SCHY vs. GWO.TO

Last updated Jun 14, 2026

SCHY (Schwab International Dividend Equity ETF) is Dividend fund tracking the Dow Jones International Dividend 100 Index, while GWO.TO (Great-West Lifeco Inc.) is a stock. Over the past 5 years, SCHY returned 8.28%/yr vs 20.36%/yr for GWO.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

SCHY vs. GWO.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SCHY achieves a 10.44% return, which is significantly lower than GWO.TO's 23.04% return.

SCHY

• 1D: 0.24%
• 1M: 1.36%
• YTD: 10.44%
• 6M: 11.90%
• 1Y: 23.76%
• 3Y*: 15.61%
• 5Y*: 8.28%
• 10Y*: —

GWO.TO

• 1D: 0.39%
• 1M: 6.71%
• YTD: 23.04%
• 6M: 25.42%
• 1Y: 64.92%
• 3Y*: 33.82%
• 5Y*: 20.36%
• 10Y*: 13.88%

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

SCHY vs. GWO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCHY Schwab International Dividend Equity ETF	10.44%	33.98%	-1.79%	14.27%	-9.43%	3.42%
GWO.TO Great-West Lifeco Inc.	23.04%	55.48%	5.36%	51.29%	-17.79%	7.47%

Correlation

The correlation between SCHY and GWO.TO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.27

Over the past year, the correlation between SCHY and GWO.TO has dropped to 0.05 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Return for Risk

SCHY vs. GWO.TO — Risk / Return Rank

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

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

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

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.

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

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

	SCHY	GWO.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	3.90	-2.04
Sortino ratio: Return per unit of downside risk	2.56	4.79	-2.23
Omega ratio: Gain probability vs. loss probability	1.33	1.67	-0.35
Calmar ratio: Return relative to maximum drawdown	2.46	5.76	-3.30
Martin ratio: Return relative to average drawdown	7.63	21.64	-14.01

SCHY vs. GWO.TO - Sharpe Ratio Comparison

The current SCHY Sharpe Ratio is 1.86, which is lower than the GWO.TO Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of SCHY and GWO.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.

Drawdowns

SCHY vs. GWO.TO - Drawdown Comparison

The maximum SCHY drawdown since its inception was -24.04%, smaller than the maximum GWO.TO drawdown of -76.31%. Use the drawdown chart below to compare losses from any high point for SCHY and GWO.TO.

Drawdown Indicators

	SCHY	GWO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.04%	-76.31%	+52.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-11.68%	+2.57%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-13.33%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.04%	-33.34%	+9.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.31%	—
Current Drawdown Current decline from peak	-2.94%	0.00%	-2.94%
Average Drawdown Average peak-to-trough decline	-4.97%	-14.28%	+9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.10%	-0.15%

Volatility

SCHY vs. GWO.TO - Volatility Comparison

The current volatility for Schwab International Dividend Equity ETF (SCHY) is 3.37%, while Great-West Lifeco Inc. (GWO.TO) has a volatility of 5.00%. This indicates that SCHY experiences smaller price fluctuations and is considered to be less risky than GWO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHY	GWO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	5.00%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	12.74%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	17.25%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	18.10%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	21.95%	-8.72%

Dividends

SCHY vs. GWO.TO - Dividend Comparison

SCHY's dividend yield for the trailing twelve months is around 3.36%, more than GWO.TO's 3.07% 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 SCHY and GWO.TO in my portfolio?

SCHY and GWO.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.