ZLI.TO vs. DRMD.TO
ZLI.TO (BMO Low Volatility International Equity ETF) and DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 5 years, ZLI.TO returned 5.88%/yr vs 11.15%/yr for DRMD.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
ZLI.TO vs. DRMD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZLI.TO achieves a 5.88% return, which is significantly lower than DRMD.TO's 11.41% return.
ZLI.TO
- 1D
- 0.47%
- 1M
- 2.99%
- 6M
- 3.99%
- YTD
- 5.88%
- 1Y
- 6.48%
- 3Y*
- 11.29%
- 5Y*
- 5.88%
- 10Y*
- 5.96%
DRMD.TO
- 1D
- -0.44%
- 1M
- -0.94%
- 6M
- 6.36%
- YTD
- 11.41%
- 1Y
- 22.63%
- 3Y*
- 18.01%
- 5Y*
- 11.15%
- 10Y*
- —
ZLI.TO vs. DRMD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZLI.TO BMO Low Volatility International Equity ETF | 5.88% | 13.39% | 11.93% | 9.09% | -9.80% | 6.79% | 9.49% |
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 11.41% | 27.57% | 11.54% | 13.94% | -8.20% | 9.85% | 20.29% |
Correlation
The correlation between ZLI.TO and DRMD.TO is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.35 |
Over the past year, ZLI.TO and DRMD.TO have become more correlated (0.60) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
ZLI.TO vs. DRMD.TO — Risk / Return Rank
ZLI.TO
DRMD.TO
ZLI.TO vs. DRMD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility International Equity ETF (ZLI.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.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.
| ZLI.TO | DRMD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.95 | -1.17 |
| Martin ratioReturn relative to average drawdown | 1.83 | 7.78 | -5.95 |
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Drawdowns
ZLI.TO vs. DRMD.TO - Drawdown Comparison
The maximum ZLI.TO drawdown since its inception was -24.66%, which is greater than DRMD.TO's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for ZLI.TO and DRMD.TO.
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Drawdown Indicators
| ZLI.TO | DRMD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -23.39% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -11.65% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | -14.40% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -23.39% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -24.66% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -3.18% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.02% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.92% | +0.63% |
Volatility
ZLI.TO vs. DRMD.TO - Volatility Comparison
The current volatility for BMO Low Volatility International Equity ETF (ZLI.TO) is 1.97%, while Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) has a volatility of 3.23%. This indicates that ZLI.TO experiences smaller price fluctuations and is considered to be less risky than DRMD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLI.TO | DRMD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 3.23% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 11.26% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.39% | 13.64% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 13.87% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 13.87% | -1.66% |
Dividends
ZLI.TO vs. DRMD.TO - Dividend Comparison
ZLI.TO's dividend yield for the trailing twelve months is around 2.13%, while DRMD.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 0.00% | 0.00% | 12.27% | 1.86% | 2.45% | 2.04% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLI.TO BMO Low Volatility International Equity ETF | 2.13% | 2.24% | 2.48% | 2.70% | 2.87% | 2.51% | 2.66% | 2.36% | 2.49% | 2.25% | 2.02% | 0.91% |
Frequently Asked Questions
ZLI.TO and DRMD.TO have a correlation of 0.60, 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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