QDX.TO vs. DRMD.TO
QDX.TO (Mackenzie International Equity Index ETF) and DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) are both Foreign Large Cap Equities funds. QDX.TO is passively managed, while DRMD.TO is actively managed. Over the past 5 years, QDX.TO returned 11.14%/yr vs 11.15%/yr for DRMD.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
QDX.TO vs. DRMD.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QDX.TO having a 11.67% return and DRMD.TO slightly lower at 11.41%.
QDX.TO
- 1D
- -0.84%
- 1M
- -1.15%
- 6M
- 5.92%
- YTD
- 11.67%
- 1Y
- 23.38%
- 3Y*
- 17.57%
- 5Y*
- 11.14%
- 10Y*
- —
DRMD.TO
- 1D
- -0.44%
- 1M
- -0.94%
- 6M
- 6.36%
- YTD
- 11.41%
- 1Y
- 22.63%
- 3Y*
- 18.01%
- 5Y*
- 11.15%
- 10Y*
- —
QDX.TO vs. DRMD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 11.67% | 25.29% | 12.93% | 13.65% | -8.61% | 11.24% | 18.05% |
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 11.41% | 27.57% | 11.54% | 13.94% | -8.20% | 9.85% | 20.29% |
Correlation
The correlation between QDX.TO and DRMD.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.42 |
Over the past year, QDX.TO and DRMD.TO have become more correlated (0.83) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
QDX.TO vs. DRMD.TO — Risk / Return Rank
QDX.TO
DRMD.TO
QDX.TO vs. DRMD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (QDX.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.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.
| QDX.TO | DRMD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.95 | +0.21 |
| Martin ratioReturn relative to average drawdown | 8.33 | 7.78 | +0.55 |
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Drawdowns
QDX.TO vs. DRMD.TO - Drawdown Comparison
The maximum QDX.TO drawdown since its inception was -28.08%, which is greater than DRMD.TO's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for QDX.TO and DRMD.TO.
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Drawdown Indicators
| QDX.TO | DRMD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.08% | -23.39% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -11.65% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -14.40% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -23.39% | -0.16% |
Current DrawdownCurrent decline from peak | -3.48% | -3.18% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -4.02% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.92% | -0.11% |
Volatility
QDX.TO vs. DRMD.TO - Volatility Comparison
Mackenzie International Equity Index ETF (QDX.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) have volatilities of 3.37% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDX.TO | DRMD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.23% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 11.26% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 13.64% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 13.87% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 13.87% | +1.58% |
Dividends
QDX.TO vs. DRMD.TO - Dividend Comparison
QDX.TO's dividend yield for the trailing twelve months is around 2.39%, while DRMD.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 0.00% | 0.00% | 12.27% | 1.86% | 2.45% | 2.04% | 1.64% | 0.00% | 0.00% |
QDX.TO Mackenzie International Equity Index ETF | 2.39% | 2.51% | 2.48% | 2.61% | 2.73% | 2.25% | 1.91% | 2.76% | 3.03% |
Frequently Asked Questions
QDX.TO and DRMD.TO have a correlation of 0.83, 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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