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THU.TO vs. DRMU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THU.TO vs. DRMU.TO

Last updated Jul 18, 2026
Documentation

THU.TO (TD U.S. Equity CAD Hedged Index ETF) and DRMU.TO (Desjardins RI USA Net-Zero Emissions Pathway ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 5 years, THU.TO returned 10.95%/yr vs 13.92%/yr for DRMU.TO. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

THU.TO vs. DRMU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD U.S. Equity CAD Hedged Index ETF (THU.TO) and Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.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, THU.TO achieves a 8.52% return, which is significantly lower than DRMU.TO's 11.38% return.

THU.TO

1D
-0.66%
1M
0.48%
6M
6.96%
YTD
8.52%
1Y
17.33%
3Y*
17.74%
5Y*
10.95%
10Y*
13.34%

DRMU.TO

1D
-1.23%
1M
0.47%
6M
8.66%
YTD
11.38%
1Y
21.26%
3Y*
20.49%
5Y*
13.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

THU.TO vs. DRMU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
THU.TO
TD U.S. Equity CAD Hedged Index ETF		8.52%15.44%23.50%26.50%-21.80%27.16%18.06%29.00%-14.36%
DRMU.TO
Desjardins RI USA Net-Zero Emissions Pathway ETF		11.38%11.60%34.78%24.94%-16.67%26.25%20.57%24.54%-8.47%

Correlation

The correlation between THU.TO and DRMU.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.71

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

0.69

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

0.60

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2018

0.51

Over the past year, THU.TO and DRMU.TO have become more correlated (0.71) than their long-term average of 0.51, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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TD U.S. Equity CAD Hedged Index ETF

Desjardins RI USA Net-Zero Emissions Pathway ETF

Often compared with THU.TO:
THU.TO vs. COW.TOTHU.TO vs. DRFU.TOTHU.TO vs. FLUS.TOTHU.TO vs. QUU.TOTHU.TO vs. RUD.TOTHU.TO vs. SMVP.TOTHU.TO vs. TBAL.TO
Often compared with DRMU.TO:
DRMU.TO vs. DRFD.TODRMU.TO vs. DRFE.TODRMU.TO vs. DANC.TODRMU.TO vs. DRFG.TODRMU.TO vs. COW.TODRMU.TO vs. DCBC.TODRMU.TO vs. DCG.TO

Return for Risk

THU.TO vs. DRMU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THU.TO
THU.TO Risk / Return Rank: 5252
Overall Rank
THU.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
THU.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
THU.TO Omega Ratio Rank: 5050
Omega Ratio Rank
THU.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
THU.TO Martin Ratio Rank: 6060
Martin Ratio Rank
DRMU.TO
DRMU.TO Risk / Return Rank: 6767
Overall Rank
DRMU.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
DRMU.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
DRMU.TO Omega Ratio Rank: 7272
Omega Ratio Rank
DRMU.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
DRMU.TO Martin Ratio Rank: 6363
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.

THU.TO vs. DRMU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity CAD Hedged Index ETF (THU.TO) and Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.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.

THU.TODRMU.TODifference
Sharpe ratioReturn per unit of total volatility
1.35
1.66

-0.31

Sortino ratioReturn per unit of downside risk
1.93
2.38

-0.45

Omega ratioGain probability vs. loss probability

1.24

1.32

-0.08

Calmar ratioReturn relative to maximum drawdown

1.82

2.33

-0.51

Martin ratioReturn relative to average drawdown

7.75

8.24

-0.49

THU.TO vs. DRMU.TO - Sharpe Ratio Comparison

The current THU.TO Sharpe Ratio is 1.35, which is comparable to the DRMU.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of THU.TO and DRMU.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

THU.TO vs. DRMU.TO - Drawdown Comparison

The maximum THU.TO drawdown since its inception was -34.64%, which is greater than DRMU.TO's maximum drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for THU.TO and DRMU.TO.

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Drawdown Indicators

THU.TODRMU.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-24.56%

-10.08%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-9.17%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-19.16%

-19.69%

+0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-26.37%

-24.56%

-1.81%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

—

—

Current Drawdown

Current decline from peak

-2.13%

-3.15%

+1.02%

Average Drawdown

Average peak-to-trough decline

-4.81%

-4.62%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

2.59%

-0.35%

Volatility

THU.TO vs. DRMU.TO - Volatility Comparison

The current volatility for TD U.S. Equity CAD Hedged Index ETF (THU.TO) is 3.24%, while Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) has a volatility of 4.16%. This indicates that THU.TO experiences smaller price fluctuations and is considered to be less risky than DRMU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

THU.TODRMU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.24%

4.16%

-0.92%

Volatility (6M)

Calculated over the trailing 6-month period

10.24%

10.29%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.89%

12.89%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

15.21%

+1.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

15.56%

+1.84%

Dividends

THU.TO vs. DRMU.TO - Dividend Comparison

THU.TO's dividend yield for the trailing twelve months is around 0.98%, more than DRMU.TO's 0.79% yield.

PositionTTM2025202420232022202120202019201820172016
DRMU.TO
Desjardins RI USA Net-Zero Emissions Pathway ETF		0.79%0.85%0.77%1.04%1.17%1.08%1.25%1.34%0.41%0.00%0.00%
THU.TO
TD U.S. Equity CAD Hedged Index ETF		0.98%1.05%1.25%1.20%1.42%1.00%1.28%1.21%1.66%1.54%1.37%

Frequently Asked Questions

THU.TO and DRMU.TO have a correlation of 0.71, 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: TD and Desjardins.

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