ESG.TO vs. DRCU.TO

Last updated Aug 4, 2026

ESG.TO (Invesco S&P 500 ESG Index ETF) and DRCU.TO (Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - ESG.TO is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while DRCU.TO is a ESG fund actively managed by Desjardins. ESG.TO is passively managed, while DRCU.TO is actively managed. Over the past 5 years, ESG.TO returned 15.44%/yr vs 0.37%/yr for DRCU.TO. Their -0.00 correlation means they have often moved in opposite directions in the past. ESG.TO charges 0.20%/yr vs 0.40%/yr for DRCU.TO.

Performance

ESG.TO vs. DRCU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 ESG Index ETF (ESG.TO) and Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESG.TO achieves a 12.03% return, which is significantly higher than DRCU.TO's 0.16% return.

ESG.TO

• 1D: 1.72%
• 1M: -1.42%
• 6M: 10.10%
• YTD: 12.03%
• 1Y: 23.22%
• 3Y*: 20.29%
• 5Y*: 15.44%
• 10Y*: —
• ALL TIME*: 18.10%

DRCU.TO

• 1D: -0.32%
• 1M: -0.98%
• 6M: 0.03%
• YTD: 0.16%
• 1Y: 2.50%
• 3Y*: 4.90%
• 5Y*: 0.37%
• 10Y*: —
• ALL TIME*: 2.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRCU.TO Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF	CA$9.80K	CA$7.52K	CA$12.12K
ESG.TO Invesco S&P 500 ESG Index ETF	CA$62.92K	CA$100.63K	CA$177.78K

ESG.TO vs. DRCU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESG.TO Invesco S&P 500 ESG Index ETF	12.03%	10.99%	34.27%	25.18%	-14.64%	33.63%	22.64%
DRCU.TO Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF	0.16%	3.11%	5.29%	6.29%	-11.24%	-3.01%	4.95%

Correlation

The correlation between ESG.TO and DRCU.TO is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.01
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020	-0.00

The correlation between ESG.TO and DRCU.TO shifts across timeframes, from -0.00 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ESG.TO vs. DRCU.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESG.TO

ESG.TO Risk / Return Rank: 61
ESG.TO Sharpe Ratio Rank: 64
ESG.TO Sortino Ratio Rank: 64
ESG.TO Omega Ratio Rank: 63
ESG.TO Calmar Ratio Rank: 57
ESG.TO Martin Ratio Rank: 60

DRCU.TO

DRCU.TO Risk / Return Rank: 28
DRCU.TO Sharpe Ratio Rank: 27
DRCU.TO Sortino Ratio Rank: 25
DRCU.TO Omega Ratio Rank: 26
DRCU.TO Calmar Ratio Rank: 32
DRCU.TO Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESG.TO vs. DRCU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ESG Index ETF (ESG.TO) and Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.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.

	ESG.TO	DRCU.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.70	+0.90
Sortino ratio: Return per unit of downside risk	2.29	1.01	+1.28
Omega ratio: Gain probability vs. loss probability	1.29	1.13	+0.16
Calmar ratio: Return relative to maximum drawdown	2.16	1.15	+1.01
Martin ratio: Return relative to average drawdown	7.67	2.86	+4.80

ESG.TO vs. DRCU.TO - Sharpe Ratio Comparison

The current ESG.TO Sharpe Ratio is 1.60, which is higher than the DRCU.TO Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of ESG.TO and DRCU.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

ESG.TO vs. DRCU.TO - Drawdown Comparison

The maximum ESG.TO drawdown since its inception was -22.58%, which is greater than DRCU.TO's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for ESG.TO and DRCU.TO.

Drawdown Indicators

	ESG.TO	DRCU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-18.29%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-2.61%	-7.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-4.23%	-15.40%
Max Drawdown (5Y) Largest decline over 5 years	-22.58%	-16.14%	-6.44%
Current Drawdown Current decline from peak	-1.80%	-1.45%	-0.35%
Average Drawdown Average peak-to-trough decline	-4.29%	-5.75%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	1.05%	+1.68%

Volatility

ESG.TO vs. DRCU.TO - Volatility Comparison

Invesco S&P 500 ESG Index ETF (ESG.TO) has a higher volatility of 4.08% compared to Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.TO) at 1.22%. This indicates that ESG.TO's price experiences larger fluctuations and is considered to be riskier than DRCU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESG.TO	DRCU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	1.22%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	3.25%	+7.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	4.28%	+8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	7.51%	+7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	7.70%	+8.85%

ESG.TO vs. DRCU.TO - Expense Ratio Comparison

ESG.TO has a 0.20% expense ratio, which is lower than DRCU.TO's 0.40% expense ratio.

Dividends

ESG.TO vs. DRCU.TO - Dividend Comparison

ESG.TO's dividend yield for the trailing twelve months is around 0.76%, less than DRCU.TO's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRCU.TO Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF	3.60%	3.43%	3.27%	2.62%	3.34%	2.87%	2.69%	2.67%	0.71%
ESG.TO Invesco S&P 500 ESG Index ETF	0.76%	0.86%	0.92%	1.11%	1.38%	1.10%	0.95%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESG.TO and DRCU.TO in my portfolio?

ESG.TO and DRCU.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESG.TO or DRCU.TO?

On fees, ESG.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESG.TO or DRCU.TO?

ESG.TO is cheaper with a 0.20% expense ratio, compared with 0.40% for DRCU.TO.

What is the main difference between ESG.TO and DRCU.TO?

ESG.TO is categorized as S&P 500, while DRCU.TO is ESG. They also come from different issuers: Invesco and Desjardins. Their fees differ too: 0.20% for ESG.TO and 0.40% for DRCU.TO.