MIVG.TO vs. DRFG.TO
MIVG.TO (Mackenzie Ivy Global Equity 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 5 years, MIVG.TO returned 8.51%/yr vs 13.44%/yr for DRFG.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MIVG.TO achieves a 2.83% return, which is significantly lower than DRFG.TO's 13.90% return.
MIVG.TO
- 1D
- -0.59%
- 1M
- 2.15%
- 6M
- 0.55%
- YTD
- 2.83%
- 1Y
- 8.58%
- 3Y*
- 13.07%
- 5Y*
- 8.51%
- 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*
- —
MIVG.TO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 2.83% | 9.98% | 23.80% | 11.57% | -8.98% | 12.79% | 11.20% | 9.83% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 12.68% | -12.16% | 17.99% | 7.88% | 8.78% |
Correlation
The correlation between MIVG.TO and DRFG.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2019 | 0.26 |
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Return for Risk
MIVG.TO vs. DRFG.TO — Risk / Return Rank
MIVG.TO
DRFG.TO
MIVG.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.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.
| MIVG.TO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 3.48 | -2.67 |
| Martin ratioReturn relative to average drawdown | 2.31 | 13.73 | -11.41 |
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Drawdowns
MIVG.TO vs. DRFG.TO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and DRFG.TO.
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Drawdown Indicators
| MIVG.TO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -27.73% | +5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -8.40% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -16.44% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -21.09% | +2.21% |
Current DrawdownCurrent decline from peak | -2.23% | -2.91% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -4.62% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.13% | +1.59% |
Volatility
MIVG.TO vs. DRFG.TO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.99% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that MIVG.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
| MIVG.TO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 3.31% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 10.85% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 12.99% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 12.73% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 14.24% | -0.81% |
Dividends
MIVG.TO vs. DRFG.TO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.64%, less than DRFG.TO's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.64% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% |
Frequently Asked Questions
MIVG.TO and DRFG.TO have a correlation of 0.33, 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: Mackenzie and Desjardins.
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