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

SCHD vs. ZDY.TO

Last updated Jun 13, 2026

SCHD (Schwab U.S. Dividend Equity ETF) and ZDY.TO (BMO US Dividend ETF (CAD)) are both Dividend funds. SCHD is passively managed, while ZDY.TO is actively managed. Over the past 10 years, SCHD returned 12.91%/yr vs 9.64%/yr for ZDY.TO. A 0.61 correlation means they provide meaningful diversification when combined. SCHD charges 0.06%/yr vs 0.30%/yr for ZDY.TO.

Performance

SCHD vs. ZDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) and BMO US Dividend ETF (CAD) (ZDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, SCHD achieves a 20.66% return, which is significantly higher than ZDY.TO's 15.43% return. Over the past 10 years, SCHD has outperformed ZDY.TO with an annualized return of 12.91%, while ZDY.TO has yielded a comparatively lower 9.64% annualized return.

SCHD

1D
0.89%
1M
3.37%
YTD
20.66%
6M
19.57%
1Y
26.16%
3Y*
14.90%
5Y*
8.75%
10Y*
12.91%

ZDY.TO

1D
0.73%
1M
3.35%
YTD
15.43%
6M
4.22%
1Y
15.71%
3Y*
14.18%
5Y*
9.01%
10Y*
9.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHD vs. ZDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHD
Schwab U.S. Dividend Equity ETF		20.66%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%
ZDY.TO
BMO US Dividend ETF (CAD)		15.43%3.87%16.38%7.13%-4.42%22.98%-2.88%21.97%-4.77%14.50%

Correlation

The correlation between SCHD and ZDY.TO is 0.59, 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

0.59

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

0.65

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

0.63

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

0.63

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2013

0.61

The correlation between SCHD and ZDY.TO has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

SCHD vs. ZDY.TO - Sectors Allocation Comparison

Sectors
SCHD
ZDY.TO

Consumer Defensive

19.2%
9.5%

Healthcare

18.8%
11.9%

Technology

16.4%
29.0%

Energy

16.2%
9.8%

Financial Services

9.3%
9.5%

Industrials

7.5%
4.4%

Communication Services

6.3%
6.9%

Consumer Cyclical

6.3%
5.4%

Basic Materials

1.2%
1.6%

Utilities

0.0%
6.4%

Real Estate

-

5.6%

Consumer Defensive

SCHD
19.2%
ZDY.TO
9.5%

Healthcare

SCHD
18.8%
ZDY.TO
11.9%

Technology

SCHD
16.4%
ZDY.TO
29.0%

Energy

SCHD
16.2%
ZDY.TO
9.8%

Financial Services

SCHD
9.3%
ZDY.TO
9.5%

Industrials

SCHD
7.5%
ZDY.TO
4.4%

Communication Services

SCHD
6.3%
ZDY.TO
6.9%

Consumer Cyclical

SCHD
6.3%
ZDY.TO
5.4%

Basic Materials

SCHD
1.2%
ZDY.TO
1.6%

Utilities

SCHD
0.0%
ZDY.TO
6.4%

Real Estate

SCHD

-

ZDY.TO
5.6%

Compare stocks, funds, or ETFs

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

Schwab U.S. Dividend Equity ETF

BMO US Dividend ETF (CAD)

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SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG
Often compared with ZDY.TO:
ZDY.TO vs. VDY.TOZDY.TO vs. ZDV.TOZDY.TO vs. ZLU.TOZDY.TO vs. VIGZDY.TO vs. ZGRO.TOZDY.TO vs. XEI.TOZDY.TO vs. TPU.TO

Return for Risk

SCHD vs. ZDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHD
SCHD Risk / Return Rank: 8787
Overall Rank
SCHD Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9090
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8383
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9393
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8181
Martin Ratio Rank
ZDY.TO
ZDY.TO Risk / Return Rank: 4141
Overall Rank
ZDY.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ZDY.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
ZDY.TO Omega Ratio Rank: 5252
Omega Ratio Rank
ZDY.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
ZDY.TO Martin Ratio Rank: 3232
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.

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

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and BMO US Dividend ETF (CAD) (ZDY.TO). 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.

SCHDZDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.41
1.18

+1.22

Sortino ratioReturn per unit of downside risk
3.72
1.56

+2.16

Omega ratioGain probability vs. loss probability

1.43

1.23

+0.20

Calmar ratioReturn relative to maximum drawdown

5.70

1.54

+4.16

Martin ratioReturn relative to average drawdown

13.97

4.02

+9.95

SCHD vs. ZDY.TO - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.41, which is higher than the ZDY.TO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of SCHD and ZDY.TO, 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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Drawdowns

SCHD vs. ZDY.TO - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum ZDY.TO drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for SCHD and ZDY.TO.

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Drawdown Indicators

SCHDZDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.37%

-39.06%

+5.69%

Max Drawdown (1Y)

Largest decline over 1 year

-4.61%

-10.25%

+5.64%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

-14.57%

-1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-16.85%

-16.89%

+0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-33.37%

-39.06%

+5.69%

Current Drawdown

Current decline from peak

-0.03%

-1.71%

+1.68%

Average Drawdown

Average peak-to-trough decline

-3.31%

-3.88%

+0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

3.92%

-2.03%

Volatility

SCHD vs. ZDY.TO - Volatility Comparison

The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 3.05%, while BMO US Dividend ETF (CAD) (ZDY.TO) has a volatility of 5.34%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHDZDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.05%

5.34%

-2.29%

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

11.22%

-3.69%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

13.34%

-2.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.38%

13.83%

+0.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.72%

16.60%

+0.12%

SCHD vs. ZDY.TO - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than ZDY.TO's 0.30% expense ratio.

Dividends

SCHD vs. ZDY.TO - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.22%, more than ZDY.TO's 1.50% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.22%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
ZDY.TO
BMO US Dividend ETF (CAD)		1.50%1.80%1.97%2.43%2.48%2.33%3.65%3.02%2.80%2.63%2.46%2.54%

Frequently Asked Questions

SCHD and ZDY.TO have a correlation of 0.59, 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 0.30% for ZDY.TO.

They also come from different issuers: Charles Schwab and BMO. Their fees differ too: 0.06% for SCHD and 0.30% for ZDY.TO.

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