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

RCD.TO vs. SCHD

Last updated Jun 5, 2026

RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds. Over the past 10 years, RCD.TO returned 9.73%/yr vs 13.62%/yr for SCHD. At a 0.31 correlation, their price movements are largely independent. RCD.TO charges 0.43%/yr vs 0.06%/yr for SCHD.

Performance

RCD.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant Canadian Dividend Leaders ETF (RCD.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

RCD.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, RCD.TO achieves a 13.36% return, which is significantly lower than SCHD's 20.52% return. Over the past 10 years, RCD.TO has underperformed SCHD with an annualized return of 9.73%, while SCHD has yielded a comparatively higher 13.62% annualized return.

RCD.TO

1D
1.13%
1M
4.60%
YTD
13.36%
6M
5.84%
1Y
24.83%
3Y*
17.73%
5Y*
12.01%
10Y*
9.73%

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)

RCD.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		13.36%21.74%10.79%10.31%-3.37%27.62%-1.89%21.59%-11.38%5.76%
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 RCD.TO and SCHD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.37

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

0.37

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

0.37

Correlation (All Time)
Calculated using the full available price history since Jan 16, 2014

0.31

RCD.TO vs. SCHD - Sectors Allocation Comparison

Sectors
RCD.TO
SCHD

Financial Services

29.3%
9.3%

Energy

20.4%
16.2%

Basic Materials

15.7%
1.2%

Industrials

7.3%
7.5%

Technology

7.0%
16.4%

Utilities

6.1%
0.0%

Communication Services

4.6%
6.3%

Consumer Cyclical

4.0%
6.3%

Consumer Defensive

3.4%
19.2%

Real Estate

2.1%

-

Healthcare

-

18.8%

Financial Services

RCD.TO
29.3%
SCHD
9.3%

Energy

RCD.TO
20.4%
SCHD
16.2%

Basic Materials

RCD.TO
15.7%
SCHD
1.2%

Industrials

RCD.TO
7.3%
SCHD
7.5%

Technology

RCD.TO
7.0%
SCHD
16.4%

Utilities

RCD.TO
6.1%
SCHD
0.0%

Communication Services

RCD.TO
4.6%
SCHD
6.3%

Consumer Cyclical

RCD.TO
4.0%
SCHD
6.3%

Consumer Defensive

RCD.TO
3.4%
SCHD
19.2%

Real Estate

RCD.TO
2.1%
SCHD

-

Healthcare

RCD.TO

-

SCHD
18.8%

Compare stocks, funds, or ETFs

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

RBC Quant Canadian Dividend Leaders ETF

Schwab U.S. Dividend Equity ETF

Often compared with RCD.TO:
RCD.TO vs. XEI.TORCD.TO vs. VDY.TORCD.TO vs. DMEC.TORCD.TO vs. XDIV.TORCD.TO vs. PDC.TORCD.TO vs. XMV.TORCD.TO vs. ZLB.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

RCD.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCD.TO
RCD.TO Risk / Return Rank: 5656
Overall Rank
RCD.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
RCD.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 6767
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 5454
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.

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

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.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.

RCD.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.70

-0.87

Sortino ratioReturn per unit of downside risk
2.14
4.16

-2.02

Omega ratioGain probability vs. loss probability

1.40

1.49

-0.09

Calmar ratioReturn relative to maximum drawdown

2.88

7.00

-4.12

Martin ratioReturn relative to average drawdown

9.10

20.23

-11.13

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

RCD.TO vs. SCHD - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.83, which is lower than the SCHD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of RCD.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

RCD.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

2.70

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.91

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.90

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

1.13

-0.57

Drawdowns

RCD.TO vs. SCHD - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -38.07%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for RCD.TO and SCHD.

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Drawdown Indicators

RCD.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-38.07%

-26.93%

-11.14%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-4.30%

-4.37%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-15.30%

-1.25%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-15.30%

-1.38%

Max Drawdown (10Y)

Largest decline over 10 years

-38.07%

-26.93%

-11.14%

Current Drawdown

Current decline from peak

0.00%

-0.82%

+0.82%

Average Drawdown

Average peak-to-trough decline

-5.42%

-2.86%

-2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

1.48%

+1.25%

Volatility

RCD.TO vs. SCHD - Volatility Comparison

RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 2.95% and 2.96%, 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

RCD.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

2.96%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

8.30%

+4.09%

Volatility (1Y)

Calculated over the trailing 1-year period

13.61%

11.16%

+2.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

12.65%

+0.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.48%

15.18%

-0.70%

RCD.TO vs. SCHD - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

RCD.TO vs. SCHD - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 2.85%, less than SCHD's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		2.85%3.07%3.17%3.39%3.36%2.34%3.45%3.12%3.64%3.01%3.08%3.62%
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

RCD.TO and SCHD have a correlation of 0.34, 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 0.43% for RCD.TO.

They also come from different issuers: RBC and Charles Schwab. Their fees differ too: 0.43% for RCD.TO and 0.06% for SCHD.

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