DRMU.TO vs. ZLH.TO
DRMU.TO (Desjardins RI USA Net-Zero Emissions Pathway ETF) and ZLH.TO (BMO Low Volatility US Equity Hedged to CAD ETF) are both Large Cap Blend Equities funds. Over the past 5 years, DRMU.TO returned 14.19%/yr vs 6.22%/yr for ZLH.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
DRMU.TO vs. ZLH.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 higher than ZLH.TO's 7.75% 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*
- —
ZLH.TO
- 1D
- -1.16%
- 1M
- -0.99%
- 6M
- 5.33%
- YTD
- 7.75%
- 1Y
- 8.83%
- 3Y*
- 8.09%
- 5Y*
- 6.22%
- 10Y*
- 7.20%
DRMU.TO vs. ZLH.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% |
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 7.75% | 5.90% | 10.95% | -2.11% | 0.20% | 22.07% | 2.34% | 25.20% | -7.24% |
Correlation
The correlation between DRMU.TO and ZLH.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.22 |
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Return for Risk
DRMU.TO vs. ZLH.TO — Risk / Return Rank
DRMU.TO
ZLH.TO
DRMU.TO vs. ZLH.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 BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.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 | ZLH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.21 | +1.41 |
| Martin ratioReturn relative to average drawdown | 9.31 | 2.92 | +6.39 |
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Drawdowns
DRMU.TO vs. ZLH.TO - Drawdown Comparison
The maximum DRMU.TO drawdown since its inception was -24.56%, smaller than the maximum ZLH.TO drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for DRMU.TO and ZLH.TO.
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Drawdown Indicators
| DRMU.TO | ZLH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -33.34% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -7.35% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | -10.17% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -14.66% | -9.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -1.96% | -3.32% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.90% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.03% | -0.45% |
Volatility
DRMU.TO vs. ZLH.TO - Volatility Comparison
The current volatility for Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) is 4.06%, while BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) has a volatility of 4.48%. This indicates that DRMU.TO experiences smaller price fluctuations and is considered to be less risky than ZLH.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 | ZLH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.48% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 7.77% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 10.85% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 12.28% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 13.84% | +1.72% |
Dividends
DRMU.TO vs. ZLH.TO - Dividend Comparison
DRMU.TO's dividend yield for the trailing twelve months is around 0.78%, less than ZLH.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 1.76% | 1.92% | 2.25% | 2.45% | 2.12% | 1.84% | 1.95% | 1.55% | 2.00% | 1.93% | 2.02% |
Frequently Asked Questions
DRMU.TO and ZLH.TO have a correlation of 0.19, 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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