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

MTL.TO vs. SCHD

Last updated Jun 4, 2026

MTL.TO (Mullen Group Ltd.) is a stock, 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, MTL.TO returned 9.47%/yr vs 13.54%/yr for SCHD. At a 0.22 correlation, their price movements are largely independent.

Performance

MTL.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mullen Group Ltd. (MTL.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

MTL.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, MTL.TO achieves a 43.58% return, which is significantly higher than SCHD's 20.03% return. Over the past 10 years, MTL.TO has underperformed SCHD with an annualized return of 9.47%, while SCHD has yielded a comparatively higher 13.54% annualized return.

MTL.TO

1D
0.32%
1M
8.23%
YTD
43.58%
6M
49.04%
1Y
66.13%
3Y*
17.63%
5Y*
17.05%
10Y*
9.47%

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)

MTL.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MTL.TO
Mullen Group Ltd.		43.58%14.66%9.57%1.51%31.70%10.96%23.04%-19.32%-19.13%-18.83%
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 MTL.TO and SCHD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.29

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

0.32

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

0.26

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

0.22

Compare stocks, funds, or ETFs

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

Mullen Group Ltd.

Schwab U.S. Dividend Equity ETF

Often compared with MTL.TO:
MTL.TO vs. BPF-UN.TOMTL.TO vs. CIGI.TOMTL.TO vs. L.TOMTL.TO vs. ^GSPCMTL.TO vs. CPMTL.TO vs. SRU-UN.TOMTL.TO vs. RSI.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

MTL.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTL.TO
MTL.TO Risk / Return Rank: 9494
Overall Rank
MTL.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
MTL.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
MTL.TO Omega Ratio Rank: 9494
Omega Ratio Rank
MTL.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
MTL.TO Martin Ratio Rank: 9696
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.

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

This table presents a comparison of risk-adjusted performance metrics for Mullen Group Ltd. (MTL.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.

MTL.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.92
2.57

+0.36

Sortino ratioReturn per unit of downside risk
3.50
3.98

-0.48

Omega ratioGain probability vs. loss probability

1.56

1.47

+0.09

Calmar ratioReturn relative to maximum drawdown

7.38

6.61

+0.76

Martin ratioReturn relative to average drawdown

21.82

19.13

+2.68

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

MTL.TO vs. SCHD - Sharpe Ratio Comparison

The current MTL.TO Sharpe Ratio is 2.92, which is comparable to the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of MTL.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

MTL.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.92

2.57

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.90

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

0.90

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.60

1.12

-1.72

Drawdowns

MTL.TO vs. SCHD - Drawdown Comparison

The maximum MTL.TO drawdown since its inception was -100.00%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for MTL.TO and SCHD.

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Drawdown Indicators

MTL.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-26.93%

-73.07%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-4.30%

-4.71%

Max Drawdown (3Y)

Largest decline over 3 years

-21.59%

-15.30%

-6.29%

Max Drawdown (5Y)

Largest decline over 5 years

-21.59%

-15.30%

-6.29%

Max Drawdown (10Y)

Largest decline over 10 years

-77.25%

-26.93%

-50.32%

Current Drawdown

Current decline from peak

-99.98%

-1.22%

-98.76%

Average Drawdown

Average peak-to-trough decline

-93.14%

-2.86%

-90.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

1.48%

+1.56%

Volatility

MTL.TO vs. SCHD - Volatility Comparison

Mullen Group Ltd. (MTL.TO) has a higher volatility of 4.99% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that MTL.TO's price experiences larger fluctuations and is considered to be riskier 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

MTL.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.99%

2.63%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

19.21%

8.23%

+10.98%

Volatility (1Y)

Calculated over the trailing 1-year period

22.76%

11.10%

+11.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.83%

12.63%

+14.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.97%

15.18%

+16.79%

Dividends

MTL.TO vs. SCHD - Dividend Comparison

MTL.TO's dividend yield for the trailing twelve months is around 3.79%, more than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
MTL.TO
Mullen Group Ltd.		3.79%5.34%5.28%5.13%4.67%4.13%3.30%6.47%4.91%2.29%2.82%8.57%
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

MTL.TO and SCHD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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