TCLV.TO vs. DMEC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q Canadian Low Volatility ETF (TCLV.TO) and Desjardins Canadian Equity Index ETF (DMEC.TO).

TCLV.TO and DMEC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCLV.TO is an actively managed fund by TD. It was launched on May 26, 2020. DMEC.TO is a passively managed fund by Desjardins that tracks the performance of the Solactive Canada Broad Market Index (CA NTR). It was launched on Apr 15, 2024.

Performance

TCLV.TO vs. DMEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Canadian Low Volatility ETF (TCLV.TO) and Desjardins Canadian Equity Index ETF (DMEC.TO). The values are adjusted to include any dividend payments, if applicable.

TCLV.TO vs. DMEC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TCLV.TO TD Q Canadian Low Volatility ETF	0.94%	24.55%	15.21%
DMEC.TO Desjardins Canadian Equity Index ETF	3.74%	31.87%	16.56%

Returns By Period

In the year-to-date period, TCLV.TO achieves a 0.94% return, which is significantly lower than DMEC.TO's 3.74% return.

TCLV.TO

• 1D: 1.26%
• 1M: -2.53%
• YTD: 0.94%
• 6M: 6.13%
• 1Y: 17.25%
• 3Y*: 13.52%
• 5Y*: 11.49%
• 10Y*: —

DMEC.TO

• 1D: 2.63%
• 1M: -4.62%
• YTD: 3.74%
• 6M: 10.40%
• 1Y: 34.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCLV.TO vs. DMEC.TO - Expense Ratio Comparison

TCLV.TO has a 0.33% expense ratio, which is higher than DMEC.TO's 0.05% expense ratio.

TCLV.TO

TD Q Canadian Low Volatility ETF

DMEC.TO

Desjardins Canadian Equity Index ETF

Return for Risk

TCLV.TO vs. DMEC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCLV.TO

TCLV.TO Risk / Return Rank: 90
TCLV.TO Sharpe Ratio Rank: 87
TCLV.TO Sortino Ratio Rank: 90
TCLV.TO Omega Ratio Rank: 88
TCLV.TO Calmar Ratio Rank: 89
TCLV.TO Martin Ratio Rank: 93

DMEC.TO

DMEC.TO Risk / Return Rank: 94
DMEC.TO Sharpe Ratio Rank: 94
DMEC.TO Sortino Ratio Rank: 94
DMEC.TO Omega Ratio Rank: 95
DMEC.TO Calmar Ratio Rank: 92
DMEC.TO Martin Ratio Rank: 94

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.

TCLV.TO vs. DMEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Low Volatility ETF (TCLV.TO) and Desjardins Canadian Equity Index ETF (DMEC.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.

	TCLV.TO	DMEC.TO	Difference
Sharpe ratio Return per unit of total volatility	1.83	2.31	-0.48
Sortino ratio Return per unit of downside risk	2.62	2.92	-0.31
Omega ratio Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio Return relative to maximum drawdown	2.93	3.39	-0.46
Martin ratio Return relative to average drawdown	13.78	14.94	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCLV.TO vs. DMEC.TO - Sharpe Ratio Comparison

The current TCLV.TO Sharpe Ratio is 1.83, which is comparable to the DMEC.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of TCLV.TO and DMEC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TCLV.TO	DMEC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.31	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	2.08	-0.78

Correlation

The correlation between TCLV.TO and DMEC.TO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TCLV.TO vs. DMEC.TO - Dividend Comparison

TCLV.TO's dividend yield for the trailing twelve months is around 1.92%, less than DMEC.TO's 2.04% yield.

	TTM	2025	2024	2023	2022	2021	2020
TCLV.TO TD Q Canadian Low Volatility ETF	1.92%	1.89%	2.68%	3.15%	2.84%	2.64%	1.59%
DMEC.TO Desjardins Canadian Equity Index ETF	2.04%	1.78%	1.39%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TCLV.TO vs. DMEC.TO - Drawdown Comparison

The maximum TCLV.TO drawdown since its inception was -15.27%, which is greater than DMEC.TO's maximum drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for TCLV.TO and DMEC.TO.

Drawdown Indicators

	TCLV.TO	DMEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.27%	-12.15%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	-10.48%	+4.11%
Max Drawdown (5Y) Largest decline over 5 years	-15.27%	—	—
Current Drawdown Current decline from peak	-2.77%	-5.07%	+2.30%
Average Drawdown Average peak-to-trough decline	-3.13%	-1.42%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	2.38%	-1.02%

Volatility

TCLV.TO vs. DMEC.TO - Volatility Comparison

The current volatility for TD Q Canadian Low Volatility ETF (TCLV.TO) is 3.66%, while Desjardins Canadian Equity Index ETF (DMEC.TO) has a volatility of 6.14%. This indicates that TCLV.TO experiences smaller price fluctuations and is considered to be less risky than DMEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCLV.TO	DMEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	6.14%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	6.28%	10.84%	-4.56%
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	15.11%	-5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	13.08%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	13.08%	-3.27%