For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers

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DGLM.TO - Desjardins Global Macro ETF

Desjardins lists it; Graham Capital runs the systematic global-macro book across equities, rates, commodities, and currencies.

Alpha Efficiency:CAlpha Efficiency grades how much return this ETF generates above the risk-free rate, independent of the equity market. SPY sets the B baseline. A higher grade means more return per unit of non-equity risk. DGLM is Desjardins’ long/short global macro sleeve, sub-advised by Graham Capital. It trades futures and forwards across rates, FX, commodities, and selective equity beta.

DGLM price history

Range
+6.37%
Total return (1Y)
DGLM.TO

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

Futures and forwards across rates, FX, commodities, and some equity beta. Weights can swing month to month as signals change.

The fund uses leverage and shorts on macro instruments. Exposure bands and default hedging shift with the model.

Manager and Issuer Pedigree

Desjardins Global Asset Management sits inside one of Canada’s largest cooperative groups; Desjardins Group reported about $123 billion in AUM at Dec. 31, 2025. That is real ops muscle behind a small listed sleeve.

Graham is a Connecticut macro/CTA shop. You get that research engine on a TSX ticker, with Desjardins as manager and Graham as sub-adviser.

Outperformance

Outperforms when macro variables diverge: curve steepeners, dollar trends, commodity shocks, with enough persistence that systematic sleeves earn after fees.

Underperforms in whipsaw macro where signals flip quickly; favorable tape is clean trends with liquid futures, not single-meeting Fed reversals.

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Desjardins (DGLM).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.

Grades above are based on 4–11 months of live data and should be treated as provisional. Short history may not capture a full market-cycle.