SCHY vs. XDIV.TO

Last updated Jun 14, 2026

SCHY (Schwab International Dividend Equity ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both Dividend funds - SCHY tracks the Dow Jones International Dividend 100 Index while XDIV.TO tracks the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, SCHY returned 8.28%/yr vs 13.87%/yr for XDIV.TO. At a 0.47 correlation, their price movements are largely independent. SCHY charges 0.08%/yr vs 0.11%/yr for XDIV.TO.

Performance

SCHY vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Dividend Equity ETF (SCHY) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SCHY is traded in USD, while XDIV.TO is traded in CAD. To make them comparable, the XDIV.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 XDIV.TO's 19.42% return.

SCHY

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

XDIV.TO

• 1D: 0.38%
• 1M: 2.75%
• YTD: 19.42%
• 6M: 18.53%
• 1Y: 36.69%
• 3Y*: 22.30%
• 5Y*: 13.87%
• 10Y*: —

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

SCHY vs. XDIV.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%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	19.42%	31.02%	10.48%	14.68%	-5.50%	10.17%

Correlation

The correlation between SCHY and XDIV.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.47

Over the past year, the correlation between SCHY and XDIV.TO has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

SCHY vs. XDIV.TO - Sectors Allocation Comparison

Sectors	SCHY	XDIV.TO
Financial Services	15.9%	46.7%
Communication Services	15.0%	0.4%
Consumer Defensive	14.4%	-
Industrials	13.0%	-
Energy	9.6%	28.8%
Consumer Cyclical	7.8%	11.5%
Healthcare	7.4%	-
Utilities	6.8%	11.3%
Basic Materials	5.8%	-
Technology	3.6%	1.3%
Real Estate	0.8%	-

Return for Risk

SCHY vs. XDIV.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

XDIV.TO

XDIV.TO Risk / Return Rank: 98
XDIV.TO Sharpe Ratio Rank: 98
XDIV.TO Sortino Ratio Rank: 98
XDIV.TO Omega Ratio Rank: 98
XDIV.TO Calmar Ratio Rank: 99
XDIV.TO Martin Ratio Rank: 98

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. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	4.27	-2.41
Sortino ratio: Return per unit of downside risk	2.56	6.11	-3.55
Omega ratio: Gain probability vs. loss probability	1.33	1.82	-0.49
Calmar ratio: Return relative to maximum drawdown	2.46	11.38	-8.92
Martin ratio: Return relative to average drawdown	7.63	38.12	-30.49

SCHY vs. XDIV.TO - Sharpe Ratio Comparison

The current SCHY Sharpe Ratio is 1.86, which is lower than the XDIV.TO Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of SCHY and XDIV.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. XDIV.TO - Drawdown Comparison

The maximum SCHY drawdown since its inception was -24.04%, smaller than the maximum XDIV.TO drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for SCHY and XDIV.TO.

Drawdown Indicators

	SCHY	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.04%	-46.32%	+22.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-3.31%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-12.20%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-24.04%	-24.74%	+0.70%
Current Drawdown Current decline from peak	-2.94%	0.00%	-2.94%
Average Drawdown Average peak-to-trough decline	-4.97%	-6.33%	+1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	0.99%	+1.96%

Volatility

SCHY vs. XDIV.TO - Volatility Comparison

Schwab International Dividend Equity ETF (SCHY) has a higher volatility of 3.37% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.43%. This indicates that SCHY's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHY	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.43%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	6.86%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	8.84%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	12.47%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	17.75%	-4.52%

SCHY vs. XDIV.TO - Expense Ratio Comparison

SCHY has a 0.08% expense ratio, which is lower than XDIV.TO's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHY vs. XDIV.TO - Dividend Comparison

SCHY's dividend yield for the trailing twelve months is around 3.36%, more than XDIV.TO's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.25%	3.90%	4.50%	4.42%	4.15%	3.76%	4.85%	4.24%	5.13%	1.92%

Frequently Asked Questions

Can I hold both SCHY and XDIV.TO in my portfolio?

SCHY and XDIV.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCHY or XDIV.TO?

On fees, SCHY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCHY or XDIV.TO?

SCHY is cheaper with a 0.08% expense ratio, compared with 0.11% for XDIV.TO.

What is the main difference between SCHY and XDIV.TO?

SCHY tracks Dow Jones International Dividend 100 Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.08% for SCHY and 0.11% for XDIV.TO.