DRFG.TO vs. MIVG.TO

Last updated Jul 31, 2026

DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) and MIVG.TO (Mackenzie Ivy Global Equity ETF) are both exchange-traded funds - DRFG.TO is a Sustainable fund actively managed by Desjardins, while MIVG.TO is a Global Equities fund actively managed by Mackenzie. Both are actively managed. Over the past 5 years, DRFG.TO returned 13.68%/yr vs 8.90%/yr for MIVG.TO. Their 0.25 correlation means their historical movements had little consistent relationship. DRFG.TO charges 0.17%/yr vs 0.83%/yr for MIVG.TO.

Performance

DRFG.TO vs. MIVG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) and Mackenzie Ivy Global Equity ETF (MIVG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRFG.TO achieves a 14.40% return, which is significantly higher than MIVG.TO's 3.73% return.

DRFG.TO

• 1D: 0.90%
• 1M: -1.81%
• 6M: 12.78%
• YTD: 14.40%
• 1Y: 27.62%
• 3Y*: 22.93%
• 5Y*: 13.68%
• 10Y*: —
• ALL TIME*: 13.00%

MIVG.TO

• 1D: -0.42%
• 1M: 1.27%
• 6M: 5.15%
• YTD: 3.73%
• 1Y: 7.40%
• 3Y*: 12.88%
• 5Y*: 8.90%
• 10Y*: —
• ALL TIME*: 9.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF	CA$62.33K	CA$58.32K	CA$59.99K
MIVG.TO Mackenzie Ivy Global Equity ETF	CA$32.85K	CA$52.14K	CA$52.54K

DRFG.TO vs. MIVG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF	14.40%	24.31%	26.78%	12.68%	-12.16%	17.99%	7.88%	8.78%
MIVG.TO Mackenzie Ivy Global Equity ETF	3.73%	9.98%	23.80%	11.57%	-8.98%	12.79%	11.20%	9.83%

Correlation

The correlation between DRFG.TO and MIVG.TO is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.23
Correlation (All Time) Calculated using the full available price history since Mar 6, 2019	0.25

DRFG.TO vs. MIVG.TO - Sectors Allocation Comparison

Sectors	DRFG.TO	MIVG.TO
Technology	30.1%	18.8%
Financial Services	18.1%	19.4%
Industrials	12.4%	10.1%
Communication Services	10.3%	4.1%
Consumer Cyclical	8.3%	21.7%
Healthcare	6.1%	14.2%
Basic Materials	4.6%	2.6%
Consumer Defensive	2.7%	9.3%
Real Estate	1.9%	-
Utilities	0.9%	-
Energy	-	-

Return for Risk

DRFG.TO vs. MIVG.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DRFG.TO

DRFG.TO Risk / Return Rank: 87
DRFG.TO Sharpe Ratio Rank: 88
DRFG.TO Sortino Ratio Rank: 88
DRFG.TO Omega Ratio Rank: 87
DRFG.TO Calmar Ratio Rank: 86
DRFG.TO Martin Ratio Rank: 87

MIVG.TO

MIVG.TO Risk / Return Rank: 25
MIVG.TO Sharpe Ratio Rank: 26
MIVG.TO Sortino Ratio Rank: 26
MIVG.TO Omega Ratio Rank: 25
MIVG.TO Calmar Ratio Rank: 23
MIVG.TO Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DRFG.TO vs. MIVG.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 Mackenzie Ivy Global Equity ETF (MIVG.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	MIVG.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.12	0.61	+1.51
Sortino ratio: Return per unit of downside risk	2.97	0.97	+1.99
Omega ratio: Gain probability vs. loss probability	1.39	1.11	+0.27
Calmar ratio: Return relative to maximum drawdown	3.30	0.70	+2.61
Martin ratio: Return relative to average drawdown	12.74	1.98	+10.76

DRFG.TO vs. MIVG.TO - Sharpe Ratio Comparison

The current DRFG.TO Sharpe Ratio is 2.12, which is higher than the MIVG.TO Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of DRFG.TO and MIVG.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.

Drawdowns

DRFG.TO vs. MIVG.TO - Drawdown Comparison

The maximum DRFG.TO drawdown since its inception was -27.73%, which is greater than MIVG.TO's maximum drawdown of -22.69%. Use the drawdown chart below to compare losses from any high point for DRFG.TO and MIVG.TO.

Drawdown Indicators

	DRFG.TO	MIVG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.73%	-22.69%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-10.67%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-12.16%	-4.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.09%	-18.88%	-2.21%
Current Drawdown Current decline from peak	-2.49%	-1.38%	-1.11%
Average Drawdown Average peak-to-trough decline	-4.61%	-3.55%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.75%	-1.58%

Volatility

DRFG.TO vs. MIVG.TO - Volatility Comparison

The current volatility for Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) is 3.36%, while Mackenzie Ivy Global Equity ETF (MIVG.TO) has a volatility of 5.39%. This indicates that DRFG.TO experiences smaller price fluctuations and is considered to be less risky than MIVG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRFG.TO	MIVG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	5.39%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	10.05%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	12.20%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.74%	12.41%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	13.45%	+0.78%

DRFG.TO vs. MIVG.TO - Expense Ratio Comparison

DRFG.TO has a 0.17% expense ratio, which is lower than MIVG.TO's 0.83% expense ratio.

Dividends

DRFG.TO vs. MIVG.TO - Dividend Comparison

DRFG.TO's dividend yield for the trailing twelve months is around 1.57%, more than MIVG.TO's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF	1.57%	2.14%	1.40%	1.49%	1.58%	1.37%	1.59%	1.68%	0.00%	0.00%
MIVG.TO Mackenzie Ivy Global Equity ETF	0.63%	0.66%	0.54%	1.17%	1.11%	0.59%	0.86%	1.18%	0.91%	0.04%

Frequently Asked Questions

Can I hold both DRFG.TO and MIVG.TO in my portfolio?

DRFG.TO and MIVG.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRFG.TO or MIVG.TO?

On fees, DRFG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRFG.TO or MIVG.TO?

DRFG.TO is cheaper with a 0.17% expense ratio, compared with 0.83% for MIVG.TO.

What is the main difference between DRFG.TO and MIVG.TO?

DRFG.TO is categorized as Sustainable, while MIVG.TO is Global Equities. They also come from different issuers: Desjardins and Mackenzie. Their fees differ too: 0.17% for DRFG.TO and 0.83% for MIVG.TO.