TD vs. SCHD
TD (The Toronto-Dominion Bank) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, TD returned 15.64%/yr vs 12.68%/yr for SCHD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
TD vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 29.01% return, which is significantly higher than SCHD's 17.24% return. Over the past 10 years, TD has outperformed SCHD with an annualized return of 15.64%, while SCHD has yielded a comparatively lower 12.68% annualized return.
TD
- 1D
- 0.24%
- 1M
- 6.89%
- YTD
- 29.01%
- 6M
- 30.62%
- 1Y
- 74.89%
- 3Y*
- 32.54%
- 5Y*
- 16.11%
- 10Y*
- 15.64%
SCHD
- 1D
- 0.09%
- 1M
- -2.86%
- YTD
- 17.24%
- 6M
- 16.44%
- 1Y
- 24.06%
- 3Y*
- 14.45%
- 5Y*
- 8.77%
- 10Y*
- 12.68%
TD vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 29.01% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
SCHD Schwab U.S. Dividend Equity ETF | 17.24% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between TD and SCHD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.60 |
Over the past year, the correlation between TD and SCHD has dropped to 0.36 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
TD vs. SCHD — Risk / Return Rank
TD
SCHD
TD vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) 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.
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.
| TD | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.39 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 10.04 | 5.24 | +4.80 |
| Martin ratioReturn relative to average drawdown | 39.19 | 12.71 | +26.47 |
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Drawdowns
TD vs. SCHD - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for TD and SCHD.
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Drawdown Indicators
| TD | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -33.37% | -30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -4.61% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -16.13% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -16.85% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -33.37% | -8.61% |
Current DrawdownCurrent decline from peak | 0.00% | -2.86% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -3.31% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.90% | +0.02% |
Volatility
TD vs. SCHD - Volatility Comparison
The Toronto-Dominion Bank (TD) has a higher volatility of 4.57% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that TD's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.58% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 7.74% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 11.09% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 14.36% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 16.73% | +4.99% |
Dividends
TD vs. SCHD - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.57%, less than SCHD's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.31% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
TD The Toronto-Dominion Bank | 2.57% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Frequently Asked Questions
TD and SCHD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TD has higher volatility (4.57%) compared to SCHD (3.58%). In terms of maximum drawdown, TD dropped -64.18% vs SCHD's -33.37%.
TD currently has the higher Sharpe Ratio (4.55 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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