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

VGG.TO vs. SCHD

Last updated Jun 24, 2026

VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds - VGG.TO tracks the S&P U.S. Dividend Growers Index while SCHD tracks the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, VGG.TO returned 13.76%/yr vs 13.84%/yr for SCHD. A 0.59 correlation means they provide meaningful diversification when combined. VGG.TO charges 0.31%/yr vs 0.06%/yr for SCHD.

Performance

VGG.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Dividend Appreciation Index ETF (VGG.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

VGG.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, VGG.TO achieves a 10.93% return, which is significantly lower than SCHD's 21.76% return. Both investments have delivered pretty close results over the past 10 years, with VGG.TO having a 13.76% annualized return and SCHD not far ahead at 13.84%.

VGG.TO

1D
0.37%
1M
3.81%
YTD
10.93%
6M
10.63%
1Y
22.41%
3Y*
18.34%
5Y*
13.54%
10Y*
13.76%

SCHD

1D
0.34%
1M
0.29%
YTD
21.76%
6M
20.80%
1Y
28.42%
3Y*
17.49%
5Y*
11.82%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VGG.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		10.93%8.61%26.49%11.58%-4.21%22.23%12.67%23.32%5.20%13.99%
SCHD
Schwab U.S. Dividend Equity ETF		21.71%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between VGG.TO and SCHD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.55

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

0.61

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

0.60

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2013

0.59

The correlation between VGG.TO and SCHD has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

VGG.TO vs. SCHD - Sectors Allocation Comparison

Sectors
VGG.TO
SCHD

Technology

29.0%
19.4%

Financial Services

19.9%
9.1%

Healthcare

16.6%
18.4%

Industrials

11.3%
7.4%

Consumer Defensive

9.3%
18.5%

Consumer Cyclical

4.4%
6.7%

Basic Materials

3.3%
1.2%

Energy

3.2%
14.6%

Utilities

2.9%
0.0%

Communication Services

0.5%
6.0%

Real Estate

-

-

Technology

VGG.TO
29.0%
SCHD
19.4%

Financial Services

VGG.TO
19.9%
SCHD
9.1%

Healthcare

VGG.TO
16.6%
SCHD
18.4%

Industrials

VGG.TO
11.3%
SCHD
7.4%

Consumer Defensive

VGG.TO
9.3%
SCHD
18.5%

Consumer Cyclical

VGG.TO
4.4%
SCHD
6.7%

Basic Materials

VGG.TO
3.3%
SCHD
1.2%

Energy

VGG.TO
3.2%
SCHD
14.6%

Utilities

VGG.TO
2.9%
SCHD
0.0%

Communication Services

VGG.TO
0.5%
SCHD
6.0%

Real Estate

VGG.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 U.S. Dividend Appreciation Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with VGG.TO:
VGG.TO vs. VFV.TOVGG.TO vs. VIGVGG.TO vs. VUN.TOVGG.TO vs. ZUQ.TOVGG.TO vs. DGROVGG.TO vs. ZNQ.TOVGG.TO vs. RUD.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

VGG.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VGG.TO
VGG.TO Risk / Return Rank: 7070
Overall Rank
VGG.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VGG.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VGG.TO Omega Ratio Rank: 7070
Omega Ratio Rank
VGG.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
VGG.TO Martin Ratio Rank: 6767
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 7777
Overall Rank
SCHD Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8080
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7070
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9090
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7171
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.

VGG.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.20
2.40

-0.20

Sortino ratioReturn per unit of downside risk
3.16
3.65

-0.50

Omega ratioGain probability vs. loss probability

1.39

1.42

-0.02

Calmar ratioReturn relative to maximum drawdown

3.18

6.89

-3.71

Martin ratioReturn relative to average drawdown

11.87

17.18

-5.31

VGG.TO vs. SCHD - Sharpe Ratio Comparison

The current VGG.TO Sharpe Ratio is 2.20, which is comparable to the SCHD Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of VGG.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

VGG.TO vs. SCHD - Drawdown Comparison

The maximum VGG.TO drawdown since its inception was -24.58%, smaller than the maximum SCHD drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for VGG.TO and SCHD.

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Drawdown Indicators

VGG.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-24.58%

-27.31%

+2.73%

Max Drawdown (1Y)

Largest decline over 1 year

-7.07%

-4.14%

-2.93%

Max Drawdown (3Y)

Largest decline over 3 years

-15.56%

-15.24%

-0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-15.24%

-3.28%

Max Drawdown (10Y)

Largest decline over 10 years

-24.58%

-27.31%

+2.73%

Current Drawdown

Current decline from peak

0.00%

-1.09%

+1.09%

Average Drawdown

Average peak-to-trough decline

-2.92%

-3.04%

+0.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.66%

+0.23%

Volatility

VGG.TO vs. SCHD - Volatility Comparison

The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.61%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.95%. This indicates that VGG.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

VGG.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.61%

3.95%

-1.34%

Volatility (6M)

Calculated over the trailing 6-month period

7.89%

8.73%

-0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

10.26%

11.90%

-1.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.67%

15.56%

-2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.99%

17.83%

-2.84%

VGG.TO vs. SCHD - Expense Ratio Comparison

VGG.TO has a 0.31% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

VGG.TO vs. SCHD - Dividend Comparison

VGG.TO's dividend yield for the trailing twelve months is around 1.00%, less than SCHD's 3.30% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.30%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		1.00%1.16%1.23%1.37%1.35%1.21%1.25%1.24%1.50%1.45%1.63%1.70%

Frequently Asked Questions

VGG.TO and SCHD have a correlation of 0.52, 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 0.31% for VGG.TO.

VGG.TO tracks S&P U.S. Dividend Growers 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: 0.31% for VGG.TO and 0.06% for SCHD.

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