XSEM.TO vs. DRFE.TO
XSEM.TO (iShares ESG Aware MSCI Emerging Markets Index ETF) and DRFE.TO (Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF) are both Emerging Markets Equities funds. XSEM.TO is passively managed, while DRFE.TO is actively managed. Over the past 5 years, XSEM.TO returned 6.83%/yr vs 11.04%/yr for DRFE.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
XSEM.TO vs. DRFE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSEM.TO achieves a 16.27% return, which is significantly lower than DRFE.TO's 17.85% return.
XSEM.TO
- 1D
- -1.31%
- 1M
- -7.56%
- 6M
- 11.39%
- YTD
- 16.27%
- 1Y
- 28.06%
- 3Y*
- 19.68%
- 5Y*
- 6.83%
- 10Y*
- —
DRFE.TO
- 1D
- -1.72%
- 1M
- -8.01%
- 6M
- 10.15%
- YTD
- 17.85%
- 1Y
- 22.92%
- 3Y*
- 20.19%
- 5Y*
- 11.04%
- 10Y*
- —
XSEM.TO vs. DRFE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSEM.TO iShares ESG Aware MSCI Emerging Markets Index ETF | 16.27% | 27.51% | 14.79% | 7.01% | -17.30% | -3.60% | 15.64% | 5.18% |
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% | -1.67% |
Correlation
The correlation between XSEM.TO and DRFE.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 (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.40 |
Over the past year, XSEM.TO and DRFE.TO have become more correlated (0.90) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
XSEM.TO vs. DRFE.TO — Risk / Return Rank
XSEM.TO
DRFE.TO
XSEM.TO vs. DRFE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.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.
| XSEM.TO | DRFE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.87 | +0.42 |
| Martin ratioReturn relative to average drawdown | 7.11 | 5.81 | +1.30 |
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Drawdowns
XSEM.TO vs. DRFE.TO - Drawdown Comparison
The maximum XSEM.TO drawdown since its inception was -37.09%, which is greater than DRFE.TO's maximum drawdown of -25.26%. Use the drawdown chart below to compare losses from any high point for XSEM.TO and DRFE.TO.
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Drawdown Indicators
| XSEM.TO | DRFE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.09% | -25.26% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -12.31% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -14.27% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -21.05% | -11.54% |
Current DrawdownCurrent decline from peak | -11.27% | -11.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -6.88% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.96% | -0.01% |
Volatility
XSEM.TO vs. DRFE.TO - Volatility Comparison
iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) has a higher volatility of 10.55% compared to Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE.TO) at 9.91%. This indicates that XSEM.TO's price experiences larger fluctuations and is considered to be riskier 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
| XSEM.TO | DRFE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 9.91% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 19.43% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.51% | 21.09% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 16.61% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 17.23% | +1.60% |
Dividends
XSEM.TO vs. DRFE.TO - Dividend Comparison
XSEM.TO's dividend yield for the trailing twelve months is around 1.61%, less than DRFE.TO's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XSEM.TO iShares ESG Aware MSCI Emerging Markets Index ETF | 1.61% | 1.78% | 2.08% | 1.10% | 2.25% | 2.45% | 1.14% | 2.41% |
Frequently Asked Questions
XSEM.TO and DRFE.TO have a correlation of 0.90, 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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