XCSR.TO vs. DMEC.TO
XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds - XCSR.TO tracks the Morningstar Canada GR CAD while DMEC.TO tracks the Solactive Canada Broad Market Index (CA NTR). Both are passively managed. Over the past year, XCSR.TO returned 32.34% vs 36.89% for DMEC.TO. Their correlation of 0.85 suggests significant overlap in exposure. XCSR.TO charges 0.17%/yr vs 0.05%/yr for DMEC.TO.
Performance
XCSR.TO vs. DMEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCSR.TO achieves a 7.96% return, which is significantly lower than DMEC.TO's 11.98% return.
XCSR.TO
- 1D
- 1.26%
- 1M
- 6.36%
- YTD
- 7.96%
- 6M
- 7.56%
- 1Y
- 32.34%
- 3Y*
- 25.22%
- 5Y*
- 13.66%
- 10Y*
- —
DMEC.TO
- 1D
- 1.14%
- 1M
- 5.05%
- YTD
- 11.98%
- 6M
- 13.32%
- 1Y
- 36.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XCSR.TO vs. DMEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF | 7.96% | 35.35% | 20.56% |
DMEC.TO Desjardins Canadian Equity Index ETF | 11.98% | 31.87% | 16.56% |
Correlation
The correlation between XCSR.TO and DMEC.TO is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2024 | 0.85 |
The correlation between XCSR.TO and DMEC.TO has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
XCSR.TO vs. DMEC.TO — Risk / Return Rank
XCSR.TO
DMEC.TO
XCSR.TO vs. DMEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI Canada Index ETF (XCSR.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.
| XCSR.TO | DMEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.53 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.94 | -1.01 |
| Martin ratioReturn relative to average drawdown | 11.63 | 18.15 | -6.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCSR.TO | DMEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.94 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 2.25 | -2.17 |
Drawdowns
XCSR.TO vs. DMEC.TO - Drawdown Comparison
The maximum XCSR.TO drawdown since its inception was -23.56%, 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 XCSR.TO and DMEC.TO.
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Drawdown Indicators
| XCSR.TO | DMEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -12.15% | -11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -9.41% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -1.42% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.04% | +0.75% |
Volatility
XCSR.TO vs. DMEC.TO - Volatility Comparison
iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) has a higher volatility of 4.09% compared to Desjardins Canadian Equity Index ETF (DMEC.TO) at 3.53%. This indicates that XCSR.TO's price experiences larger fluctuations and is considered to be riskier than DMEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCSR.TO | DMEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 3.53% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 10.32% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 12.60% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 12.98% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,367.87% | 12.98% | +1,354.89% |
XCSR.TO vs. DMEC.TO - Expense Ratio Comparison
XCSR.TO has a 0.17% expense ratio, which is higher than DMEC.TO's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XCSR.TO vs. DMEC.TO - Dividend Comparison
XCSR.TO's dividend yield for the trailing twelve months is around 1.63%, less than DMEC.TO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 1.89% | 1.78% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF | 1.63% | 1.73% | 2.20% | 2.61% | 2.78% | 1.53% | 0.81% |
Frequently Asked Questions
With a correlation of 0.92, XCSR.TO and DMEC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DMEC.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DMEC.TO is cheaper with a 0.05% expense ratio, compared with 0.17% for XCSR.TO.
XCSR.TO tracks Morningstar Canada GR CAD, while DMEC.TO tracks Solactive Canada Broad Market Index (CA NTR). They also come from different issuers: iShares and Desjardins. Their fees differ too: 0.17% for XCSR.TO and 0.05% for DMEC.TO.
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