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 15.53%/yr vs 12.76%/yr for SCHD. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
TD vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 30.24% return, which is significantly higher than SCHD's 24.03% return. Over the past 10 years, TD has outperformed SCHD with an annualized return of 15.53%, while SCHD has yielded a comparatively lower 12.76% annualized return.
TD
- 1D
- 0.13%
- 1M
- 1.19%
- 6M
- 30.15%
- YTD
- 30.24%
- 1Y
- 70.70%
- 3Y*
- 28.14%
- 5Y*
- 17.56%
- 10Y*
- 15.53%
- ALL TIME*
- 15.63%
SCHD
- 1D
- 0.18%
- 1M
- 3.33%
- 6M
- 14.09%
- YTD
- 24.03%
- 1Y
- 31.54%
- 3Y*
- 14.19%
- 5Y*
- 9.54%
- 10Y*
- 12.76%
- ALL TIME*
- 13.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $786.88M | $715.86M | $685.58M | |
| $282.42M | $388.32M | $277.26M |
TD vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 30.24% | 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 | 24.03% | 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 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.59 |
Over the past year, the correlation between TD and SCHD has dropped to 0.28 - well below their long-term average of 0.59, 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 | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.51 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 9.37 | 6.74 | +2.63 |
| Martin ratioReturn relative to average drawdown | 35.40 | 17.01 | +18.39 |
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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 | -3.91% | -1.24% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -3.30% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.82% | +0.16% |
Volatility
TD vs. SCHD - Volatility Comparison
The Toronto-Dominion Bank (TD) has a higher volatility of 7.00% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.11%. 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 | 7.00% | 4.11% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 8.11% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 11.13% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 14.39% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 16.72% | +5.02% |
Dividends
TD vs. SCHD - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.58%, less than SCHD's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.13% | 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 | 2.58% | 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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TD has higher volatility (7.00%) compared to SCHD (4.11%). In terms of maximum drawdown, TD dropped -64.18% vs SCHD's -33.37%.
TD currently has the higher Sharpe Ratio (3.99 vs 2.81), 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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