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BND.TO vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND.TO vs. SCHD

Last updated Jun 24, 2026

BND.TO (Purpose Global Bond Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BND.TO is a Global Bonds fund, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. BND.TO is actively managed, while SCHD is passively managed. Over the past 10 years, BND.TO returned 3.04%/yr vs 13.84%/yr for SCHD. At a 0.10 correlation, their price movements are largely independent.

Performance

BND.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Global Bond Fund (BND.TO) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BND.TO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BND.TO achieves a 1.55% return, which is significantly lower than SCHD's 21.76% return. Over the past 10 years, BND.TO has underperformed SCHD with an annualized return of 3.04%, while SCHD has yielded a comparatively higher 13.84% annualized return.

BND.TO

1D
0.22%
1M
1.11%
YTD
1.55%
6M
1.75%
1Y
5.96%
3Y*
7.48%
5Y*
3.28%
10Y*
3.04%

SCHD

1D
0.34%
1M
0.29%
YTD
21.76%
6M
20.80%
1Y
28.42%
3Y*
17.49%
5Y*
11.82%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BND.TO
Purpose Global Bond Fund		1.55%7.26%7.49%8.45%-7.80%2.62%6.14%4.16%-0.91%1.72%
SCHD
Schwab U.S. Dividend Equity ETF		21.71%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between BND.TO and SCHD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2015

0.10

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Global Bond Fund

Schwab U.S. Dividend Equity ETF

Often compared with BND.TO:
BND.TO vs. SGOVBND.TO vs. SPYBND.TO vs. JEPIBND.TO vs. BNDBND.TO vs. SCHIBND.TO vs. FALNBND.TO vs. VTABX
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

BND.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND.TO
BND.TO Risk / Return Rank: 5656
Overall Rank
BND.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
BND.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
BND.TO Omega Ratio Rank: 6363
Omega Ratio Rank
BND.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
BND.TO Martin Ratio Rank: 5252
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 7777
Overall Rank
SCHD Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8080
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7070
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9090
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7171
Martin Ratio Rank
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.

BND.TO vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BND.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.91
2.40

-0.49

Sortino ratioReturn per unit of downside risk
2.79
3.65

-0.86

Omega ratioGain probability vs. loss probability

1.36

1.42

-0.05

Calmar ratioReturn relative to maximum drawdown

2.09

6.89

-4.80

Martin ratioReturn relative to average drawdown

8.59

17.18

-8.59

BND.TO vs. SCHD - Sharpe Ratio Comparison

The current BND.TO Sharpe Ratio is 1.91, which is comparable to the SCHD Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of BND.TO 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.

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Drawdowns

BND.TO vs. SCHD - Drawdown Comparison

The maximum BND.TO drawdown since its inception was -16.55%, smaller than the maximum SCHD drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for BND.TO and SCHD.

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Drawdown Indicators

BND.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-16.55%

-27.31%

+10.76%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-4.14%

+1.27%

Max Drawdown (3Y)

Largest decline over 3 years

-4.46%

-15.24%

+10.78%

Max Drawdown (5Y)

Largest decline over 5 years

-12.43%

-15.24%

+2.81%

Max Drawdown (10Y)

Largest decline over 10 years

-16.55%

-27.31%

+10.76%

Current Drawdown

Current decline from peak

-0.11%

-1.09%

+0.98%

Average Drawdown

Average peak-to-trough decline

-2.10%

-3.04%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.70%

1.66%

-0.96%

Volatility

BND.TO vs. SCHD - Volatility Comparison

The current volatility for Purpose Global Bond Fund (BND.TO) is 1.22%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.95%. This indicates that BND.TO 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.

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Volatility by Period

BND.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

3.95%

-2.73%

Volatility (6M)

Calculated over the trailing 6-month period

2.72%

8.73%

-6.01%

Volatility (1Y)

Calculated over the trailing 1-year period

3.14%

11.90%

-8.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.10%

15.56%

-10.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.15%

17.83%

-12.68%

Dividends

BND.TO vs. SCHD - Dividend Comparison

BND.TO's dividend yield for the trailing twelve months is around 5.82%, more than SCHD's 3.30% yield.

PositionTTM20252024202320222021202020192018201720162015
BND.TO
Purpose Global Bond Fund		5.82%5.70%5.24%5.20%4.14%3.67%3.48%3.11%3.96%3.47%3.26%0.53%
SCHD
Schwab U.S. Dividend Equity ETF		3.30%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

BND.TO and SCHD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BND.TO is categorized as Global Bonds, while SCHD is Dividend.

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