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

CYH.TO vs. SCHD

Last updated Jun 5, 2026

CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - CYH.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, CYH.TO returned 8.21%/yr vs 13.62%/yr for SCHD. A 0.53 correlation means they provide meaningful diversification when combined. CYH.TO charges 0.66%/yr vs 0.06%/yr for SCHD.

Performance

CYH.TO vs. SCHD - Performance Comparison

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

CYH.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, CYH.TO achieves a 10.22% return, which is significantly lower than SCHD's 20.52% return. Over the past 10 years, CYH.TO has underperformed SCHD with an annualized return of 8.21%, while SCHD has yielded a comparatively higher 13.62% annualized return.

CYH.TO

1D
0.26%
1M
-0.11%
YTD
10.22%
6M
11.20%
1Y
23.68%
3Y*
16.48%
5Y*
8.53%
10Y*
8.21%

SCHD

1D
0.00%
1M
4.22%
YTD
20.52%
6M
18.31%
1Y
29.93%
3Y*
16.61%
5Y*
11.45%
10Y*
13.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CYH.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		10.22%18.77%12.29%3.84%-2.47%23.43%-8.71%14.38%-6.21%13.16%
SCHD
Schwab U.S. Dividend Equity ETF		21.46%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between CYH.TO and SCHD is 0.56, 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

0.56

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

0.58

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

0.57

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

0.55

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

0.53

The correlation between CYH.TO and SCHD has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

CYH.TO vs. SCHD - Sectors Allocation Comparison

Sectors
CYH.TO
SCHD

Financial Services

23.4%
9.3%

Utilities

15.9%
0.0%

Energy

14.2%
16.2%

Consumer Defensive

11.9%
19.2%

Consumer Cyclical

8.4%
6.3%

Communication Services

8.2%
6.3%

Healthcare

5.1%
18.8%

Industrials

4.9%
7.5%

Basic Materials

3.6%
1.2%

Technology

3.4%
16.4%

Real Estate

1.1%

-

Financial Services

CYH.TO
23.4%
SCHD
9.3%

Utilities

CYH.TO
15.9%
SCHD
0.0%

Energy

CYH.TO
14.2%
SCHD
16.2%

Consumer Defensive

CYH.TO
11.9%
SCHD
19.2%

Consumer Cyclical

CYH.TO
8.4%
SCHD
6.3%

Communication Services

CYH.TO
8.2%
SCHD
6.3%

Healthcare

CYH.TO
5.1%
SCHD
18.8%

Industrials

CYH.TO
4.9%
SCHD
7.5%

Basic Materials

CYH.TO
3.6%
SCHD
1.2%

Technology

CYH.TO
3.4%
SCHD
16.4%

Real Estate

CYH.TO
1.1%
SCHD

-

Compare stocks, funds, or ETFs

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iShares Global Monthly Dividend Index ETF (CAD-Hedged)

Schwab U.S. Dividend Equity ETF

Often compared with CYH.TO:
CYH.TO vs. XDG.TOCYH.TO vs. CUD.TOCYH.TO vs. VDY.TOCYH.TO vs. XEI.TOCYH.TO vs. ZDIVXCYH.TO vs. XDIV.TOCYH.TO vs. VEQT.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

CYH.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CYH.TO
CYH.TO Risk / Return Rank: 7979
Overall Rank
CYH.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
CYH.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
CYH.TO Omega Ratio Rank: 7474
Omega Ratio Rank
CYH.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
CYH.TO Martin Ratio Rank: 8484
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8585
Overall Rank
SCHD Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8989
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8080
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9292
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8080
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.

CYH.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.39
2.70

-0.31

Sortino ratioReturn per unit of downside risk
3.38
4.16

-0.78

Omega ratioGain probability vs. loss probability

1.43

1.49

-0.06

Calmar ratioReturn relative to maximum drawdown

4.45

7.00

-2.54

Martin ratioReturn relative to average drawdown

17.05

20.23

-3.18

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

CYH.TO vs. SCHD - Sharpe Ratio Comparison

The current CYH.TO Sharpe Ratio is 2.39, which is comparable to the SCHD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of CYH.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

CYH.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

2.70

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.91

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.90

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

1.13

-0.80

Drawdowns

CYH.TO vs. SCHD - Drawdown Comparison

The maximum CYH.TO drawdown since its inception was -61.48%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for CYH.TO and SCHD.

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Drawdown Indicators

CYH.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-61.48%

-26.93%

-34.55%

Max Drawdown (1Y)

Largest decline over 1 year

-5.34%

-4.30%

-1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-12.13%

-15.30%

+3.17%

Max Drawdown (5Y)

Largest decline over 5 years

-17.67%

-15.30%

-2.37%

Max Drawdown (10Y)

Largest decline over 10 years

-42.30%

-26.93%

-15.37%

Current Drawdown

Current decline from peak

-1.30%

-0.82%

-0.48%

Average Drawdown

Average peak-to-trough decline

-9.94%

-2.86%

-7.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.39%

1.48%

-0.09%

Volatility

CYH.TO vs. SCHD - Volatility Comparison

The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.62%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.96%. This indicates that CYH.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

CYH.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

2.96%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

8.30%

-1.17%

Volatility (1Y)

Calculated over the trailing 1-year period

9.96%

11.16%

-1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

12.65%

+0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.02%

15.18%

+1.84%

CYH.TO vs. SCHD - Expense Ratio Comparison

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

Dividends

CYH.TO vs. SCHD - Dividend Comparison

CYH.TO's dividend yield for the trailing twelve months is around 3.33%, more than SCHD's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		3.33%3.77%4.33%4.68%4.72%3.89%4.51%4.01%3.98%3.03%3.39%3.84%
SCHD
Schwab U.S. Dividend Equity ETF		3.24%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

CYH.TO and SCHD have a correlation of 0.56, 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 CYH.TO.

CYH.TO is categorized as Global Equities, while SCHD is Dividend. CYH.TO tracks Morningstar Gbl GR CAD, 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 CYH.TO and 0.06% for SCHD.

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