Correlation
The correlation between RY.TO and SCHD is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RY.TO vs. SCHD
Compare and contrast key facts about Royal Bank of Canada (RY.TO) and Schwab US Dividend Equity ETF (SCHD).
SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RY.TO or SCHD.
Performance
RY.TO vs. SCHD - Performance Comparison
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Key characteristics
RY.TO:
1.60
SCHD:
0.21
RY.TO:
2.15
SCHD:
0.24
RY.TO:
1.30
SCHD:
1.03
RY.TO:
1.84
SCHD:
0.09
RY.TO:
5.67
SCHD:
0.29
RY.TO:
4.55%
SCHD:
5.24%
RY.TO:
16.90%
SCHD:
16.46%
RY.TO:
-70.56%
SCHD:
-33.37%
RY.TO:
-0.55%
SCHD:
-10.71%
Returns By Period
In the year-to-date period, RY.TO achieves a 3.39% return, which is significantly higher than SCHD's -4.38% return. Over the past 10 years, RY.TO has outperformed SCHD with an annualized return of 12.60%, while SCHD has yielded a comparatively lower 10.46% annualized return.
RY.TO
3.39%
8.00%
2.57%
26.72%
15.52%
21.06%
12.60%
SCHD
-4.38%
0.70%
-10.16%
3.27%
4.44%
12.77%
10.46%
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Risk-Adjusted Performance
RY.TO vs. SCHD — Risk-Adjusted Performance Rank
RY.TO
SCHD
RY.TO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.TO) and Schwab US 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.
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Dividends
RY.TO vs. SCHD - Dividend Comparison
RY.TO's dividend yield for the trailing twelve months is around 3.29%, less than SCHD's 4.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RY.TO Royal Bank of Canada | 3.29% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% | 3.54% |
SCHD Schwab US Dividend Equity ETF | 4.02% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
RY.TO vs. SCHD - Drawdown Comparison
The maximum RY.TO drawdown since its inception was -70.56%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for RY.TO and SCHD.
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Volatility
RY.TO vs. SCHD - Volatility Comparison
The current volatility for Royal Bank of Canada (RY.TO) is 2.86%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.60%. This indicates that RY.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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