XMM.TO vs. DRFE.TO
XMM.TO (iShares MSCI Min Vol Emerging Markets Index ETF) and DRFE.TO (Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF) are both Emerging Markets Equities funds. XMM.TO is passively managed, while DRFE.TO is actively managed. Over the past 5 years, XMM.TO returned 6.74%/yr vs 11.04%/yr for DRFE.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
XMM.TO vs. DRFE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XMM.TO achieves a 13.81% return, which is significantly lower than DRFE.TO's 17.85% return.
XMM.TO
- 1D
- -1.06%
- 1M
- -6.20%
- 6M
- 8.78%
- YTD
- 13.81%
- 1Y
- 17.59%
- 3Y*
- 12.99%
- 5Y*
- 6.74%
- 10Y*
- 5.89%
DRFE.TO
- 1D
- -1.72%
- 1M
- -8.01%
- 6M
- 10.15%
- YTD
- 17.85%
- 1Y
- 22.92%
- 3Y*
- 20.19%
- 5Y*
- 11.04%
- 10Y*
- —
XMM.TO vs. DRFE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMM.TO iShares MSCI Min Vol Emerging Markets Index ETF | 13.81% | 7.65% | 16.66% | 4.10% | -7.83% | 3.95% | 4.32% | -1.48% |
DRFE.TO Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF | 17.85% | 21.25% | 18.51% | 10.59% | -8.03% | 4.88% | 7.49% | 0.47% |
Correlation
The correlation between XMM.TO and DRFE.TO is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.32 |
Over the past year, XMM.TO and DRFE.TO have become more correlated (0.67) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
XMM.TO vs. DRFE.TO — Risk / Return Rank
XMM.TO
DRFE.TO
XMM.TO vs. DRFE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Emerging Markets Index ETF (XMM.TO) and Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.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.
| XMM.TO | DRFE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.87 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.24 | 5.81 | +0.43 |
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Drawdowns
XMM.TO vs. DRFE.TO - Drawdown Comparison
The maximum XMM.TO drawdown since its inception was -22.07%, smaller than the maximum DRFE.TO drawdown of -25.26%. Use the drawdown chart below to compare losses from any high point for XMM.TO and DRFE.TO.
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Drawdown Indicators
| XMM.TO | DRFE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -25.26% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -12.31% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.94% | -14.27% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -21.05% | +5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -22.07% | — | — |
Current DrawdownCurrent decline from peak | -8.68% | -11.00% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -6.88% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.96% | -1.13% |
Volatility
XMM.TO vs. DRFE.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Emerging Markets Index ETF (XMM.TO) is 6.22%, while Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.TO) has a volatility of 9.91%. This indicates that XMM.TO experiences smaller price fluctuations and is considered to be less risky than DRFE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMM.TO | DRFE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 9.91% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 19.43% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 21.09% | -5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 16.61% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 17.23% | -5.02% |
Dividends
XMM.TO vs. DRFE.TO - Dividend Comparison
XMM.TO's dividend yield for the trailing twelve months is around 2.05%, more than DRFE.TO's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRFE.TO Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF | 1.65% | 2.10% | 2.60% | 3.04% | 3.00% | 2.49% | 2.45% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% |
XMM.TO iShares MSCI Min Vol Emerging Markets Index ETF | 2.05% | 2.37% | 2.95% | 2.55% | 1.55% | 1.91% | 2.09% | 2.44% | 2.23% | 2.09% | 2.35% | 2.16% |
Frequently Asked Questions
XMM.TO and DRFE.TO have a correlation of 0.67, 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.
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