VS
Fidelity Canadian Long/Short Alternative Fund (FCLS) and Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCLS focuses its top 3 sector exposures on Financials, Materials, and Industrials, while DRFC leans towards Financials, Energy, and Materials. When evaluating costs, FCLS features a management fee (MER) of 0.95%, compared to 0.5% for DRFC. Performance-wise, FCLS has returned 5.87% year-to-date with -$0 M in net flows, whereas DRFC is at 8.97% with +$73 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
FCLS
DRFC
| AuM | $9.46 M | $355.16 M |
| Management Fees | 0.95% | 0.50% |
| Exp. ratio | 1.27% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCLS | -1.41% | +3.97% | +5.87% | +19.29% | - |
DRFC | +1.32% | +4.85% | +8.97% | +42.55% | +112.11% | |
| Flows | FCLS | +$0 M | +$0 M | -$0 M | -$0 M | - |
DRFC | +$17 M | +$42 M | +$73 M | +$64 M | -$50 M |
FCLS vs DRFC exposure
Countries
FCLS
Canada
82.41%
Other
17.59%
DRFC
Canada
99.68%
Sectors
FCLS
Other
23.48%
Financials
22.45%
Materials
20.82%
Industrials
9.53%
Information Technology
7.32%
Other
16.40%
DRFC
Financials
33.70%
Energy
15.32%
Materials
13.98%
Other
10.63%
Other
26.37%
As of June 11, 2026
Top 10 Holdings
FCLS
ROYAL BK CANADA
3.18%
TORONTO DOMINION
3.05%
BANK OF MONTREAL
2.88%
CA1130041058
2.86%
GREAT WEST LIFECO
2.73%
POWER CORPORATION OF CANADA
2.64%
FORTIS
2.59%
TELUS
2.58%
EMERA
2.46%
IA FINANCIAL CORP
2.38%
DRFC
TORONTO DOMINION
6.47%
ROYAL BK CANADA
6.27%
ENBRIDGE
5.10%
AGNICO EAGLE MINES LTD
4.00%
CDN IMPERIAL BK
3.68%
SHOPIFY SUBORDINATE VOTING
3.24%
BANK OF MONTREAL
3.20%
MANULIFE-S
3.10%
CA11271J1075
3.02%
BNS
2.60%
Diversification
FCLS
Total weight of top 10 holdings out of 143 total
27.37%
DRFC
Total weight of top 10 holdings out of 74 total
40.69%
Characteristics
Compare
FCLS
DRFC
| Provider | Fidelity | Desjardins Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.62% | 9.83% |
| Meets ESG criteria | No | Yes |
| Inception Date | February 1, 2024 | September 27, 2018 |
Frequently asked questions about FCLS and DRFC
Which ETF has performed better year to date: FCLS or DRFC?
As of June 11, 2026, FCLS has returned 5.87% year to date, while DRFC has returned 8.97%. DRFC is ahead on YTD performance.
Which ETF is larger by assets under management: FCLS or DRFC?
As of June 11, 2026, FCLS manages $9.46 M in assets, while DRFC manages $355.16 M. DRFC is the larger fund by AUM.
How are FCLS and DRFC managed?
FCLS is actively managed by Fidelity. It does not track an index. DRFC is actively managed by Desjardins Investments. It does not track an index.
What sectors do FCLS and DRFC emphasize?
FCLS is most exposed to Financials, Materials, and Industrials. DRFC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: FCLS or DRFC?
Year to date, FCLS has seen -$0.01 M in net flows, compared with +$73.17 M for DRFC. DRFC has attracted more net investor money so far.
How do the fees of FCLS and DRFC compare?
FCLS has an expense ratio of 1.27%, while DRFC has an expense ratio of 0.46%.
What are the top holdings of FCLS and DRFC?
FCLS's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. DRFC's top holdings include TORONTO DOMINION and ROYAL BK CANADA.
Which ETF is more diversified: FCLS or DRFC?
FCLS holds 140 securities, while DRFC holds 65. On holdings count, FCLS is the more diversified portfolio.
Recent articles about FCLS and DRFC
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.