ESGA.TO vs. DMEC.TO
ESGA.TO (BMO MSCI Canada Selection Equity Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds. Over the past year, ESGA.TO returned 28.36% vs 32.93% for DMEC.TO. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
ESGA.TO vs. DMEC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGA.TO achieves a 8.01% return, which is significantly lower than DMEC.TO's 10.99% return.
ESGA.TO
- 1D
- 0.16%
- 1M
- 2.81%
- YTD
- 8.01%
- 6M
- 7.25%
- 1Y
- 28.36%
- 3Y*
- 22.99%
- 5Y*
- 12.40%
- 10Y*
- —
DMEC.TO
- 1D
- 0.18%
- 1M
- 0.68%
- YTD
- 10.99%
- 6M
- 10.48%
- 1Y
- 32.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGA.TO vs. DMEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 8.01% | 32.44% | 19.87% |
DMEC.TO Desjardins Canadian Equity Index ETF | 10.99% | 31.87% | 16.56% |
Correlation
The correlation between ESGA.TO and DMEC.TO is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.77 |
The correlation between ESGA.TO and DMEC.TO has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESGA.TO vs. DMEC.TO — Risk / Return Rank
ESGA.TO
DMEC.TO
ESGA.TO vs. DMEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada Selection Equity Index ETF (ESGA.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.
| ESGA.TO | DMEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.51 | -0.17 |
| Martin ratioReturn relative to average drawdown | 11.99 | 15.85 | -3.86 |
Loading charts...
Drawdowns
ESGA.TO vs. DMEC.TO - Drawdown Comparison
The maximum ESGA.TO drawdown since its inception was -32.68%, 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 ESGA.TO and DMEC.TO.
Loading charts...
Drawdown Indicators
| ESGA.TO | DMEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -12.15% | -20.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.41% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.39% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -1.42% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.08% | +0.29% |
Volatility
ESGA.TO vs. DMEC.TO - Volatility Comparison
The current volatility for BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) is 3.14%, while Desjardins Canadian Equity Index ETF (DMEC.TO) has a volatility of 4.24%. This indicates that ESGA.TO experiences smaller price fluctuations and is considered to be less risky than DMEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESGA.TO | DMEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.24% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 10.75% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 13.06% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 12.99% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 12.99% | +3.24% |
Dividends
ESGA.TO vs. DMEC.TO - Dividend Comparison
ESGA.TO's dividend yield for the trailing twelve months is around 1.87%, more than DMEC.TO's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 1.74% | 1.78% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 1.87% | 1.93% | 2.50% | 2.98% | 3.42% | 2.66% | 3.23% |
Frequently Asked Questions
ESGA.TO and DMEC.TO have a correlation of 0.77, 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: BMO and Desjardins.
Find the right allocation for ESGA.TO and DMEC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer