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MKB.TO vs. DRCU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MKB.TO vs. DRCU.TO

Last updated Jul 16, 2026
Documentation

MKB.TO (Mackenzie Canadian Strategic Fixed Income ETF) and DRCU.TO (Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - MKB.TO is a Total Bond Market fund actively managed by Mackenzie, while DRCU.TO is a Sustainable fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, MKB.TO returned 0.68%/yr vs 0.58%/yr for DRCU.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

MKB.TO vs. DRCU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie Canadian Strategic Fixed Income ETF (MKB.TO) and Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.TO). The values are adjusted to include any dividend payments, if applicable.

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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 DRCU.TO's 0.39% 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%

DRCU.TO

1D
-0.32%
1M
-0.75%
6M
0.76%
YTD
0.39%
1Y
4.30%
3Y*
4.55%
5Y*
0.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MKB.TO vs. DRCU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MKB.TO
Mackenzie Canadian Strategic Fixed Income ETF		1.45%2.54%4.70%6.67%-11.07%-2.34%8.29%6.55%1.57%
DRCU.TO
Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF		0.39%3.11%5.29%6.29%-11.24%-3.01%7.92%8.54%0.21%

Correlation

The correlation between MKB.TO and DRCU.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2018

0.27

The correlation between MKB.TO and DRCU.TO shifts across timeframes, from 0.27 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.

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Mackenzie Canadian Strategic Fixed Income ETF

Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF

Return for Risk

MKB.TO vs. DRCU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MKB.TO
MKB.TO Risk / Return Rank: 3535
Overall Rank
MKB.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
MKB.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
MKB.TO Omega Ratio Rank: 3434
Omega Ratio Rank
MKB.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
MKB.TO Martin Ratio Rank: 3333
Martin Ratio Rank
DRCU.TO
DRCU.TO Risk / Return Rank: 2828
Overall Rank
DRCU.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
DRCU.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
DRCU.TO Omega Ratio Rank: 2626
Omega Ratio Rank
DRCU.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
DRCU.TO Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MKB.TO vs. DRCU.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 RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.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.TODRCU.TODifference
Sharpe ratioReturn per unit of total volatility
1.13
0.84

+0.30

Sortino ratioReturn per unit of downside risk
1.63
1.19

+0.44

Omega ratioGain probability vs. loss probability

1.20

1.16

+0.04

Calmar ratioReturn relative to maximum drawdown

1.59

1.38

+0.21

Martin ratioReturn relative to average drawdown

4.11

3.52

+0.59

MKB.TO vs. DRCU.TO - Sharpe Ratio Comparison

The current MKB.TO Sharpe Ratio is 1.13, which is higher than the DRCU.TO Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MKB.TO and DRCU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MKB.TO vs. DRCU.TO - Drawdown Comparison

The maximum MKB.TO drawdown since its inception was -19.78%, which is greater than DRCU.TO's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for MKB.TO and DRCU.TO.

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Drawdown Indicators

MKB.TODRCU.TODifference

Max Drawdown

Largest peak-to-trough decline

-19.78%

-18.29%

-1.49%

Max Drawdown (1Y)

Largest decline over 1 year

-2.99%

-2.61%

-0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-4.67%

-4.71%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-16.05%

-16.14%

+0.09%

Max Drawdown (10Y)

Largest decline over 10 years

-19.78%

—

—

Current Drawdown

Current decline from peak

-1.68%

-1.22%

-0.46%

Average Drawdown

Average peak-to-trough decline

-5.55%

-5.78%

+0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.15%

1.02%

+0.13%

Volatility

MKB.TO vs. DRCU.TO - Volatility Comparison

Mackenzie Canadian Strategic Fixed Income ETF (MKB.TO) has a higher volatility of 1.28% compared to Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF (DRCU.TO) at 1.03%. This indicates that MKB.TO's price experiences larger fluctuations and is considered to be riskier than DRCU.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.TODRCU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.28%

1.03%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

3.16%

3.19%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

4.23%

4.33%

-0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.39%

7.51%

-1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.96%

7.72%

+4.24%

Dividends

MKB.TO vs. DRCU.TO - Dividend Comparison

MKB.TO's dividend yield for the trailing twelve months is around 3.50%, more than DRCU.TO's 3.43% yield.

PositionTTM2025202420232022202120202019201820172016
DRCU.TO
Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF		3.43%3.43%3.27%2.62%3.34%2.87%2.69%2.67%0.71%0.00%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 DRCU.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MKB.TO is categorized as Total Bond Market, while DRCU.TO is Sustainable. They also come from different issuers: Mackenzie and Desjardins.

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