NALT.TO vs. DGLM.TO
NALT.TO (NBI Liquid Alternatives ETF) and DGLM.TO (Desjardins Global Macro ETF) are both Multistrategy funds. Both are actively managed. Their 0.02 correlation means their historical movements had little consistent relationship. NALT.TO charges 0.67%/yr vs 0.90%/yr for DGLM.TO.
Performance
NALT.TO vs. DGLM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NALT.TO achieves a 8.57% return, which is significantly higher than DGLM.TO's 7.84% return.
NALT.TO
- 1D
- -0.52%
- 1M
- 0.71%
- 6M
- 7.31%
- YTD
- 8.57%
- 1Y
- 17.59%
- 3Y*
- 1.93%
- 5Y*
- 2.43%
- 10Y*
- —
- ALL TIME*
- 5.20%
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | CA$213.70 | CA$1.06K | CA$415.46 |
NALT.TO NBI Liquid Alternatives ETF | CA$77.47K | CA$54.06K | CA$64.90K |
NALT.TO vs. DGLM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NALT.TO NBI Liquid Alternatives ETF | 8.57% | 6.69% |
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
Correlation
The correlation between NALT.TO and DGLM.TO is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025 | 0.02 |
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Return for Risk
NALT.TO vs. DGLM.TO — Risk / Return Rank
NALT.TO
DGLM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NALT.TO vs. DGLM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI Liquid Alternatives ETF (NALT.TO) and Desjardins Global Macro ETF (DGLM.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.
| NALT.TO | DGLM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | — | — |
| Martin ratioReturn relative to average drawdown | 6.29 | — | — |
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Drawdowns
NALT.TO vs. DGLM.TO - Drawdown Comparison
The maximum NALT.TO drawdown since its inception was -21.56%, which is greater than DGLM.TO's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for NALT.TO and DGLM.TO.
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Drawdown Indicators
| NALT.TO | DGLM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.56% | -2.58% | -18.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | — | — |
Current DrawdownCurrent decline from peak | -3.91% | 0.00% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -0.47% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | — | — |
Volatility
NALT.TO vs. DGLM.TO - Volatility Comparison
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Volatility by Period
| NALT.TO | DGLM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 5.10% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.92% | 5.10% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.64% | 5.10% | +7.54% |
NALT.TO vs. DGLM.TO - Expense Ratio Comparison
NALT.TO has a 0.67% expense ratio, which is lower than DGLM.TO's 0.90% expense ratio.
Dividends
NALT.TO vs. DGLM.TO - Dividend Comparison
NALT.TO's dividend yield for the trailing twelve months is around 5.48%, more than DGLM.TO's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NALT.TO NBI Liquid Alternatives ETF | 5.48% | 2.03% | 2.40% | 1.59% | 0.95% | 5.85% | 6.98% | 0.50% |
Frequently Asked Questions
NALT.TO and DGLM.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NALT.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NALT.TO is cheaper with a 0.67% expense ratio, compared with 0.90% for DGLM.TO.
They also come from different issuers: NBI and Desjardins. Their fees differ too: 0.67% for NALT.TO and 0.90% for DGLM.TO.
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