ESGB.TO vs. DCBC.TO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past year, ESGB.TO returned 4.32% vs 3.89% for DCBC.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. DCBC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 2.00% return, which is significantly lower than DCBC.TO's 2.37% return.
ESGB.TO
- 1D
- -0.64%
- 1M
- 0.33%
- YTD
- 2.00%
- 6M
- 1.89%
- 1Y
- 4.32%
- 3Y*
- 6.14%
- 5Y*
- 2.22%
- 10Y*
- —
DCBC.TO
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 2.37%
- 6M
- 2.18%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGB.TO vs. DCBC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 2.00% | 4.18% | 8.01% |
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 2.37% | 3.94% | 6.62% |
Correlation
The correlation between ESGB.TO and DCBC.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.44 |
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Return for Risk
ESGB.TO vs. DCBC.TO — Risk / Return Rank
ESGB.TO
DCBC.TO
ESGB.TO vs. DCBC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) and Desjardins Canadian Corporate Bond Index ETF (DCBC.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.
| ESGB.TO | DCBC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.52 | +0.24 |
| Martin ratioReturn relative to average drawdown | 5.17 | 4.85 | +0.33 |
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Drawdowns
ESGB.TO vs. DCBC.TO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, which is greater than DCBC.TO's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and DCBC.TO.
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Drawdown Indicators
| ESGB.TO | DCBC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -3.12% | -12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.57% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -0.62% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.82% | +0.02% |
Volatility
ESGB.TO vs. DCBC.TO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.55% compared to Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) at 1.04%. This indicates that ESGB.TO's price experiences larger fluctuations and is considered to be riskier than DCBC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.TO | DCBC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.04% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.70% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.55% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 4.25% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 4.25% | +1.74% |
Dividends
ESGB.TO vs. DCBC.TO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 3.99%, more than DCBC.TO's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 3.76% | 3.55% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGB.TO BMO ESG Corporate Bond Index ETF | 3.99% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% |
Frequently Asked Questions
ESGB.TO and DCBC.TO have a correlation of 0.44, 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.
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