DRMU.TO vs. COW.TO
DRMU.TO (Desjardins RI USA Net-Zero Emissions Pathway ETF) and COW.TO (iShares Global Agriculture Index ETF) are both Large Cap Blend Equities funds. DRMU.TO is actively managed, while COW.TO is passively managed. Over the past 5 years, DRMU.TO returned 14.19%/yr vs 4.75%/yr for COW.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
DRMU.TO vs. COW.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DRMU.TO achieves a 12.75% return, which is significantly lower than COW.TO's 16.05% return.
DRMU.TO
- 1D
- 0.02%
- 1M
- 0.63%
- 6M
- 10.65%
- YTD
- 12.75%
- 1Y
- 23.94%
- 3Y*
- 21.52%
- 5Y*
- 14.19%
- 10Y*
- —
COW.TO
- 1D
- -0.17%
- 1M
- 1.80%
- 6M
- 6.01%
- YTD
- 16.05%
- 1Y
- 4.66%
- 3Y*
- 5.86%
- 5Y*
- 4.75%
- 10Y*
- 8.09%
DRMU.TO vs. COW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DRMU.TO Desjardins RI USA Net-Zero Emissions Pathway ETF | 12.75% | 11.60% | 34.78% | 24.94% | -16.67% | 26.25% | 20.57% | 24.54% | -8.47% |
COW.TO iShares Global Agriculture Index ETF | 16.05% | -4.34% | 5.62% | -8.61% | 12.62% | 19.09% | 11.78% | 26.04% | -11.25% |
Correlation
The correlation between DRMU.TO and COW.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.23 |
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Return for Risk
DRMU.TO vs. COW.TO — Risk / Return Rank
DRMU.TO
COW.TO
DRMU.TO vs. COW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) and iShares Global Agriculture Index ETF (COW.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.
| DRMU.TO | COW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.35 | +2.27 |
| Martin ratioReturn relative to average drawdown | 9.31 | 0.81 | +8.50 |
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Drawdowns
DRMU.TO vs. COW.TO - Drawdown Comparison
The maximum DRMU.TO drawdown since its inception was -24.56%, smaller than the maximum COW.TO drawdown of -55.00%. Use the drawdown chart below to compare losses from any high point for DRMU.TO and COW.TO.
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Drawdown Indicators
| DRMU.TO | COW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -55.00% | +30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -13.43% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | -14.51% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -29.84% | +5.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.38% | — |
Current DrawdownCurrent decline from peak | -1.96% | -10.46% | +8.50% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -14.67% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 5.75% | -3.17% |
Volatility
DRMU.TO vs. COW.TO - Volatility Comparison
Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) has a higher volatility of 4.06% compared to iShares Global Agriculture Index ETF (COW.TO) at 2.31%. This indicates that DRMU.TO's price experiences larger fluctuations and is considered to be riskier than COW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRMU.TO | COW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.31% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 11.19% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 15.80% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 18.86% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 21.81% | -6.25% |
Dividends
DRMU.TO vs. COW.TO - Dividend Comparison
DRMU.TO's dividend yield for the trailing twelve months is around 0.78%, less than COW.TO's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COW.TO iShares Global Agriculture Index ETF | 1.37% | 2.46% | 1.43% | 1.62% | 2.01% | 0.69% | 1.13% | 1.13% | 1.18% | 0.63% | 1.21% | 1.96% |
DRMU.TO Desjardins RI USA Net-Zero Emissions Pathway ETF | 0.78% | 0.85% | 0.77% | 1.04% | 1.17% | 1.08% | 1.25% | 1.34% | 0.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRMU.TO and COW.TO have a correlation of 0.18, 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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