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

CUD.TO vs. SCHD

Last updated Jun 4, 2026

CUD.TO (iShares US Dividend Growers Index ETF (CAD-Hedged)) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - CUD.TO is a Large Cap Value Equities fund tracking the S&P High Yield Dividend Aristocrats CAD Hedged Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, CUD.TO returned 5.98%/yr vs 13.54%/yr for SCHD. A 0.66 correlation means they provide meaningful diversification when combined. CUD.TO charges 0.66%/yr vs 0.06%/yr for SCHD.

Performance

CUD.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.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

CUD.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, CUD.TO achieves a 5.32% return, which is significantly lower than SCHD's 20.03% return. Over the past 10 years, CUD.TO has underperformed SCHD with an annualized return of 5.98%, while SCHD has yielded a comparatively higher 13.54% annualized return.

CUD.TO

1D
-0.28%
1M
-0.09%
YTD
5.32%
6M
1.10%
1Y
4.69%
3Y*
5.56%
5Y*
1.77%
10Y*
5.98%

SCHD

1D
0.00%
1M
4.32%
YTD
20.03%
6M
17.69%
1Y
28.28%
3Y*
16.27%
5Y*
11.36%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CUD.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CUD.TO
iShares US Dividend Growers Index ETF (CAD-Hedged)		5.32%1.72%6.13%0.09%-2.31%18.87%-2.58%21.16%-5.23%14.50%
SCHD
Schwab U.S. Dividend Equity ETF		20.52%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between CUD.TO and SCHD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.63

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

0.68

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

0.68

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.66

The correlation between CUD.TO and SCHD shifts across timeframes, from 0.49 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.

CUD.TO vs. SCHD - Sectors Allocation Comparison

Sectors
CUD.TO
SCHD

Industrials

17.3%
7.5%

Consumer Defensive

16.2%
19.2%

Utilities

14.6%
0.0%

Financial Services

12.0%
9.3%

Technology

10.5%
16.4%

Healthcare

7.6%
18.8%

Basic Materials

6.0%
1.2%

Consumer Cyclical

5.8%
6.3%

Real Estate

4.4%

-

Energy

3.2%
16.2%

Communication Services

2.5%
6.3%

Industrials

CUD.TO
17.3%
SCHD
7.5%

Consumer Defensive

CUD.TO
16.2%
SCHD
19.2%

Utilities

CUD.TO
14.6%
SCHD
0.0%

Financial Services

CUD.TO
12.0%
SCHD
9.3%

Technology

CUD.TO
10.5%
SCHD
16.4%

Healthcare

CUD.TO
7.6%
SCHD
18.8%

Basic Materials

CUD.TO
6.0%
SCHD
1.2%

Consumer Cyclical

CUD.TO
5.8%
SCHD
6.3%

Real Estate

CUD.TO
4.4%
SCHD

-

Energy

CUD.TO
3.2%
SCHD
16.2%

Communication Services

CUD.TO
2.5%
SCHD
6.3%

Compare stocks, funds, or ETFs

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

iShares US Dividend Growers Index ETF (CAD-Hedged)

Schwab U.S. Dividend Equity ETF

Often compared with CUD.TO:
CUD.TO vs. CDZ.TOCUD.TO vs. XHU.TOCUD.TO vs. DGROCUD.TO vs. CYH.TOCUD.TO vs. ^GSPCCUD.TO vs. VDY.TOCUD.TO vs. VFV.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

CUD.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CUD.TO
CUD.TO Risk / Return Rank: 1515
Overall Rank
CUD.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
CUD.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
CUD.TO Omega Ratio Rank: 1414
Omega Ratio Rank
CUD.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
CUD.TO Martin Ratio Rank: 1616
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.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.

CUD.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
0.40
2.57

-2.16

Sortino ratioReturn per unit of downside risk
0.64
3.98

-3.34

Omega ratioGain probability vs. loss probability

1.08

1.47

-0.38

Calmar ratioReturn relative to maximum drawdown

0.64

6.61

-5.97

Martin ratioReturn relative to average drawdown

1.57

19.13

-17.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CUD.TO vs. SCHD - Sharpe Ratio Comparison

The current CUD.TO Sharpe Ratio is 0.40, which is lower than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of CUD.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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Sharpe Ratios by Period

CUD.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.40

2.57

-2.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

0.90

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.90

-0.55

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

1.12

-0.53

Drawdowns

CUD.TO vs. SCHD - Drawdown Comparison

The maximum CUD.TO drawdown since its inception was -38.36%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for CUD.TO and SCHD.

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Drawdown Indicators

CUD.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-38.36%

-26.93%

-11.43%

Max Drawdown (1Y)

Largest decline over 1 year

-7.34%

-4.30%

-3.04%

Max Drawdown (3Y)

Largest decline over 3 years

-15.28%

-15.30%

+0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-18.06%

-15.30%

-2.76%

Max Drawdown (10Y)

Largest decline over 10 years

-38.36%

-26.93%

-11.43%

Current Drawdown

Current decline from peak

-4.84%

-1.22%

-3.62%

Average Drawdown

Average peak-to-trough decline

-4.09%

-2.86%

-1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.48%

+1.52%

Volatility

CUD.TO vs. SCHD - Volatility Comparison

iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 2.69% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CUD.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

2.63%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.82%

8.23%

+0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

11.74%

11.10%

+0.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.67%

12.63%

+2.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.20%

15.18%

+2.02%

CUD.TO vs. SCHD - Expense Ratio Comparison

CUD.TO has a 0.66% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

CUD.TO vs. SCHD - Dividend Comparison

CUD.TO's dividend yield for the trailing twelve months is around 1.92%, less than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
CUD.TO
iShares US Dividend Growers Index ETF (CAD-Hedged)		1.92%1.99%1.76%1.96%1.84%1.98%2.05%1.65%2.05%1.44%1.76%1.72%
SCHD
Schwab U.S. Dividend Equity ETF		3.26%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

CUD.TO and SCHD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.66% for CUD.TO.

CUD.TO is categorized as Large Cap Value Equities, while SCHD is Dividend. CUD.TO tracks S&P High Yield Dividend Aristocrats CAD Hedged Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.66% for CUD.TO and 0.06% for SCHD.

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