FGEP.TO vs. DRFG.TO
FGEP.TO (Fidelity Global Equity+ Fund ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past year, FGEP.TO returned 28.39% vs 29.11% for DRFG.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
FGEP.TO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FGEP.TO achieves a 19.26% return, which is significantly higher than DRFG.TO's 13.90% return.
FGEP.TO
- 1D
- -0.52%
- 1M
- 1.72%
- 6M
- 14.05%
- YTD
- 19.26%
- 1Y
- 28.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
FGEP.TO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 19.26% | 17.44% | 9.88% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 13.66% |
Correlation
The correlation between FGEP.TO and DRFG.TO is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.52 |
The correlation between FGEP.TO and DRFG.TO shifts across timeframes, from 0.52 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FGEP.TO vs. DRFG.TO — Risk / Return Rank
FGEP.TO
DRFG.TO
FGEP.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.
| FGEP.TO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.48 | +0.52 |
| Martin ratioReturn relative to average drawdown | 16.31 | 13.73 | +2.58 |
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Drawdowns
FGEP.TO vs. DRFG.TO - Drawdown Comparison
The maximum FGEP.TO drawdown since its inception was -14.78%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and DRFG.TO.
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Drawdown Indicators
| FGEP.TO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -27.73% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -8.40% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.09% | — |
Current DrawdownCurrent decline from peak | -1.03% | -2.91% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -4.62% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.13% | -0.38% |
Volatility
FGEP.TO vs. DRFG.TO - Volatility Comparison
Fidelity Global Equity+ Fund ETF (FGEP.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) have volatilities of 3.40% and 3.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGEP.TO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.31% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 10.85% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 12.99% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 12.73% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 14.24% | -1.53% |
Dividends
FGEP.TO vs. DRFG.TO - Dividend Comparison
FGEP.TO has not paid dividends to shareholders, while DRFG.TO's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGEP.TO and DRFG.TO have a correlation of 0.64, 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: Fidelity and Desjardins.
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