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XEN.TO vs. DMEC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEN.TO vs. DMEC.TO

Last updated Jun 4, 2026

XEN.TO (iShares Jantzi Social Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds - XEN.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, XEN.TO returned 34.13% vs 34.96% for DMEC.TO. Their correlation of 0.84 suggests significant overlap in exposure. XEN.TO charges 0.55%/yr vs 0.05%/yr for DMEC.TO.

Performance

XEN.TO vs. DMEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Jantzi Social Index ETF (XEN.TO) and Desjardins Canadian Equity Index ETF (DMEC.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, XEN.TO achieves a 9.68% return, which is significantly lower than DMEC.TO's 10.72% return.

XEN.TO

1D
-0.09%
1M
3.24%
YTD
9.68%
6M
11.21%
1Y
34.13%
3Y*
22.90%
5Y*
15.29%
10Y*
12.32%

DMEC.TO

1D
-1.07%
1M
3.70%
YTD
10.72%
6M
13.13%
1Y
34.96%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
XEN.TO
iShares Jantzi Social Index ETF		9.68%34.17%12.36%
DMEC.TO
Desjardins Canadian Equity Index ETF		10.72%31.87%16.56%

Correlation

The correlation between XEN.TO and DMEC.TO is 0.90, 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

0.90

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2024

0.84

The correlation between XEN.TO and DMEC.TO has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Jantzi Social Index ETF

Desjardins Canadian Equity Index ETF

Often compared with XEN.TO:
XEN.TO vs. GEQT.TOXEN.TO vs. XCSR.TOXEN.TO vs. XDSR.TOXEN.TO vs. VFV.TOXEN.TO vs. XIU.TOXEN.TO vs. XIC.TOXEN.TO vs. ^GSPC
Often compared with DMEC.TO:
DMEC.TO vs. RCD.TODMEC.TO vs. VCN.TODMEC.TO vs. VCE.TODMEC.TO vs. TQCD.TODMEC.TO vs. KNGC.TODMEC.TO vs. FCCM.NEODMEC.TO vs. FCCQ.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEN.TO
XEN.TO Risk / Return Rank: 8383
Overall Rank
XEN.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XEN.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XEN.TO Omega Ratio Rank: 8484
Omega Ratio Rank
XEN.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XEN.TO Martin Ratio Rank: 8686
Martin Ratio Rank
DMEC.TO
DMEC.TO Risk / Return Rank: 8282
Overall Rank
DMEC.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DMEC.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
DMEC.TO Omega Ratio Rank: 8484
Omega Ratio Rank
DMEC.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DMEC.TO Martin Ratio Rank: 8484
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Jantzi Social Index ETF (XEN.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.

XEN.TODMEC.TODifference
Sharpe ratioReturn per unit of total volatility
2.79
2.80

-0.01

Sortino ratioReturn per unit of downside risk
3.72
3.59

+0.13

Omega ratioGain probability vs. loss probability

1.51

1.51

+0.01

Calmar ratioReturn relative to maximum drawdown

4.01

3.73

+0.28

Martin ratioReturn relative to average drawdown

18.09

17.20

+0.89

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEN.TO Sharpe Ratio is 2.79, which is comparable to the DMEC.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of XEN.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.

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Sharpe Ratios by Period

XEN.TODMEC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

2.80

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

2.21

-1.77

Drawdowns

XEN.TO vs. DMEC.TO - Drawdown Comparison

The maximum XEN.TO drawdown since its inception was -49.69%, 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 XEN.TO and DMEC.TO.

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Drawdown Indicators

XEN.TODMEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.69%

-12.15%

-37.54%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

-9.41%

+0.86%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.79%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.24%

—

—

Current Drawdown

Current decline from peak

-0.09%

-1.07%

+0.98%

Average Drawdown

Average peak-to-trough decline

-7.65%

-1.42%

-6.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.04%

-0.15%

Volatility

XEN.TO vs. DMEC.TO - Volatility Comparison

The current volatility for iShares Jantzi Social Index ETF (XEN.TO) is 2.49%, while Desjardins Canadian Equity Index ETF (DMEC.TO) has a volatility of 3.42%. This indicates that XEN.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.

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Volatility by Period

XEN.TODMEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.49%

3.42%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

10.28%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

12.30%

12.56%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

12.97%

+0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

12.97%

+2.10%

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

XEN.TO has a 0.55% expense ratio, which is higher than DMEC.TO's 0.05% expense ratio.

Dividends

XEN.TO vs. DMEC.TO - Dividend Comparison

XEN.TO's dividend yield for the trailing twelve months is around 1.69%, less than DMEC.TO's 1.91% yield.

PositionTTM20252024202320222021202020192018201720162015
DMEC.TO
Desjardins Canadian Equity Index ETF		1.91%1.78%1.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEN.TO
iShares Jantzi Social Index ETF		1.69%1.83%2.29%2.46%2.60%1.73%3.72%2.13%2.31%1.75%2.07%2.57%

Frequently Asked Questions

With a correlation of 0.90, XEN.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 0.55% for XEN.TO.

XEN.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: 0.55% for XEN.TO and 0.05% for DMEC.TO.

Portfolio Optimizer

Find the right allocation for XEN.TO and DMEC.TO

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