FLUR.NEO vs. DRMD.TO
FLUR.NEO (Franklin International Equity Index ETF) and DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) are both Foreign Large Cap Equities funds. FLUR.NEO is passively managed, while DRMD.TO is actively managed. Over the past 5 years, FLUR.NEO returned 10.55%/yr vs 11.15%/yr for DRMD.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
FLUR.NEO vs. DRMD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLUR.NEO achieves a 12.08% return, which is significantly higher than DRMD.TO's 11.41% return.
FLUR.NEO
- 1D
- -0.80%
- 1M
- -1.09%
- 6M
- 6.32%
- YTD
- 12.08%
- 1Y
- 24.17%
- 3Y*
- 17.87%
- 5Y*
- 10.55%
- 10Y*
- —
DRMD.TO
- 1D
- -0.44%
- 1M
- -0.94%
- 6M
- 6.36%
- YTD
- 11.41%
- 1Y
- 22.63%
- 3Y*
- 18.01%
- 5Y*
- 11.15%
- 10Y*
- —
FLUR.NEO vs. DRMD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 12.08% | 25.68% | 12.42% | 12.87% | -10.40% | 14.74% | 24.17% |
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 11.41% | 27.57% | 11.54% | 13.94% | -8.20% | 9.85% | 20.29% |
Correlation
The correlation between FLUR.NEO and DRMD.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.38 |
Over the past year, FLUR.NEO and DRMD.TO have become more correlated (0.71) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
FLUR.NEO vs. DRMD.TO — Risk / Return Rank
FLUR.NEO
DRMD.TO
FLUR.NEO vs. DRMD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Index ETF (FLUR.NEO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.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.
| FLUR.NEO | DRMD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.95 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.19 | 7.78 | +0.41 |
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Drawdowns
FLUR.NEO vs. DRMD.TO - Drawdown Comparison
The maximum FLUR.NEO drawdown since its inception was -30.20%, which is greater than DRMD.TO's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and DRMD.TO.
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Drawdown Indicators
| FLUR.NEO | DRMD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -23.39% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -11.65% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -14.40% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -23.39% | -4.05% |
Current DrawdownCurrent decline from peak | -3.53% | -3.18% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.02% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.92% | +0.05% |
Volatility
FLUR.NEO vs. DRMD.TO - Volatility Comparison
Franklin International Equity Index ETF (FLUR.NEO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) have volatilities of 3.15% and 3.23%, 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
| FLUR.NEO | DRMD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.23% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 11.26% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 13.64% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 13.87% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 13.87% | +3.06% |
Dividends
FLUR.NEO vs. DRMD.TO - Dividend Comparison
FLUR.NEO's dividend yield for the trailing twelve months is around 1.79%, while DRMD.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 0.00% | 0.00% | 12.27% | 1.86% | 2.45% | 2.04% | 1.64% | 0.00% |
FLUR.NEO Franklin International Equity Index ETF | 1.79% | 2.40% | 2.76% | 2.71% | 2.95% | 1.85% | 1.97% | 3.07% |
Frequently Asked Questions
FLUR.NEO and DRMD.TO have a correlation of 0.71, 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: Franklin Templeton and Desjardins.
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