.18% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 11.17% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 12.72% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 12.72% | +1.53% |
Dividends
DRFG.TO vs. FGEP.TO - Dividend Comparison
DRFG.TO's dividend yield for the trailing twelve months is around 1.56%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.56% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRFG.TO and FGEP.TO have a correlation of 0.64, 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 Fidelity.
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