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Compare CI Morningstar National Bank Québec Index ETF (QXM) vs Desjardins RI Canada - Net-Zero Emissions Pathway ETF (DRMC) to find the best fit for your portfolio. QXM provides Industrials, Finance, and Consumer Non-Cyclicals exposures, while DRMC is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, QXM features a management fee (MER) of 0.5%, compared to 0.15% for DRMC. Performance-wise, QXM has returned 4.96% year-to-date with +$2 M in net flows, whereas DRMC is at 12.55% with +$35 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
QXM
DRMC
| AuM | $90.77 M | $104.53 M |
| Management Fees | 0.50% | 0.15% |
| Exp. ratio | 0.55% | 0.17% |
| Tracking Difference | -0.22% | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QXM | -0.25% | -2.41% | +4.96% | +12.05% | +64.11% |
DRMC | +1.48% | +1.68% | +12.55% | +19.01% | +101.82% | |
| Flows | QXM | +$0 M | +$0 M | +$2 M | +$2 M | -$8 M |
DRMC | -$1 M | +$1 M | +$35 M | +$36 M | +$41 M |
QXM vs DRMC exposure
Countries
QXM
Canada
99.98%
DRMC
Canada
97.32%
Sectors
QXM
Industrials
30.57%
Finance
16.97%
Consumer Non-Cyclicals
12.85%
Non-Energy Materials
12.73%
Consumer Cyclicals
11.29%
Telecommunications
8.40%
Other
7.19%
DRMC
Finance
42.03%
Non-Energy Materials
19.30%
Energy
15.74%
Industrials
7.65%
Other
15.28%
As of October 16, 2026
Top 10 Holdings
QXM
iA Financial Corp., Inc.
5.54%
CGI, Inc.
5.52%
Power Corp of Canada
5.42%
National Bank of Canada
5.10%
WSP Global, Inc.
5.05%
Canadian National Railway Co.
5.03%
Alimentation Couche-Tard, Inc.
5.01%
Bombardier, Inc.
4.86%
Dollarama, Inc.
4.81%
BCE, Inc.
4.74%
DRMC
Royal Bank of Canada
8.04%
The Toronto-Dominion Bank
5.69%
Shopify, Inc.
4.55%
Enbridge, Inc.
3.50%
Agnico Eagle Mines Ltd.
3.32%
The Bank of Nova Scotia
3.06%
Canadian Imperial Bank of Commerce
2.95%
Bank of Montreal
2.47%
Wheaton Precious Metals Corp.
2.42%
Canadian Pacific Kansas City Ltd.
2.33%
Diversification
QXM
Total weight of top 10 holdings out of 49 total
51.07%
DRMC
Total weight of top 10 holdings out of 257 total
38.33%
Characteristics
Compare
QXM
DRMC
| Provider | CI | Desjardins Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Morningstar National Bank Quebec Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.99% | 2.69% |
| Meets ESG criteria | No | Yes |
| Inception Date | February 2, 2012 | September 27, 2018 |
Frequently asked questions about QXM and DRMC
Which ETF has performed better year to date: QXM or DRMC?
As of October 16, 2026, QXM has returned 4.96% year to date, while DRMC has returned 12.55%. DRMC is ahead on YTD performance.
Which ETF is larger by assets under management: QXM or DRMC?
As of October 16, 2026, QXM manages $90.77 M in assets, while DRMC manages $104.53 M. DRMC is the larger fund by AUM.
How are QXM and DRMC managed?
QXM is passively managed by CI. It tracks the Morningstar National Bank Quebec Total Return Index - CAD benchmark. DRMC is actively managed by Desjardins Investments. It does not track an index.
What sectors do QXM and DRMC emphasize?
QXM is most exposed to Industrials, Finance, and Consumer Non-Cyclicals. DRMC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: QXM or DRMC?
Year to date, QXM has seen +$1.95 M in net flows, compared with +$34.59 M for DRMC. DRMC has attracted more net investor money so far.
How do the fees of QXM and DRMC compare?
QXM has an expense ratio of 0.55%, while DRMC has an expense ratio of 0.17%.
What are the top holdings of QXM and DRMC?
QXM's largest holdings include iA Financial Corp., Inc., CGI, Inc., and Power Corp of Canada. DRMC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: QXM or DRMC?
QXM holds 49 securities, while DRMC holds 256. On holdings count, DRMC is the more diversified portfolio.
Recent articles about QXM and DRMC
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