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XDG.TO vs. DRFG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDG.TO vs. DRFG.TO

Last updated Jul 18, 2026
Documentation

XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. XDG.TO is passively managed, while DRFG.TO is actively managed. Over the past 5 years, XDG.TO returned 10.85%/yr vs 13.44%/yr for DRFG.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

XDG.TO vs. DRFG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XDG.TO having a 13.88% return and DRFG.TO slightly higher at 13.90%.

XDG.TO

1D
-0.51%
1M
2.56%
6M
8.80%
YTD
13.88%
1Y
21.32%
3Y*
15.24%
5Y*
10.85%
10Y*
—

DRFG.TO

1D
-0.94%
1M
-1.27%
6M
10.30%
YTD
13.90%
1Y
29.11%
3Y*
23.18%
5Y*
13.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDG.TO vs. DRFG.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XDG.TO
iShares Core MSCI Global Quality Dividend Index ETF		13.88%12.26%14.74%7.06%1.78%15.16%-1.68%10.52%
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF		13.90%24.31%26.78%12.68%-12.16%17.99%7.88%8.78%

Correlation

The correlation between XDG.TO and DRFG.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.38

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

0.36

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2019

0.38

Compare stocks, funds, or ETFs

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iShares Core MSCI Global Quality Dividend Index ETF

Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF

Often compared with XDG.TO:
XDG.TO vs. XDIV.TOXDG.TO vs. XEQT.TOXDG.TO vs. XAW.TOXDG.TO vs. XDU.TOXDG.TO vs. XDGH.TOXDG.TO vs. CYH.TOXDG.TO vs. SCHD
Often compared with DRFG.TO:
DRFG.TO vs. DANC.TODRFG.TO vs. DCG.TODRFG.TO vs. DCS.TODRFG.TO vs. DRFD.TODRFG.TO vs. DRFE.TODRFG.TO vs. DRFU.TODRFG.TO vs. DRMC.TO

Return for Risk

XDG.TO vs. DRFG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDG.TO
XDG.TO Risk / Return Rank: 7272
Overall Rank
XDG.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XDG.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XDG.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XDG.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
XDG.TO Martin Ratio Rank: 6767
Martin Ratio Rank
DRFG.TO
DRFG.TO Risk / Return Rank: 8787
Overall Rank
DRFG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DRFG.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
DRFG.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DRFG.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
DRFG.TO Martin Ratio Rank: 8787
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.

XDG.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.

XDG.TODRFG.TODifference
Sharpe ratioReturn per unit of total volatility
1.93
2.25

-0.32

Sortino ratioReturn per unit of downside risk
2.76
3.14

-0.38

Omega ratioGain probability vs. loss probability

1.34

1.41

-0.07

Calmar ratioReturn relative to maximum drawdown

2.72

3.48

-0.76

Martin ratioReturn relative to average drawdown

9.40

13.73

-4.32

XDG.TO vs. DRFG.TO - Sharpe Ratio Comparison

The current XDG.TO Sharpe Ratio is 1.93, which is comparable to the DRFG.TO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of XDG.TO and DRFG.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

XDG.TO vs. DRFG.TO - Drawdown Comparison

The maximum XDG.TO drawdown since its inception was -27.08%, roughly equal to the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for XDG.TO and DRFG.TO.

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Drawdown Indicators

XDG.TODRFG.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.08%

-27.73%

+0.65%

Max Drawdown (1Y)

Largest decline over 1 year

-7.87%

-8.40%

+0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-12.33%

-16.44%

+4.11%

Max Drawdown (5Y)

Largest decline over 5 years

-12.33%

-21.09%

+8.76%

Current Drawdown

Current decline from peak

-3.04%

-2.91%

-0.13%

Average Drawdown

Average peak-to-trough decline

-3.11%

-4.62%

+1.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

2.13%

+0.14%

Volatility

XDG.TO vs. DRFG.TO - Volatility Comparison

iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) has a higher volatility of 4.62% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that XDG.TO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDG.TODRFG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

3.31%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

9.02%

10.85%

-1.83%

Volatility (1Y)

Calculated over the trailing 1-year period

11.14%

12.99%

-1.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.26%

12.73%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.89%

14.24%

-0.35%

Dividends

XDG.TO vs. DRFG.TO - Dividend Comparison

XDG.TO's dividend yield for the trailing twelve months is around 2.72%, more than DRFG.TO's 1.57% yield.

PositionTTM202520242023202220212020201920182017
DRFG.TO
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF		1.57%2.14%1.40%1.49%1.58%1.37%1.59%1.68%0.00%0.00%
XDG.TO
iShares Core MSCI Global Quality Dividend Index ETF		2.72%2.92%2.96%3.13%3.27%2.97%3.27%3.18%3.47%1.67%

Frequently Asked Questions

XDG.TO and DRFG.TO have a correlation of 0.40, 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: iShares and Desjardins.

Portfolio Optimizer

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