GWO.TO vs. SCHY

Last updated Jun 13, 2026

GWO.TO (Great-West Lifeco Inc.) is a stock, while SCHY (Schwab International Dividend Equity ETF) is Dividend fund tracking the Dow Jones International Dividend 100 Index. Over the past 5 years, GWO.TO returned 23.88%/yr vs 11.46%/yr for SCHY. At a 0.25 correlation, their price movements are largely independent.

Performance

GWO.TO vs. SCHY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Great-West Lifeco Inc. (GWO.TO) and Schwab International Dividend Equity ETF (SCHY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, GWO.TO achieves a 25.54% return, which is significantly higher than SCHY's 12.68% return.

GWO.TO

• 1D: 0.58%
• 1M: 8.18%
• YTD: 25.54%
• 6M: 27.21%
• 1Y: 69.48%
• 3Y*: 35.82%
• 5Y*: 23.88%
• 10Y*: 14.86%

SCHY

• 1D: 0.43%
• 1M: 4.17%
• YTD: 12.68%
• 6M: 13.50%
• 1Y: 27.18%
• 3Y*: 17.34%
• 5Y*: 11.46%
• 10Y*: —

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

GWO.TO vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GWO.TO Great-West Lifeco Inc.	25.54%	48.38%	14.28%	47.70%	-12.58%	10.40%
SCHY Schwab International Dividend Equity ETF	12.68%	27.86%	6.53%	11.55%	-3.69%	7.14%

Correlation

The correlation between GWO.TO and SCHY is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.25

Over the past year, the correlation between GWO.TO and SCHY has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

GWO.TO vs. SCHY — Risk / Return Rank

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

GWO.TO

GWO.TO Risk / Return Rank: 97
GWO.TO Sharpe Ratio Rank: 98
GWO.TO Sortino Ratio Rank: 98
GWO.TO Omega Ratio Rank: 98
GWO.TO Calmar Ratio Rank: 94
GWO.TO Martin Ratio Rank: 96

SCHY

SCHY Risk / Return Rank: 60
SCHY Sharpe Ratio Rank: 65
SCHY Sortino Ratio Rank: 64
SCHY Omega Ratio Rank: 63
SCHY Calmar Ratio Rank: 56
SCHY Martin Ratio Rank: 51

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.

GWO.TO vs. SCHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifeco Inc. (GWO.TO) and Schwab International Dividend Equity ETF (SCHY). 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.

	GWO.TO	SCHY	Difference
Sharpe ratio: Return per unit of total volatility	4.24	1.95	+2.29
Sortino ratio: Return per unit of downside risk	5.15	2.69	+2.45
Omega ratio: Gain probability vs. loss probability	1.77	1.34	+0.42
Calmar ratio: Return relative to maximum drawdown	5.76	2.87	+2.89
Martin ratio: Return relative to average drawdown	21.70	9.11	+12.59

GWO.TO vs. SCHY - Sharpe Ratio Comparison

The current GWO.TO Sharpe Ratio is 4.24, which is higher than the SCHY Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of GWO.TO and SCHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GWO.TO vs. SCHY - Drawdown Comparison

The maximum GWO.TO drawdown since its inception was -67.52%, which is greater than SCHY's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for GWO.TO and SCHY.

Drawdown Indicators

	GWO.TO	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-67.52%	-18.13%	-49.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.34%	-8.76%	-3.58%
Max Drawdown (3Y) Largest decline over 3 years	-12.82%	-10.33%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-27.64%	-18.13%	-9.51%
Max Drawdown (10Y) Largest decline over 10 years	-44.96%	—	—
Current Drawdown Current decline from peak	0.00%	-0.89%	+0.89%
Average Drawdown Average peak-to-trough decline	-11.31%	-3.44%	-7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.78%	+0.49%

Volatility

GWO.TO vs. SCHY - Volatility Comparison

Great-West Lifeco Inc. (GWO.TO) has a higher volatility of 4.80% compared to Schwab International Dividend Equity ETF (SCHY) at 3.54%. This indicates that GWO.TO's price experiences larger fluctuations and is considered to be riskier than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GWO.TO	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	3.54%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	10.55%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	12.94%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	14.70%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	14.65%	+6.10%

Dividends

GWO.TO vs. SCHY - Dividend Comparison

GWO.TO's dividend yield for the trailing twelve months is around 3.07%, less than SCHY's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GWO.TO Great-West Lifeco Inc.	3.07%	3.60%	4.66%	4.74%	6.26%	4.75%	5.77%	4.97%	5.52%	4.18%	3.94%	3.78%
SCHY Schwab International Dividend Equity ETF	3.36%	3.55%	4.64%	3.97%	3.67%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GWO.TO and SCHY in my portfolio?

GWO.TO and SCHY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.