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

VDY.TO vs. SCHD

Last updated Jul 14, 2026
Documentation

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds - VDY.TO tracks the FTSE Canada High Dividend Yield Index while SCHD tracks the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, VDY.TO returned 14.60%/yr vs 13.39%/yr for SCHD. A 0.55 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.06%/yr for SCHD.

Performance

VDY.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, VDY.TO achieves a 27.73% return, which is significantly higher than SCHD's 24.85% return. Over the past 10 years, VDY.TO has outperformed SCHD with an annualized return of 14.60%, while SCHD has yielded a comparatively lower 13.39% annualized return.

VDY.TO

1D
0.52%
1M
3.17%
6M
26.53%
YTD
27.73%
1Y
51.46%
3Y*
28.44%
5Y*
18.79%
10Y*
14.60%

SCHD

1D
0.55%
1M
1.41%
6M
18.27%
YTD
24.85%
1Y
28.16%
3Y*
17.12%
5Y*
11.73%
10Y*
13.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		27.73%29.21%21.44%8.41%-0.23%36.60%-1.37%21.42%-10.09%8.32%
SCHD
Schwab U.S. Dividend Equity ETF		24.79%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between VDY.TO and SCHD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

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

0.53

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

0.58

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

0.57

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.55

The correlation between VDY.TO and SCHD shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

VDY.TO vs. SCHD - Sectors Allocation Comparison

Sectors
VDY.TO
SCHD

Financial Services

57.6%
9.1%

Energy

29.5%
14.6%

Utilities

4.1%
0.0%

Communication Services

3.0%
6.0%

Consumer Cyclical

2.8%
6.7%

Basic Materials

2.0%
1.2%

Technology

0.4%
19.4%

Consumer Defensive

0.4%
18.5%

Industrials

0.2%
7.4%

Healthcare

0.1%
18.4%

Real Estate

-

-

Financial Services

VDY.TO
57.6%
SCHD
9.1%

Energy

VDY.TO
29.5%
SCHD
14.6%

Utilities

VDY.TO
4.1%
SCHD
0.0%

Communication Services

VDY.TO
3.0%
SCHD
6.0%

Consumer Cyclical

VDY.TO
2.8%
SCHD
6.7%

Basic Materials

VDY.TO
2.0%
SCHD
1.2%

Technology

VDY.TO
0.4%
SCHD
19.4%

Consumer Defensive

VDY.TO
0.4%
SCHD
18.5%

Industrials

VDY.TO
0.2%
SCHD
7.4%

Healthcare

VDY.TO
0.1%
SCHD
18.4%

Real Estate

VDY.TO

-

SCHD

-

Compare stocks, funds, or ETFs

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

Vanguard FTSE Canadian High Dividend Yield Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TOVDY.TO vs. CDZ.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

VDY.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDY.TO
VDY.TO Risk / Return Rank: 9999
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9999
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8686
Overall Rank
SCHD Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9090
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8282
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9393
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8181
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) 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.

VDY.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
6.09
2.41

+3.69

Sortino ratioReturn per unit of downside risk
8.64
3.68

+4.96

Omega ratioGain probability vs. loss probability

2.20

1.42

+0.78

Calmar ratioReturn relative to maximum drawdown

16.58

6.83

+9.76

Martin ratioReturn relative to average drawdown

67.12

17.56

+49.56

VDY.TO vs. SCHD - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 6.09, which is higher than the SCHD Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VDY.TO and SCHD, 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

VDY.TO vs. SCHD - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for VDY.TO and SCHD.

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Drawdown Indicators

VDY.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-27.31%

-11.90%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-4.14%

+1.02%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-15.24%

+4.86%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-15.24%

-0.93%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

-27.31%

-11.90%

Current Drawdown

Current decline from peak

0.00%

-0.20%

+0.20%

Average Drawdown

Average peak-to-trough decline

-4.45%

-3.03%

-1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.77%

1.61%

-0.84%

Volatility

VDY.TO vs. SCHD - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 2.22%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.69%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky 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

VDY.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.22%

3.69%

-1.47%

Volatility (6M)

Calculated over the trailing 6-month period

6.85%

8.64%

-1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

8.51%

11.78%

-3.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.57%

15.53%

-3.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

17.81%

-1.90%

VDY.TO vs. SCHD - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDY.TO vs. SCHD - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.79%, less than SCHD's 3.22% 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%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.79%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%

Frequently Asked Questions

VDY.TO and SCHD have a correlation of 0.45, 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 0.22% for VDY.TO.

VDY.TO tracks FTSE Canada High Dividend Yield Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.22% for VDY.TO and 0.06% for SCHD.

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