ZLH.TO vs. DRMU.TO
ZLH.TO (BMO Low Volatility US Equity Hedged to CAD ETF) and DRMU.TO (Desjardins RI USA Net-Zero Emissions Pathway ETF) are both Large Cap Blend Equities funds. Over the past 5 years, ZLH.TO returned 6.51%/yr vs 14.19%/yr for DRMU.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
ZLH.TO vs. DRMU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZLH.TO achieves a 9.24% return, which is significantly lower than DRMU.TO's 12.75% return.
ZLH.TO
- 1D
- 1.38%
- 1M
- 0.91%
- 6M
- 6.33%
- YTD
- 9.24%
- 1Y
- 9.74%
- 3Y*
- 8.69%
- 5Y*
- 6.51%
- 10Y*
- 7.35%
DRMU.TO
- 1D
- 0.02%
- 1M
- 0.85%
- 6M
- 9.72%
- YTD
- 12.75%
- 1Y
- 24.21%
- 3Y*
- 21.52%
- 5Y*
- 14.19%
- 10Y*
- —
ZLH.TO vs. DRMU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 9.24% | 5.90% | 10.95% | -2.11% | 0.20% | 22.07% | 2.34% | 25.20% | -7.24% |
DRMU.TO Desjardins RI USA Net-Zero Emissions Pathway ETF | 12.75% | 11.60% | 34.78% | 24.94% | -16.67% | 26.25% | 20.57% | 24.54% | -8.47% |
Correlation
The correlation between ZLH.TO and DRMU.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.22 |
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Return for Risk
ZLH.TO vs. DRMU.TO — Risk / Return Rank
ZLH.TO
DRMU.TO
ZLH.TO vs. DRMU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) and Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.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.
| ZLH.TO | DRMU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.62 | -1.29 |
| Martin ratioReturn relative to average drawdown | 3.22 | 9.31 | -6.10 |
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Drawdowns
ZLH.TO vs. DRMU.TO - Drawdown Comparison
The maximum ZLH.TO drawdown since its inception was -33.34%, which is greater than DRMU.TO's maximum drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for ZLH.TO and DRMU.TO.
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Drawdown Indicators
| ZLH.TO | DRMU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -24.56% | -8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -9.17% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -10.17% | -19.69% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.66% | -24.56% | +9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.96% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -4.62% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.58% | +0.45% |
Volatility
ZLH.TO vs. DRMU.TO - Volatility Comparison
BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) has a higher volatility of 4.67% compared to Desjardins RI USA Net-Zero Emissions Pathway ETF (DRMU.TO) at 4.06%. This indicates that ZLH.TO's price experiences larger fluctuations and is considered to be riskier than DRMU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLH.TO | DRMU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 4.06% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 10.24% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 12.83% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 15.21% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 15.56% | -1.72% |
Dividends
ZLH.TO vs. DRMU.TO - Dividend Comparison
ZLH.TO's dividend yield for the trailing twelve months is around 1.74%, more than DRMU.TO's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRMU.TO Desjardins RI USA Net-Zero Emissions Pathway ETF | 0.78% | 0.85% | 0.77% | 1.04% | 1.17% | 1.08% | 1.25% | 1.34% | 0.41% | 0.00% | 0.00% |
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 1.74% | 1.92% | 2.25% | 2.45% | 2.12% | 1.84% | 1.95% | 1.55% | 2.00% | 1.93% | 2.02% |
Frequently Asked Questions
ZLH.TO and DRMU.TO have a correlation of 0.19, 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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