DRMD.TO vs. RIDH.TO

Last updated Jul 16, 2026

DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) and RIDH.TO (RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 5 years, DRMD.TO returned 11.35%/yr vs 14.84%/yr for RIDH.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

DRMD.TO vs. RIDH.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 RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRMD.TO achieves a 12.40% return, which is significantly lower than RIDH.TO's 15.46% 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*: —

RIDH.TO

• 1D: -0.02%
• 1M: 1.56%
• 6M: 11.06%
• YTD: 15.46%
• 1Y: 35.68%
• 3Y*: 22.91%
• 5Y*: 14.84%
• 10Y*: 11.04%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
RIDH.TO RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	15.46%	32.49%	12.69%	17.54%	-3.96%	19.17%	15.68%

Correlation

The correlation between DRMD.TO and RIDH.TO is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020	0.28

Over the past year, DRMD.TO and RIDH.TO have become more correlated (0.63) than their long-term average of 0.28, meaning their price movements have been converging.

Return for Risk

DRMD.TO vs. RIDH.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: 63
DRMD.TO Sharpe Ratio Rank: 69
DRMD.TO Sortino Ratio Rank: 68
DRMD.TO Omega Ratio Rank: 67
DRMD.TO Calmar Ratio Rank: 51
DRMD.TO Martin Ratio Rank: 59

RIDH.TO

RIDH.TO Risk / Return Rank: 93
RIDH.TO Sharpe Ratio Rank: 95
RIDH.TO Sortino Ratio Rank: 94
RIDH.TO Omega Ratio Rank: 94
RIDH.TO Calmar Ratio Rank: 89
RIDH.TO Martin Ratio Rank: 93

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. RIDH.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 RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.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.TO	RIDH.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.98	-1.18
Sortino ratio: Return per unit of downside risk	2.51	4.06	-1.54
Omega ratio: Gain probability vs. loss probability	1.32	1.56	-0.24
Calmar ratio: Return relative to maximum drawdown	2.11	4.14	-2.03
Martin ratio: Return relative to average drawdown	8.44	18.50	-10.06

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

The current DRMD.TO Sharpe Ratio is 1.80, which is lower than the RIDH.TO Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of DRMD.TO and RIDH.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

DRMD.TO vs. RIDH.TO - Drawdown Comparison

The maximum DRMD.TO drawdown since its inception was -23.39%, smaller than the maximum RIDH.TO drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for DRMD.TO and RIDH.TO.

Drawdown Indicators

	DRMD.TO	RIDH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.39%	-34.53%	+11.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-8.67%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	-14.40%	-14.33%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.39%	-15.01%	-8.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.53%	—
Current Drawdown Current decline from peak	-2.32%	-0.02%	-2.30%
Average Drawdown Average peak-to-trough decline	-4.02%	-4.40%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.93%	+0.97%

Volatility

DRMD.TO vs. RIDH.TO - Volatility Comparison

Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) and RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO) have volatilities of 3.24% and 3.14%, 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.

Volatility by Period

	DRMD.TO	RIDH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.14%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	9.92%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	12.02%	+1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	13.76%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	15.76%	-1.88%

Dividends

DRMD.TO vs. RIDH.TO - Dividend Comparison

DRMD.TO has not paid dividends to shareholders, while RIDH.TO's dividend yield for the trailing twelve months is around 3.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
RIDH.TO RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	3.02%	3.10%	3.69%	3.70%	4.41%	2.63%	3.63%	4.07%	4.55%	2.91%	3.33%	3.28%

Frequently Asked Questions

Can I hold both DRMD.TO and RIDH.TO in my portfolio?

DRMD.TO and RIDH.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between DRMD.TO and RIDH.TO?

They also come from different issuers: Desjardins and RBC.