MKB.TO vs. DCU.TO
MKB.TO (Mackenzie Canadian Strategic Fixed Income ETF) and DCU.TO (Desjardins Canadian Universe Bond Index ETF) are both Total Bond Market funds. Both are actively managed. Over the past 5 years, MKB.TO returned 0.68%/yr vs 0.39%/yr for DCU.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
MKB.TO vs. DCU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MKB.TO achieves a 1.45% return, which is significantly higher than DCU.TO's 1.27% return.
MKB.TO
- 1D
- 0.26%
- 1M
- -0.33%
- 6M
- 0.56%
- YTD
- 1.45%
- 1Y
- 4.73%
- 3Y*
- 4.44%
- 5Y*
- 0.68%
- 10Y*
- 1.66%
DCU.TO
- 1D
- 0.17%
- 1M
- -0.44%
- 6M
- 0.65%
- YTD
- 1.27%
- 1Y
- 4.20%
- 3Y*
- 4.06%
- 5Y*
- 0.39%
- 10Y*
- —
MKB.TO vs. DCU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKB.TO Mackenzie Canadian Strategic Fixed Income ETF | 1.45% | 2.54% | 4.70% | 6.67% | -11.07% | -2.34% | 8.29% | 6.55% | -1.13% | 1.06% |
DCU.TO Desjardins Canadian Universe Bond Index ETF | 1.27% | 2.19% | 3.83% | 6.53% | -11.04% | -2.76% | 8.04% | 6.70% | 0.31% | 1.59% |
Correlation
The correlation between MKB.TO and DCU.TO is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017 | 0.40 |
Over the past year, MKB.TO and DCU.TO have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
MKB.TO vs. DCU.TO — Risk / Return Rank
MKB.TO
DCU.TO
MKB.TO vs. DCU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Strategic Fixed Income ETF (MKB.TO) and Desjardins Canadian Universe Bond Index ETF (DCU.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.
| MKB.TO | DCU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.53 | +0.06 |
| Martin ratioReturn relative to average drawdown | 4.11 | 3.78 | +0.33 |
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Drawdowns
MKB.TO vs. DCU.TO - Drawdown Comparison
The maximum MKB.TO drawdown since its inception was -19.78%, which is greater than DCU.TO's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for MKB.TO and DCU.TO.
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Drawdown Indicators
| MKB.TO | DCU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -17.81% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.76% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.67% | -4.43% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.05% | -15.40% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.78% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -1.90% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -5.21% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.11% | +0.04% |
Volatility
MKB.TO vs. DCU.TO - Volatility Comparison
Mackenzie Canadian Strategic Fixed Income ETF (MKB.TO) has a higher volatility of 1.28% compared to Desjardins Canadian Universe Bond Index ETF (DCU.TO) at 1.06%. This indicates that MKB.TO's price experiences larger fluctuations and is considered to be riskier than DCU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKB.TO | DCU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.06% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 3.29% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.12% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.25% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.96% | 6.29% | +5.67% |
Dividends
MKB.TO vs. DCU.TO - Dividend Comparison
MKB.TO's dividend yield for the trailing twelve months is around 3.50%, more than DCU.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DCU.TO Desjardins Canadian Universe Bond Index ETF | 3.17% | 3.07% | 2.92% | 2.58% | 3.49% | 3.00% | 2.82% | 2.79% | 2.90% | 2.12% | 0.00% |
MKB.TO Mackenzie Canadian Strategic Fixed Income ETF | 3.50% | 3.75% | 3.45% | 2.98% | 2.86% | 2.16% | 2.11% | 2.44% | 3.02% | 2.19% | 1.78% |
Frequently Asked Questions
MKB.TO and DCU.TO have a correlation of 0.69, 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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