XEI.TO vs. DMEC.TO

Last updated Jun 5, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds - XEI.TO tracks the S&P/TSX Composite High Dividend Index while DMEC.TO tracks the Solactive Canada Broad Market Index (CA NTR). Both are passively managed. Over the past year, XEI.TO returned 45.53% vs 36.89% for DMEC.TO. A 0.62 correlation means they provide meaningful diversification when combined. XEI.TO charges 0.22%/yr vs 0.05%/yr for DMEC.TO.

Performance

XEI.TO vs. DMEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Desjardins Canadian Equity Index ETF (DMEC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEI.TO achieves a 23.25% return, which is significantly higher than DMEC.TO's 11.98% return.

XEI.TO

• 1D: 0.85%
• 1M: 3.41%
• YTD: 23.25%
• 6M: 23.82%
• 1Y: 45.53%
• 3Y*: 22.82%
• 5Y*: 15.75%
• 10Y*: 12.30%

DMEC.TO

• 1D: 1.14%
• 1M: 5.05%
• YTD: 11.98%
• 6M: 13.32%
• 1Y: 36.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	23.25%	25.96%	14.41%
DMEC.TO Desjardins Canadian Equity Index ETF	11.98%	31.87%	16.56%

Correlation

The correlation between XEI.TO and DMEC.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 19, 2024	0.62

The correlation between XEI.TO and DMEC.TO shifts across timeframes, from 0.48 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

XEI.TO

XEI.TO Risk / Return Rank: 98
XEI.TO Sharpe Ratio Rank: 98
XEI.TO Sortino Ratio Rank: 99
XEI.TO Omega Ratio Rank: 98
XEI.TO Calmar Ratio Rank: 99
XEI.TO Martin Ratio Rank: 98

DMEC.TO

DMEC.TO Risk / Return Rank: 85
DMEC.TO Sharpe Ratio Rank: 89
DMEC.TO Sortino Ratio Rank: 85
DMEC.TO Omega Ratio Rank: 87
DMEC.TO Calmar Ratio Rank: 78
DMEC.TO Martin Ratio Rank: 87

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.

	XEI.TO	DMEC.TO	Difference
Sharpe ratio: Return per unit of total volatility	6.34	2.94	+3.40
Sortino ratio: Return per unit of downside risk	9.47	3.76	+5.71
Omega ratio: Gain probability vs. loss probability	2.34	1.53	+0.81
Calmar ratio: Return relative to maximum drawdown	20.39	3.94	+16.46
Martin ratio: Return relative to average drawdown	69.23	18.15	+51.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEI.TO Sharpe Ratio is 6.34, which is higher than the DMEC.TO Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of XEI.TO and DMEC.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.

Sharpe Ratios by Period

	XEI.TO	DMEC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.34	2.94	+3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	2.25	-1.58

Drawdowns

XEI.TO vs. DMEC.TO - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.51%, 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 XEI.TO and DMEC.TO.

Drawdown Indicators

	XEI.TO	DMEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.51%	-12.15%	-33.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.24%	-9.41%	+7.17%
Max Drawdown (3Y) Largest decline over 3 years	-9.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.51%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.05%	-1.42%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	2.04%	-1.38%

Volatility

XEI.TO vs. DMEC.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.89%, while Desjardins Canadian Equity Index ETF (DMEC.TO) has a volatility of 3.53%. This indicates that XEI.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

	XEI.TO	DMEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	3.53%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	6.03%	10.32%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	7.24%	12.60%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.24%	12.98%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	12.98%	+3.03%

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

XEI.TO has a 0.22% 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

XEI.TO vs. DMEC.TO - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than DMEC.TO's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMEC.TO Desjardins Canadian Equity Index ETF	1.89%	1.78%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	3.53%	4.39%	5.56%	5.08%	4.78%	3.65%	5.13%	4.71%	5.53%	4.37%	4.51%	5.75%

Frequently Asked Questions

Can I hold both XEI.TO and DMEC.TO in my portfolio?

XEI.TO and DMEC.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEI.TO or DMEC.TO?

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.

Which ETF is cheaper, XEI.TO or DMEC.TO?

DMEC.TO is cheaper with a 0.05% expense ratio, compared with 0.22% for XEI.TO.

What is the main difference between XEI.TO and DMEC.TO?

XEI.TO tracks S&P/TSX Composite High Dividend Index, while DMEC.TO tracks Solactive Canada Broad Market Index (CA NTR). They also come from different issuers: iShares and Desjardins. Their fees differ too: 0.22% for XEI.TO and 0.05% for DMEC.TO.