DRMU.TO vs. DMEC.TO
DRMU.TO (Desjardins RI USA Net-Zero Emissions Pathway ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both exchange-traded funds - DRMU.TO is a Large Cap Blend Equities fund actively managed by Desjardins, while DMEC.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index (CA NTR). DRMU.TO is actively managed, while DMEC.TO is passively managed. Over the past year, DRMU.TO returned 23.94% vs 33.73% for DMEC.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
DRMU.TO vs. DMEC.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DRMU.TO having a 12.75% return and DMEC.TO slightly higher at 12.80%.
DRMU.TO
- 1D
- 0.02%
- 1M
- 0.63%
- 6M
- 10.65%
- YTD
- 12.75%
- 1Y
- 23.94%
- 3Y*
- 21.52%
- 5Y*
- 14.19%
- 10Y*
- —
DMEC.TO
- 1D
- 0.15%
- 1M
- 0.55%
- 6M
- 8.72%
- YTD
- 12.80%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRMU.TO vs. DMEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DRMU.TO Desjardins RI USA Net-Zero Emissions Pathway ETF | 12.75% | 11.60% | 23.72% |
DMEC.TO Desjardins Canadian Equity Index ETF | 12.80% | 31.87% | 16.56% |
Correlation
The correlation between DRMU.TO and DMEC.TO is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.53 |
The correlation between DRMU.TO and DMEC.TO has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
DRMU.TO vs. DMEC.TO — Risk / Return Rank
DRMU.TO
DMEC.TO
DRMU.TO vs. DMEC.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 Desjardins Canadian Equity Index ETF (DMEC.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 | DMEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.46 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.60 | -0.98 |
| Martin ratioReturn relative to average drawdown | 9.31 | 16.21 | -6.90 |
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Drawdowns
DRMU.TO vs. DMEC.TO - Drawdown Comparison
The maximum DRMU.TO drawdown since its inception was -24.56%, which is greater than DMEC.TO's maximum drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for DRMU.TO and DMEC.TO.
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Drawdown Indicators
| DRMU.TO | DMEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -12.15% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -9.41% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | 0.00% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -1.40% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.09% | +0.49% |
Volatility
DRMU.TO vs. DMEC.TO - Volatility Comparison
Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) has a higher volatility of 4.06% compared to Desjardins Canadian Equity Index ETF (DMEC.TO) at 2.20%. This indicates that DRMU.TO's price experiences larger fluctuations and is considered to be riskier than DMEC.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 | DMEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.20% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 10.67% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 13.10% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 12.91% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 12.91% | +2.65% |
Dividends
DRMU.TO vs. DMEC.TO - Dividend Comparison
DRMU.TO's dividend yield for the trailing twelve months is around 0.78%, less than DMEC.TO's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 1.71% | 1.78% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
DRMU.TO and DMEC.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRMU.TO is categorized as Large Cap Blend Equities, while DMEC.TO is Canada Equities.
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