^GSPTXDV vs. SCHD

Last updated Jun 5, 2026

^GSPTXDV (S&P/TSX Dividend Aristocrats) is an index, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, ^GSPTXDV returned 6.28%/yr vs 12.64%/yr for SCHD. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

^GSPTXDV vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P/TSX Dividend Aristocrats (^GSPTXDV) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^GSPTXDV achieves a 13.12% return, which is significantly lower than SCHD's 18.75% return. Over the past 10 years, ^GSPTXDV has underperformed SCHD with an annualized return of 6.28%, while SCHD has yielded a comparatively higher 12.64% annualized return.

^GSPTXDV

• 1D: 0.74%
• 1M: 3.70%
• YTD: 13.12%
• 6M: 14.34%
• 1Y: 24.75%
• 3Y*: 15.24%
• 5Y*: 8.25%
• 10Y*: 6.28%

SCHD

• 1D: -0.89%
• 1M: 2.02%
• YTD: 18.75%
• 6M: 18.75%
• 1Y: 27.90%
• 3Y*: 15.14%
• 5Y*: 8.31%
• 10Y*: 12.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^GSPTXDV vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GSPTXDV S&P/TSX Dividend Aristocrats	13.12%	14.03%	15.52%	5.07%	-7.83%	20.93%	-6.87%	20.90%	-12.66%	1.27%
SCHD Schwab U.S. Dividend Equity ETF	18.75%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between ^GSPTXDV and SCHD is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.64

The correlation between ^GSPTXDV and SCHD shifts across timeframes, from 0.53 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

^GSPTXDV vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GSPTXDV

^GSPTXDV Risk / Return Rank: 97
^GSPTXDV Sharpe Ratio Rank: 97
^GSPTXDV Sortino Ratio Rank: 98
^GSPTXDV Omega Ratio Rank: 97
^GSPTXDV Calmar Ratio Rank: 96
^GSPTXDV Martin Ratio Rank: 98

SCHD

SCHD Risk / Return Rank: 83
SCHD Sharpe Ratio Rank: 80
SCHD Sortino Ratio Rank: 88
SCHD Omega Ratio Rank: 78
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^GSPTXDV vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P/TSX Dividend Aristocrats (^GSPTXDV) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^GSPTXDV	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	3.49	2.55	+0.94
Sortino ratio: Return per unit of downside risk	5.16	3.94	+1.22
Omega ratio: Gain probability vs. loss probability	1.68	1.46	+0.22
Calmar ratio: Return relative to maximum drawdown	5.65	6.07	-0.42
Martin ratio: Return relative to average drawdown	21.97	14.90	+7.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GSPTXDV vs. SCHD - Sharpe Ratio Comparison

The current ^GSPTXDV Sharpe Ratio is 3.49, which is higher than the SCHD Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of ^GSPTXDV and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^GSPTXDV	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	2.55	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.58	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.76	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.86	-0.53

Drawdowns

^GSPTXDV vs. SCHD - Drawdown Comparison

The maximum ^GSPTXDV drawdown since its inception was -46.09%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for ^GSPTXDV and SCHD.

Drawdown Indicators

	^GSPTXDV	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-46.09%	-33.37%	-12.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.39%	-4.61%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-16.13%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-20.09%	-16.85%	-3.24%
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	-33.37%	-12.72%
Current Drawdown Current decline from peak	0.00%	-1.61%	+1.61%
Average Drawdown Average peak-to-trough decline	-7.07%	-3.32%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	1.88%	-0.75%

Volatility

^GSPTXDV vs. SCHD - Volatility Comparison

The current volatility for S&P/TSX Dividend Aristocrats (^GSPTXDV) is 1.91%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.87%. This indicates that ^GSPTXDV experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GSPTXDV	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	2.87%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	7.61%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	7.12%	10.98%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.66%	14.38%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	16.72%	-2.12%

Frequently Asked Questions

Can I hold both ^GSPTXDV and SCHD in my portfolio?

^GSPTXDV and SCHD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^GSPTXDV or SCHD?

SCHD has higher volatility (2.87%) compared to ^GSPTXDV (1.91%). In terms of maximum drawdown, ^GSPTXDV dropped -46.09% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

^GSPTXDV currently has the higher Sharpe Ratio (3.49 vs 2.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.