QSB.TO vs. DCS.TO
QSB.TO (Mackenzie Canadian Short-Term Bond Index ETF) and DCS.TO (Desjardins Canadian Short Term Bond Index ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, QSB.TO returned 2.19%/yr vs 2.13%/yr for DCS.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
QSB.TO vs. DCS.TO - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with QSB.TO at 1.16% and DCS.TO at 1.16%.
QSB.TO
- 1D
- -0.02%
- 1M
- -0.19%
- 6M
- 0.74%
- YTD
- 1.16%
- 1Y
- 3.22%
- 3Y*
- 4.83%
- 5Y*
- 2.19%
- 10Y*
- —
DCS.TO
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 3.08%
- 3Y*
- 4.74%
- 5Y*
- 2.13%
- 10Y*
- —
QSB.TO vs. DCS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QSB.TO Mackenzie Canadian Short-Term Bond Index ETF | 1.16% | 3.74% | 5.59% | 5.22% | -3.90% | -1.16% | 4.58% | 4.15% | 0.90% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.74% | 4.72% | -4.00% | -0.81% | 4.93% | 3.23% | 1.49% |
Correlation
The correlation between QSB.TO and DCS.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 | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.33 |
The correlation between QSB.TO and DCS.TO shifts across timeframes, from 0.33 (1 year) to 0.44 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QSB.TO vs. DCS.TO — Risk / Return Rank
QSB.TO
DCS.TO
QSB.TO vs. DCS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Short-Term Bond Index ETF (QSB.TO) and Desjardins Canadian Short Term Bond Index ETF (DCS.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.
| QSB.TO | DCS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.46 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.60 | 7.99 | +0.61 |
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Drawdowns
QSB.TO vs. DCS.TO - Drawdown Comparison
The maximum QSB.TO drawdown since its inception was -6.73%, roughly equal to the maximum DCS.TO drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for QSB.TO and DCS.TO.
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Drawdown Indicators
| QSB.TO | DCS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.73% | -7.05% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -1.26% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -1.26% | -1.26% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -6.72% | -6.26% | -0.46% |
Current DrawdownCurrent decline from peak | -0.37% | -0.21% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -1.44% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.39% | -0.01% |
Volatility
QSB.TO vs. DCS.TO - Volatility Comparison
Mackenzie Canadian Short-Term Bond Index ETF (QSB.TO) has a higher volatility of 0.51% compared to Desjardins Canadian Short Term Bond Index ETF (DCS.TO) at 0.48%. This indicates that QSB.TO's price experiences larger fluctuations and is considered to be riskier than DCS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSB.TO | DCS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.48% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.42% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 1.90% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 2.50% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 2.64% | -0.19% |
Dividends
QSB.TO vs. DCS.TO - Dividend Comparison
QSB.TO's dividend yield for the trailing twelve months is around 2.83%, more than DCS.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 2.77% | 2.77% | 2.59% | 2.49% | 2.66% | 2.49% | 2.41% | 2.47% | 2.55% | 1.69% |
QSB.TO Mackenzie Canadian Short-Term Bond Index ETF | 2.83% | 2.96% | 3.13% | 2.63% | 2.02% | 2.21% | 1.60% | 2.22% | 1.91% | 0.00% |
Frequently Asked Questions
QSB.TO and DCS.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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