GEQT.TO vs. DRFG.TO
GEQT.TO (iShares ESG Equity ETF Portfolio) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, GEQT.TO returned 13.51%/yr vs 13.44%/yr for DRFG.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
GEQT.TO vs. DRFG.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GEQT.TO having a 14.24% return and DRFG.TO slightly lower at 13.90%.
GEQT.TO
- 1D
- -0.65%
- 1M
- -1.53%
- 6M
- 10.03%
- YTD
- 14.24%
- 1Y
- 22.29%
- 3Y*
- 21.35%
- 5Y*
- 13.51%
- 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*
- —
GEQT.TO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 14.24% | 17.86% | 25.42% | 22.35% | -15.19% | 21.99% | 7.15% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 12.68% | -12.16% | 17.99% | 7.68% |
Correlation
The correlation between GEQT.TO and DRFG.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.42 |
Over the past year, GEQT.TO and DRFG.TO have become more correlated (0.73) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
GEQT.TO vs. DRFG.TO — Risk / Return Rank
GEQT.TO
DRFG.TO
GEQT.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.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.
| GEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.48 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.65 | 13.73 | -4.08 |
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Drawdowns
GEQT.TO vs. DRFG.TO - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.66%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and DRFG.TO.
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Drawdown Indicators
| GEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -27.73% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -8.40% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -16.44% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -21.09% | -2.57% |
Current DrawdownCurrent decline from peak | -3.45% | -2.91% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.62% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.13% | +0.19% |
Volatility
GEQT.TO vs. DRFG.TO - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 5.12% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 3.31% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 10.85% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 12.99% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 12.73% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 14.24% | +3.12% |
Dividends
GEQT.TO vs. DRFG.TO - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.16%, less than DRFG.TO's 1.57% yield.
| 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% |
GEQT.TO iShares ESG Equity ETF Portfolio | 1.16% | 1.26% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% | 0.00% |
Frequently Asked Questions
GEQT.TO and DRFG.TO have a correlation of 0.73, 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: iShares and Desjardins.
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