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Compare Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC) vs iShares ESG MSCI Canada Index ETF (XESG) to find the best fit for your portfolio. DRFC and XESG provide the same top sector exposures: Finance, Non-Energy Materials, and Energy. When evaluating costs, DRFC features a management fee (MER) of 0.5%, compared to 0.15% for XESG. Performance-wise, DRFC has returned 13.03% year-to-date with +$368 M in net flows, whereas XESG is at 16.57% with +$24 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
DRFC
XESG
| AuM | $659.33 M | $661.35 M |
| Management Fees | 0.50% | 0.15% |
| Exp. ratio | 0.46% | 0.17% |
| Tracking Difference | - | -0.21% |
Historical performance and flows
As of November 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DRFC | +1.40% | -0.04% | +13.03% | +28.22% | +115.80% |
XESG | +1.74% | +0.10% | +16.57% | +21.71% | +99.67% | |
| Flows | DRFC | +$3 M | +$283 M | +$368 M | +$373 M | +$236 M |
XESG | +$2 M | -$2 M | +$24 M | +$11 M | +$31 M |
DRFC vs XESG exposure
Countries
DRFC
Canada
98.66%
XESG
Canada
98.45%
Sectors
DRFC
Finance
45.80%
Non-Energy Materials
17.16%
Energy
13.95%
Industrials
8.96%
Other
14.13%
XESG
Finance
45.79%
Non-Energy Materials
19.70%
Energy
16.29%
Other
18.22%
As of November 9, 2026
Top 10 Holdings
DRFC
Royal Bank of Canada
7.07%
The Toronto-Dominion Bank
6.66%
Shopify, Inc.
4.03%
Enbridge, Inc.
3.88%
Canadian Imperial Bank of Commerce
3.70%
Bank of Montreal
3.59%
Agnico Eagle Mines Ltd.
3.55%
The Bank of Nova Scotia
3.10%
Manulife Financial Corp.
2.88%
Franco-Nevada Corp.
2.29%
XESG
Royal Bank of Canada
8.35%
The Toronto-Dominion Bank
6.16%
Shopify, Inc.
5.21%
The Bank of Nova Scotia
4.12%
Enbridge, Inc.
3.68%
Canadian Imperial Bank of Commerce
3.46%
Bank of Montreal
3.08%
Manulife Financial Corp.
3.04%
Canadian Natural Resources Ltd.
2.90%
Wheaton Precious Metals Corp.
2.84%
Diversification
DRFC
Total weight of top 10 holdings out of 75 total
40.75%
XESG
Total weight of top 10 holdings out of 128 total
42.84%
Characteristics
Compare
DRFC
XESG
| Provider | Desjardins Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada IMI Extended ESG Focus Gross Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 9.06% | 1.89% |
| Meets ESG criteria | Yes | Yes |
| Inception Date | September 27, 2018 | March 18, 2019 |
Frequently asked questions about DRFC and XESG
Which ETF has performed better year to date: DRFC or XESG?
As of November 9, 2026, DRFC has returned 13.03% year to date, while XESG has returned 16.57%. XESG is ahead on YTD performance.
Which ETF is larger by assets under management: DRFC or XESG?
As of November 9, 2026, DRFC manages $659.33 M in assets, while XESG manages $661.35 M. XESG is the larger fund by AUM.
How are DRFC and XESG managed?
DRFC is actively managed by Desjardins Investments. It does not track an index. XESG is passively managed by iShares. It tracks the MSCI Canada IMI Extended ESG Focus Gross Return Index - CAD benchmark.
What sectors do DRFC and XESG emphasize?
DRFC is most exposed to Finance, Non-Energy Materials, and Energy. XESG is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: DRFC or XESG?
Year to date, DRFC has seen +$368.46 M in net flows, compared with +$23.91 M for XESG. DRFC has attracted more net investor money so far.
How do the fees of DRFC and XESG compare?
DRFC has an expense ratio of 0.46%, while XESG has an expense ratio of 0.17%.
What are the top holdings of DRFC and XESG?
DRFC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. XESG's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: DRFC or XESG?
DRFC holds 75 securities, while XESG holds 128. On holdings count, XESG is the more diversified portfolio.
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