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

VDY.TO vs. SCHY

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and SCHY (Schwab International Dividend Equity ETF) are both Dividend funds - VDY.TO tracks the FTSE Canada High Dividend Yield Index while SCHY tracks the Dow Jones International Dividend 100 Index. Both are passively managed. Over the past 5 years, VDY.TO returned 17.91%/yr vs 11.46%/yr for SCHY. A 0.53 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.08%/yr for SCHY.

Performance

VDY.TO vs. SCHY - 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 International Dividend Equity ETF (SCHY). 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 SCHY is traded in USD. To make them comparable, the SCHY 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 23.81% return, which is significantly higher than SCHY's 12.68% return.

VDY.TO

1D
0.65%
1M
5.30%
YTD
23.81%
6M
23.43%
1Y
49.57%
3Y*
27.42%
5Y*
17.91%
10Y*
14.58%

SCHY

1D
0.43%
1M
4.17%
YTD
12.68%
6M
13.50%
1Y
27.18%
3Y*
17.34%
5Y*
11.46%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. SCHY - Yearly Performance Comparison

2026 (YTD)20252024202320222021
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		23.81%29.21%21.44%8.41%-0.23%15.46%
SCHY
Schwab International Dividend Equity ETF		12.68%27.86%6.53%11.55%-3.69%7.14%

Correlation

The correlation between VDY.TO and SCHY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.49

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

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2021

0.53

The correlation between VDY.TO and SCHY shifts across timeframes, from 0.42 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

VDY.TO vs. SCHY - Sectors Allocation Comparison

Sectors
VDY.TO
SCHY

Financial Services

56.0%
15.9%

Energy

30.8%
9.6%

Utilities

4.1%
6.8%

Consumer Cyclical

3.0%
7.8%

Communication Services

2.8%
15.0%

Basic Materials

2.2%
5.8%

Consumer Defensive

0.4%
14.4%

Technology

0.4%
3.6%

Industrials

0.2%
13.0%

Healthcare

0.1%
7.4%

Real Estate

-

0.8%

Financial Services

VDY.TO
56.0%
SCHY
15.9%

Energy

VDY.TO
30.8%
SCHY
9.6%

Utilities

VDY.TO
4.1%
SCHY
6.8%

Consumer Cyclical

VDY.TO
3.0%
SCHY
7.8%

Communication Services

VDY.TO
2.8%
SCHY
15.0%

Basic Materials

VDY.TO
2.2%
SCHY
5.8%

Consumer Defensive

VDY.TO
0.4%
SCHY
14.4%

Technology

VDY.TO
0.4%
SCHY
3.6%

Industrials

VDY.TO
0.2%
SCHY
13.0%

Healthcare

VDY.TO
0.1%
SCHY
7.4%

Real Estate

VDY.TO

-

SCHY
0.8%

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 International Dividend Equity ETF

Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO
Often compared with SCHY:
SCHY vs. VYMISCHY vs. SCHDSCHY vs. SCHFSCHY vs. VXUSSCHY vs. VIGISCHY vs. IDVOSCHY vs. FIDI

Return for Risk

VDY.TO vs. SCHY — 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: 9898
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: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
SCHY
SCHY Risk / Return Rank: 6060
Overall Rank
SCHY Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SCHY Sortino Ratio Rank: 6464
Sortino Ratio Rank
SCHY Omega Ratio Rank: 6363
Omega Ratio Rank
SCHY Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHY Martin Ratio Rank: 5151
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. SCHY - 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 International Dividend Equity ETF (SCHY). 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.TOSCHYDifference
Sharpe ratioReturn per unit of total volatility
5.98
1.95

+4.03

Sortino ratioReturn per unit of downside risk
8.59
2.69

+5.90

Omega ratioGain probability vs. loss probability

2.21

1.34

+0.87

Calmar ratioReturn relative to maximum drawdown

15.94

2.87

+13.07

Martin ratioReturn relative to average drawdown

64.95

9.11

+55.84

VDY.TO vs. SCHY - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the SCHY Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VDY.TO and SCHY, 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. SCHY - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than SCHY's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for VDY.TO and SCHY.

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Drawdown Indicators

VDY.TOSCHYDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-18.13%

-21.08%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-8.76%

+5.64%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-10.33%

-0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-18.13%

+1.96%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.89%

+0.89%

Average Drawdown

Average peak-to-trough decline

-4.47%

-3.44%

-1.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.78%

-2.02%

Volatility

VDY.TO vs. SCHY - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 3.27%, while Schwab International Dividend Equity ETF (SCHY) has a volatility of 3.54%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDY.TOSCHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

3.54%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

6.96%

10.55%

-3.59%

Volatility (1Y)

Calculated over the trailing 1-year period

8.32%

12.94%

-4.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.58%

14.70%

-3.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

14.65%

+1.30%

VDY.TO vs. SCHY - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than SCHY's 0.08% 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. SCHY - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, less than SCHY's 3.36% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.83%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 SCHY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

SCHY is cheaper with a 0.08% expense ratio, compared with 0.22% for VDY.TO.

VDY.TO tracks FTSE Canada High Dividend Yield Index, while SCHY tracks Dow Jones International Dividend 100 Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.22% for VDY.TO and 0.08% for SCHY.

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