VS
Fidelity Canadian Long/Short Alternative Fund (FCLS) and Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC) 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 DRMC leans towards Financials, Energy, and Materials. When evaluating costs, FCLS features a management fee (MER) of 0.95%, compared to 0.15% for DRMC. Performance-wise, FCLS has returned 5.87% year-to-date with -$0 M in net flows, whereas DRMC is at 8.74% with +$32 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
DRMC
| AuM | $9.46 M | $99.38 M |
| Management Fees | 0.95% | 0.15% |
| Exp. ratio | 1.27% | 0.17% |
| 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% | - |
DRMC | +1.46% | +4.41% | +8.74% | +33.86% | +93.78% | |
| Flows | FCLS | +$0 M | +$0 M | -$0 M | -$0 M | - |
DRMC | +$0 M | +$0 M | +$32 M | +$39 M | +$41 M |
FCLS vs DRMC exposure
Countries
FCLS
Canada
82.41%
Other
17.59%
DRMC
Canada
99.88%
Sectors
FCLS
Other
23.48%
Financials
22.45%
Materials
20.82%
Industrials
9.53%
Information Technology
7.32%
Other
16.40%
DRMC
Financials
31.73%
Energy
17.88%
Materials
16.81%
Other
12.53%
Other
21.05%
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%
DRMC
ROYAL BK CANADA
7.17%
TORONTO DOMINION
5.34%
SHOPIFY SUBORDINATE VOTING
4.21%
ENBRIDGE
4.01%
AGNICO EAGLE MINES LTD
3.15%
CDN IMPERIAL BK
3.06%
BNS
2.99%
CA11271J1075
2.65%
BANK OF MONTREAL
2.63%
TC ENERGY CORP
2.42%
Diversification
FCLS
Total weight of top 10 holdings out of 143 total
27.37%
DRMC
Total weight of top 10 holdings out of 257 total
37.63%
Characteristics
Compare
FCLS
DRMC
| 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% | 3.07% |
| Meets ESG criteria | No | Yes |
| Inception Date | February 1, 2024 | September 27, 2018 |
Frequently asked questions about FCLS and DRMC
Which ETF has performed better year to date: FCLS or DRMC?
As of June 11, 2026, FCLS has returned 5.87% year to date, while DRMC has returned 8.74%. DRMC is ahead on YTD performance.
Which ETF is larger by assets under management: FCLS or DRMC?
As of June 11, 2026, FCLS manages $9.46 M in assets, while DRMC manages $99.38 M. DRMC is the larger fund by AUM.
How are FCLS and DRMC managed?
FCLS is actively managed by Fidelity. It does not track an index. DRMC is actively managed by Desjardins Investments. It does not track an index.
What sectors do FCLS and DRMC emphasize?
FCLS is most exposed to Financials, Materials, and Industrials. DRMC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: FCLS or DRMC?
Year to date, FCLS has seen -$0.01 M in net flows, compared with +$32.31 M for DRMC. DRMC has attracted more net investor money so far.
How do the fees of FCLS and DRMC compare?
FCLS has an expense ratio of 1.27%, while DRMC has an expense ratio of 0.17%.
What are the top holdings of FCLS and DRMC?
FCLS's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. DRMC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: FCLS or DRMC?
FCLS holds 140 securities, while DRMC holds 222. On holdings count, DRMC is the more diversified portfolio.
Recent articles about FCLS and DRMC
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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.