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DRMD.TO vs. DRFG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRMD.TO vs. DRFG.TO

Last updated Jul 16, 2026
Documentation

DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both exchange-traded funds - DRMD.TO is a Foreign Large Cap Equities fund actively managed by Desjardins, while DRFG.TO is a Global Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, DRMD.TO returned 11.35%/yr vs 13.64%/yr for DRFG.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

DRMD.TO vs. DRFG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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, DRMD.TO achieves a 12.40% return, which is significantly lower than DRFG.TO's 14.93% return.

DRMD.TO

1D
0.11%
1M
0.89%
6M
7.82%
YTD
12.40%
1Y
24.44%
3Y*
19.73%
5Y*
11.35%
10Y*
—

DRFG.TO

1D
-0.34%
1M
-0.56%
6M
12.15%
YTD
14.93%
1Y
30.39%
3Y*
23.96%
5Y*
13.64%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
DRMD.TO
Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF		12.40%27.57%11.54%13.94%-8.20%9.85%20.29%
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF		14.93%24.31%26.78%12.68%-12.16%17.99%18.25%

Correlation

The correlation between DRMD.TO and DRFG.TO is 0.66, 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

0.66

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

0.44

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

0.35

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2020

0.33

Over the past year, DRMD.TO and DRFG.TO have become more correlated (0.66) than their long-term average of 0.33, meaning their price movements have been converging.

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Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF

Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRMD.TO
DRMD.TO Risk / Return Rank: 6363
Overall Rank
DRMD.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
DRMD.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
DRMD.TO Omega Ratio Rank: 6767
Omega Ratio Rank
DRMD.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
DRMD.TO Martin Ratio Rank: 5959
Martin Ratio Rank
DRFG.TO
DRFG.TO Risk / Return Rank: 8787
Overall Rank
DRFG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DRFG.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
DRFG.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DRFG.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
DRFG.TO Martin Ratio Rank: 8787
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.

DRMD.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.

DRMD.TODRFG.TODifference
Sharpe ratioReturn per unit of total volatility
1.80
2.36

-0.55

Sortino ratioReturn per unit of downside risk
2.51
3.28

-0.77

Omega ratioGain probability vs. loss probability

1.32

1.43

-0.11

Calmar ratioReturn relative to maximum drawdown

2.11

3.63

-1.53

Martin ratioReturn relative to average drawdown

8.44

14.41

-5.97

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

The current DRMD.TO Sharpe Ratio is 1.80, which is comparable to the DRFG.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of DRMD.TO and DRFG.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

DRMD.TO vs. DRFG.TO - Drawdown Comparison

The maximum DRMD.TO drawdown since its inception was -23.39%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for DRMD.TO and DRFG.TO.

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Drawdown Indicators

DRMD.TODRFG.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.39%

-27.73%

+4.34%

Max Drawdown (1Y)

Largest decline over 1 year

-11.65%

-8.40%

-3.25%

Max Drawdown (3Y)

Largest decline over 3 years

-14.40%

-16.44%

+2.04%

Max Drawdown (5Y)

Largest decline over 5 years

-23.39%

-21.09%

-2.30%

Current Drawdown

Current decline from peak

-2.32%

-2.04%

-0.28%

Average Drawdown

Average peak-to-trough decline

-4.02%

-4.62%

+0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.11%

+0.79%

Volatility

DRMD.TO vs. DRFG.TO - Volatility Comparison

Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) have volatilities of 3.24% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRMD.TODRFG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.24%

3.20%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

11.24%

10.81%

+0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

13.66%

12.96%

+0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.87%

12.73%

+1.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.88%

14.25%

-0.37%

Dividends

DRMD.TO vs. DRFG.TO - Dividend Comparison

DRMD.TO has not paid dividends to shareholders, while DRFG.TO's dividend yield for the trailing twelve months is around 1.56%.

PositionTTM2025202420232022202120202019
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%
DRMD.TO
Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF		0.00%0.00%12.27%1.86%2.45%2.04%1.64%0.00%

Frequently Asked Questions

DRMD.TO and DRFG.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DRMD.TO is categorized as Foreign Large Cap Equities, while DRFG.TO is Global Equities.

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