ZEQT.TO vs. DRFG.TO
ZEQT.TO (BMO All-Equity ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, ZEQT.TO returned 24.08%/yr vs 23.18%/yr for DRFG.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
ZEQT.TO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZEQT.TO achieves a 12.81% return, which is significantly lower than DRFG.TO's 13.90% return.
ZEQT.TO
- 1D
- -0.91%
- 1M
- -0.89%
- 6M
- 8.41%
- YTD
- 12.81%
- 1Y
- 25.66%
- 3Y*
- 24.08%
- 5Y*
- —
- 10Y*
- —
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
ZEQT.TO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 12.81% | 21.71% | 30.06% | 22.28% | -0.83% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 12.68% | -6.40% |
Correlation
The correlation between ZEQT.TO and DRFG.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.49 |
Over the past year, ZEQT.TO and DRFG.TO have become more correlated (0.71) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
ZEQT.TO vs. DRFG.TO — Risk / Return Rank
ZEQT.TO
DRFG.TO
ZEQT.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.
| ZEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.48 | -0.53 |
| Martin ratioReturn relative to average drawdown | 12.04 | 13.73 | -1.69 |
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Drawdowns
ZEQT.TO vs. DRFG.TO - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -15.18%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and DRFG.TO.
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Drawdown Indicators
| ZEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -27.73% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -8.40% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -16.44% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.09% | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.91% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -4.62% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.13% | +0.01% |
Volatility
ZEQT.TO vs. DRFG.TO - Volatility Comparison
The current volatility for BMO All-Equity ETF (ZEQT.TO) is 3.06%, while Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) has a volatility of 3.31%. This indicates that ZEQT.TO experiences smaller price fluctuations and is considered to be less risky than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEQT.TO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 3.31% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 10.85% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 12.99% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 12.73% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.47% | 14.24% | -0.77% |
Dividends
ZEQT.TO vs. DRFG.TO - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.29%, less than DRFG.TO's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
ZEQT.TO BMO All-Equity ETF | 1.29% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZEQT.TO and DRFG.TO have a correlation of 0.71, 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: BMO and Desjardins.
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