WSRI.TO vs. DRMD.TO

Last updated Jul 16, 2026

WSRI.TO (Wealthsimple North America Socially Responsible Index ETF) and DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) are both exchange-traded funds - WSRI.TO is a Sustainable fund actively managed by Wealthsimple, while DRMD.TO is a Foreign Large Cap Equities fund actively managed by Desjardins. Both are actively managed. Over the past 5 years, WSRI.TO returned 10.55%/yr vs 11.35%/yr for DRMD.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

WSRI.TO vs. DRMD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple North America Socially Responsible Index ETF (WSRI.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSRI.TO achieves a 5.79% return, which is significantly lower than DRMD.TO's 12.40% return.

WSRI.TO

• 1D: -0.88%
• 1M: 1.07%
• 6M: 1.95%
• YTD: 5.79%
• 1Y: 14.69%
• 3Y*: 13.97%
• 5Y*: 10.55%
• 10Y*: —

DRMD.TO

• 1D: 0.11%
• 1M: 0.89%
• 6M: 7.82%
• YTD: 12.40%
• 1Y: 24.44%
• 3Y*: 19.73%
• 5Y*: 11.35%
• 10Y*: —

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

WSRI.TO vs. DRMD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WSRI.TO Wealthsimple North America Socially Responsible Index ETF	5.79%	12.29%	19.17%	13.01%	-5.87%	25.13%	15.30%
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF	12.40%	27.57%	11.54%	13.94%	-8.20%	9.85%	12.97%

Correlation

The correlation between WSRI.TO and DRMD.TO is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020	0.28

Over the past year, WSRI.TO and DRMD.TO have become more correlated (0.57) than their long-term average of 0.28, meaning their price movements have been converging.

Return for Risk

WSRI.TO vs. DRMD.TO — Risk / Return Rank

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

WSRI.TO

WSRI.TO Risk / Return Rank: 44
WSRI.TO Sharpe Ratio Rank: 48
WSRI.TO Sortino Ratio Rank: 50
WSRI.TO Omega Ratio Rank: 47
WSRI.TO Calmar Ratio Rank: 36
WSRI.TO Martin Ratio Rank: 37

DRMD.TO

DRMD.TO Risk / Return Rank: 63
DRMD.TO Sharpe Ratio Rank: 69
DRMD.TO Sortino Ratio Rank: 68
DRMD.TO Omega Ratio Rank: 67
DRMD.TO Calmar Ratio Rank: 51
DRMD.TO Martin Ratio Rank: 59

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.

WSRI.TO vs. DRMD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple North America Socially Responsible Index ETF (WSRI.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.

	WSRI.TO	DRMD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.80	-0.40
Sortino ratio: Return per unit of downside risk	2.07	2.51	-0.44
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.54	2.11	-0.57
Martin ratio: Return relative to average drawdown	4.74	8.44	-3.70

WSRI.TO vs. DRMD.TO - Sharpe Ratio Comparison

The current WSRI.TO Sharpe Ratio is 1.40, which is comparable to the DRMD.TO Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of WSRI.TO and DRMD.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.

Drawdowns

WSRI.TO vs. DRMD.TO - Drawdown Comparison

The maximum WSRI.TO drawdown since its inception was -20.32%, smaller than the maximum DRMD.TO drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for WSRI.TO and DRMD.TO.

Drawdown Indicators

	WSRI.TO	DRMD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.32%	-23.39%	+3.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-11.65%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	-11.13%	-14.40%	+3.27%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	-23.39%	+3.07%
Current Drawdown Current decline from peak	-2.37%	-2.32%	-0.05%
Average Drawdown Average peak-to-trough decline	-3.19%	-4.02%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.90%	+0.21%

Volatility

WSRI.TO vs. DRMD.TO - Volatility Comparison

Wealthsimple North America Socially Responsible Index ETF (WSRI.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) have volatilities of 3.13% and 3.24%, 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.

Volatility by Period

	WSRI.TO	DRMD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	3.24%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	11.24%	-3.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	13.66%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	13.87%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	13.88%	-1.93%

Dividends

WSRI.TO vs. DRMD.TO - Dividend Comparison

WSRI.TO's dividend yield for the trailing twelve months is around 1.31%, while DRMD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
WSRI.TO Wealthsimple North America Socially Responsible Index ETF	1.31%	1.25%	1.30%	1.38%	1.21%	0.82%	0.38%

Frequently Asked Questions

Can I hold both WSRI.TO and DRMD.TO in my portfolio?

WSRI.TO and DRMD.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between WSRI.TO and DRMD.TO?

WSRI.TO is categorized as Sustainable, while DRMD.TO is Foreign Large Cap Equities. They also come from different issuers: Wealthsimple and Desjardins.