DRFG.TO vs. ZEQT.TO
DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, DRFG.TO returned 23.96%/yr vs 24.86%/yr for ZEQT.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
DRFG.TO vs. ZEQT.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DRFG.TO having a 14.93% return and ZEQT.TO slightly lower at 14.44%.
DRFG.TO
- 1D
- -0.34%
- 1M
- -0.56%
- 6M
- 12.15%
- YTD
- 14.93%
- 1Y
- 30.39%
- 3Y*
- 23.96%
- 5Y*
- 13.64%
- 10Y*
- —
ZEQT.TO
- 1D
- 0.22%
- 1M
- 0.11%
- 6M
- 10.44%
- YTD
- 14.44%
- 1Y
- 28.79%
- 3Y*
- 24.86%
- 5Y*
- —
- 10Y*
- —
DRFG.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 14.93% | 24.31% | 26.78% | 12.68% | -6.40% |
ZEQT.TO BMO All-Equity ETF | 14.44% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between DRFG.TO and ZEQT.TO is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.49 |
Over the past year, DRFG.TO and ZEQT.TO have become more correlated (0.70) 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. ZEQT.TO — Risk / Return Rank
DRFG.TO
ZEQT.TO
DRFG.TO vs. ZEQT.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 BMO All-Equity ETF (ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.32 | +0.32 |
| Martin ratioReturn relative to average drawdown | 14.41 | 13.57 | +0.84 |
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Drawdowns
DRFG.TO vs. ZEQT.TO - Drawdown Comparison
The maximum DRFG.TO drawdown since its inception was -27.73%, which is greater than ZEQT.TO's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for DRFG.TO and ZEQT.TO.
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Drawdown Indicators
| DRFG.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -15.18% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -8.72% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.44% | -14.62% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -1.19% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -2.55% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.13% | -0.02% |
Volatility
DRFG.TO vs. ZEQT.TO - Volatility Comparison
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) has a higher volatility of 3.20% compared to BMO All-Equity ETF (ZEQT.TO) at 2.89%. This indicates that DRFG.TO's price experiences larger fluctuations and is considered to be riskier than ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.89% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 11.16% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 13.42% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 13.47% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 13.47% | +0.78% |
Dividends
DRFG.TO vs. ZEQT.TO - Dividend Comparison
DRFG.TO's dividend yield for the trailing twelve months is around 1.56%, more than ZEQT.TO's 1.28% 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% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRFG.TO and ZEQT.TO have a correlation of 0.70, 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 BMO.
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