DRFG.TO vs. XEQT.TO
DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both Global Equities funds. Both are actively managed. Over the past 5 years, DRFG.TO returned 13.64%/yr vs 13.59%/yr for XEQT.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
DRFG.TO vs. XEQT.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 higher than XEQT.TO's 14.16% 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*
- —
XEQT.TO
- 1D
- 0.24%
- 1M
- 0.34%
- 6M
- 10.11%
- YTD
- 14.16%
- 1Y
- 28.37%
- 3Y*
- 21.71%
- 5Y*
- 13.59%
- 10Y*
- —
DRFG.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 14.93% | 24.31% | 26.78% | 12.68% | -12.16% | 17.99% | 7.88% | 7.60% |
XEQT.TO iShares Core Equity ETF Portfolio | 14.16% | 20.57% | 24.38% | 17.27% | -10.99% | 18.98% | 11.85% | 8.56% |
Correlation
The correlation between DRFG.TO and XEQT.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.49 |
Over the past year, DRFG.TO and XEQT.TO have become more correlated (0.73) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
DRFG.TO vs. XEQT.TO — Risk / Return Rank
DRFG.TO
XEQT.TO
DRFG.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.45 | +0.18 |
| Martin ratioReturn relative to average drawdown | 14.41 | 14.74 | -0.33 |
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Drawdowns
DRFG.TO vs. XEQT.TO - Drawdown Comparison
The maximum DRFG.TO drawdown since its inception was -27.73%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for DRFG.TO and XEQT.TO.
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Drawdown Indicators
| DRFG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -29.74% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -8.25% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.44% | -15.08% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | -19.55% | -1.54% |
Current DrawdownCurrent decline from peak | -2.04% | -0.97% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.05% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.93% | +0.18% |
Volatility
DRFG.TO vs. XEQT.TO - Volatility Comparison
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) has a higher volatility of 3.20% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.51%. This indicates that DRFG.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.51% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 10.14% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 12.27% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 13.25% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 15.52% | -1.27% |
Dividends
DRFG.TO vs. XEQT.TO - Dividend Comparison
DRFG.TO's dividend yield for the trailing twelve months is around 1.56%, less than XEQT.TO's 1.59% yield.
| 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% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.59% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
Frequently Asked Questions
DRFG.TO and XEQT.TO have a correlation of 0.73, 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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