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DRMC.TO vs. ZCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRMC.TO vs. ZCN.TO

Last updated Jul 17, 2026
Documentation

DRMC.TO (Desjardins RI Canada - Net-Zero Emissions Pathway ETF) and ZCN.TO (BMO S&P/TSX Capped Composite Index ETF) are both Canada Equities funds. DRMC.TO is actively managed, while ZCN.TO is passively managed. Over the past 5 years, DRMC.TO returned 14.30%/yr vs 15.30%/yr for ZCN.TO. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

DRMC.TO vs. ZCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DRMC.TO achieves a 11.14% return, which is significantly lower than ZCN.TO's 12.76% return.

DRMC.TO

1D
-0.13%
1M
-0.27%
6M
6.79%
YTD
11.14%
1Y
31.51%
3Y*
24.05%
5Y*
14.30%
10Y*
—

ZCN.TO

1D
-0.17%
1M
0.08%
6M
8.19%
YTD
12.76%
1Y
33.17%
3Y*
23.79%
5Y*
15.30%
10Y*
12.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRMC.TO vs. ZCN.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DRMC.TO
Desjardins RI Canada - Net-Zero Emissions Pathway ETF		11.14%32.01%24.10%13.91%-11.52%29.22%8.91%17.21%-9.58%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		12.76%31.51%21.64%11.63%-5.84%25.05%5.69%22.85%-10.45%

Correlation

The correlation between DRMC.TO and ZCN.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.89

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

0.88

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

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2018

0.74

The correlation between DRMC.TO and ZCN.TO shifts across timeframes, from 0.74 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Desjardins RI Canada - Net-Zero Emissions Pathway ETF

BMO S&P/TSX Capped Composite Index ETF

Often compared with DRMC.TO:
DRMC.TO vs. DANC.TODRMC.TO vs. DCC.TODRMC.TO vs. DCG.TODRMC.TO vs. DCS.TODRMC.TO vs. DRFD.TODRMC.TO vs. DRFE.TODRMC.TO vs. DRFG.TO
Often compared with ZCN.TO:
ZCN.TO vs. XIC.TOZCN.TO vs. XIU.TOZCN.TO vs. ZSP.TOZCN.TO vs. VDY.TOZCN.TO vs. VCE.TOZCN.TO vs. XEQT.TOZCN.TO vs. VFV.TO

Return for Risk

DRMC.TO vs. ZCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRMC.TO
DRMC.TO Risk / Return Rank: 8585
Overall Rank
DRMC.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
DRMC.TO Sortino Ratio Rank: 8585
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: 8484
Martin Ratio Rank
ZCN.TO
ZCN.TO Risk / Return Rank: 8989
Overall Rank
ZCN.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ZCN.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
ZCN.TO Omega Ratio Rank: 8989
Omega Ratio Rank
ZCN.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZCN.TO Martin Ratio Rank: 9090
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.

DRMC.TO vs. ZCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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.

DRMC.TOZCN.TODifference
Sharpe ratioReturn per unit of total volatility
2.29
2.54

-0.25

Sortino ratioReturn per unit of downside risk
3.09
3.28

-0.19

Omega ratioGain probability vs. loss probability

1.42

1.45

-0.03

Calmar ratioReturn relative to maximum drawdown

3.37

3.58

-0.21

Martin ratioReturn relative to average drawdown

13.10

16.30

-3.20

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

The current DRMC.TO Sharpe Ratio is 2.29, which is comparable to the ZCN.TO Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of DRMC.TO and ZCN.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.

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Drawdowns

DRMC.TO vs. ZCN.TO - Drawdown Comparison

The maximum DRMC.TO drawdown since its inception was -34.55%, smaller than the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for DRMC.TO and ZCN.TO.

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Drawdown Indicators

DRMC.TOZCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-37.18%

+2.63%

Max Drawdown (1Y)

Largest decline over 1 year

-9.40%

-9.30%

-0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-12.30%

-12.25%

-0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.43%

-16.25%

-4.18%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.18%

—

Current Drawdown

Current decline from peak

-0.27%

-0.17%

-0.10%

Average Drawdown

Average peak-to-trough decline

-4.50%

-4.71%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

2.04%

+0.37%

Volatility

DRMC.TO vs. ZCN.TO - Volatility Comparison

Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC.TO) has a higher volatility of 2.53% compared to BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) at 2.18%. This indicates that DRMC.TO's price experiences larger fluctuations and is considered to be riskier than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRMC.TOZCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

2.18%

+0.35%

Volatility (6M)

Calculated over the trailing 6-month period

11.03%

10.64%

+0.39%

Volatility (1Y)

Calculated over the trailing 1-year period

13.82%

13.13%

+0.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.95%

13.18%

+0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.37%

14.97%

+2.40%

Dividends

DRMC.TO vs. ZCN.TO - Dividend Comparison

DRMC.TO's dividend yield for the trailing twelve months is around 1.59%, less than ZCN.TO's 2.03% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		2.03%2.22%2.78%3.29%3.27%2.74%3.24%3.13%3.16%2.75%2.86%3.36%

Frequently Asked Questions

DRMC.TO and ZCN.TO have a correlation of 0.89, 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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