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XMU.TO vs. DRFU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMU.TO vs. DRFU.TO

Last updated Jul 18, 2026
Documentation

XMU.TO (iShares MSCI Min Vol USA Index ETF) and DRFU.TO (Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF) are both Large Cap Blend Equities funds. XMU.TO is passively managed, while DRFU.TO is actively managed. Over the past 5 years, XMU.TO returned 6.78%/yr vs 14.84%/yr for DRFU.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

XMU.TO vs. DRFU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol USA Index ETF (XMU.TO) and Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.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, XMU.TO achieves a 5.16% return, which is significantly lower than DRFU.TO's 15.27% return.

XMU.TO

1D
0.39%
1M
1.31%
6M
3.43%
YTD
5.16%
1Y
3.64%
3Y*
10.29%
5Y*
6.78%
10Y*
8.80%

DRFU.TO

1D
0.00%
1M
1.44%
6M
14.13%
YTD
15.27%
1Y
29.62%
3Y*
24.00%
5Y*
14.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMU.TO vs. DRFU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XMU.TO
iShares MSCI Min Vol USA Index ETF		5.16%-0.80%22.08%6.68%-3.58%17.10%3.13%20.92%-3.24%
DRFU.TO
Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF		15.27%12.18%37.32%5.44%-9.19%29.41%7.31%21.84%-8.47%

Correlation

The correlation between XMU.TO and DRFU.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.18

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

0.13

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2018

0.15

Compare stocks, funds, or ETFs

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

iShares MSCI Min Vol USA Index ETF

Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF

Often compared with XMU.TO:
XMU.TO vs. ZLU.TOXMU.TO vs. XMV.TOXMU.TO vs. XMS.TOXMU.TO vs. VFV.TOXMU.TO vs. XIT.TOXMU.TO vs. SMMVXMU.TO vs. XST.TO
Often compared with DRFU.TO:
DRFU.TO vs. DANC.TODRFU.TO vs. DCG.TODRFU.TO vs. DCS.TODRFU.TO vs. DRFD.TODRFU.TO vs. DRFE.TODRFU.TO vs. DRFG.TODRFU.TO vs. DRMC.TO

Return for Risk

XMU.TO vs. DRFU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMU.TO
XMU.TO Risk / Return Rank: 1515
Overall Rank
XMU.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
XMU.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
XMU.TO Omega Ratio Rank: 1515
Omega Ratio Rank
XMU.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
XMU.TO Martin Ratio Rank: 1515
Martin Ratio Rank
DRFU.TO
DRFU.TO Risk / Return Rank: 8989
Overall Rank
DRFU.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
DRFU.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
DRFU.TO Omega Ratio Rank: 9595
Omega Ratio Rank
DRFU.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
DRFU.TO Martin Ratio Rank: 8989
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.

XMU.TO vs. DRFU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) and Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.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.

XMU.TODRFU.TODifference
Sharpe ratioReturn per unit of total volatility
0.35
2.09

-1.74

Sortino ratioReturn per unit of downside risk
0.55
3.60

-3.04

Omega ratioGain probability vs. loss probability

1.07

1.61

-0.54

Calmar ratioReturn relative to maximum drawdown

0.43

4.23

-3.80

Martin ratioReturn relative to average drawdown

0.89

15.29

-14.40

XMU.TO vs. DRFU.TO - Sharpe Ratio Comparison

The current XMU.TO Sharpe Ratio is 0.35, which is lower than the DRFU.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XMU.TO and DRFU.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

XMU.TO vs. DRFU.TO - Drawdown Comparison

The maximum XMU.TO drawdown since its inception was -27.31%, which is greater than DRFU.TO's maximum drawdown of -19.89%. Use the drawdown chart below to compare losses from any high point for XMU.TO and DRFU.TO.

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Drawdown Indicators

XMU.TODRFU.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.31%

-19.89%

-7.42%

Max Drawdown (1Y)

Largest decline over 1 year

-8.45%

-6.89%

-1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-10.97%

-19.89%

+8.92%

Max Drawdown (5Y)

Largest decline over 5 years

-20.59%

-19.89%

-0.70%

Max Drawdown (10Y)

Largest decline over 10 years

-27.31%

—

—

Current Drawdown

Current decline from peak

-3.23%

0.00%

-3.23%

Average Drawdown

Average peak-to-trough decline

-4.53%

-4.91%

+0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

1.90%

+2.22%

Volatility

XMU.TO vs. DRFU.TO - Volatility Comparison

iShares MSCI Min Vol USA Index ETF (XMU.TO) has a higher volatility of 3.65% compared to Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) at 2.31%. This indicates that XMU.TO's price experiences larger fluctuations and is considered to be riskier than DRFU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMU.TODRFU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.65%

2.31%

+1.34%

Volatility (6M)

Calculated over the trailing 6-month period

6.75%

11.31%

-4.56%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

13.97%

-3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.70%

16.37%

-1.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.09%

16.49%

+0.60%

Dividends

XMU.TO vs. DRFU.TO - Dividend Comparison

XMU.TO's dividend yield for the trailing twelve months is around 1.15%, more than DRFU.TO's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
DRFU.TO
Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF		1.01%0.76%0.60%0.80%1.05%1.08%1.38%1.37%0.41%0.00%0.00%0.00%
XMU.TO
iShares MSCI Min Vol USA Index ETF		1.15%1.13%1.19%1.41%1.17%1.09%1.72%1.47%1.51%1.63%1.87%1.46%

Frequently Asked Questions

XMU.TO and DRFU.TO have a correlation of 0.11, 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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