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

VVL.TO vs. SCHD

Last updated Jul 12, 2026
Documentation

VVL.TO (Vanguard Global Value Factor ETF CAD) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - VVL.TO is a Global Equities fund actively managed by Vanguard, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. VVL.TO is actively managed, while SCHD is passively managed. Over the past 10 years, VVL.TO returned 12.23%/yr vs 13.21%/yr for SCHD. A 0.62 correlation means they provide meaningful diversification when combined. VVL.TO charges 0.38%/yr vs 0.06%/yr for SCHD.

Performance

VVL.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Value Factor ETF CAD (VVL.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

VVL.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, VVL.TO achieves a 16.75% return, which is significantly lower than SCHD's 24.16% return. Over the past 10 years, VVL.TO has underperformed SCHD with an annualized return of 12.23%, while SCHD has yielded a comparatively higher 13.21% annualized return.

VVL.TO

1D
0.43%
1M
3.63%
6M
11.20%
YTD
16.75%
1Y
28.88%
3Y*
20.66%
5Y*
14.63%
10Y*
12.23%

SCHD

1D
0.40%
1M
1.94%
6M
17.84%
YTD
24.16%
1Y
27.46%
3Y*
16.52%
5Y*
11.55%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVL.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VVL.TO
Vanguard Global Value Factor ETF CAD		16.75%18.01%15.01%16.57%0.50%29.77%-3.29%13.44%-9.39%12.34%
SCHD
Schwab U.S. Dividend Equity ETF		24.16%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between VVL.TO and SCHD is 0.59, 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

0.59

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

0.63

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

0.66

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

0.62

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2016

0.62

The correlation between VVL.TO and SCHD has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

VVL.TO vs. SCHD - Sectors Allocation Comparison

Sectors
VVL.TO
SCHD

Financial Services

25.3%
9.1%

Consumer Cyclical

14.8%
6.7%

Healthcare

10.8%
18.4%

Technology

10.5%
19.4%

Industrials

9.8%
7.4%

Energy

9.4%
14.6%

Consumer Defensive

6.5%
18.5%

Communication Services

6.1%
6.0%

Basic Materials

6.0%
1.2%

Real Estate

0.9%

-

Utilities

0.0%
0.0%

Financial Services

VVL.TO
25.3%
SCHD
9.1%

Consumer Cyclical

VVL.TO
14.8%
SCHD
6.7%

Healthcare

VVL.TO
10.8%
SCHD
18.4%

Technology

VVL.TO
10.5%
SCHD
19.4%

Industrials

VVL.TO
9.8%
SCHD
7.4%

Energy

VVL.TO
9.4%
SCHD
14.6%

Consumer Defensive

VVL.TO
6.5%
SCHD
18.5%

Communication Services

VVL.TO
6.1%
SCHD
6.0%

Basic Materials

VVL.TO
6.0%
SCHD
1.2%

Real Estate

VVL.TO
0.9%
SCHD

-

Utilities

VVL.TO
0.0%
SCHD
0.0%

Compare stocks, funds, or ETFs

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

Vanguard Global Value Factor ETF CAD

Schwab U.S. Dividend Equity ETF

Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. VGG.TOVVL.TO vs. VEQT.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

VVL.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVL.TO
VVL.TO Risk / Return Rank: 8080
Overall Rank
VVL.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 7878
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8181
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8383
Overall Rank
SCHD Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8787
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7777
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9292
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7878
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Factor ETF CAD (VVL.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.

VVL.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.25

-0.22

Sortino ratioReturn per unit of downside risk
2.96
3.45

-0.49

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.03

Calmar ratioReturn relative to maximum drawdown

3.18

6.39

-3.21

Martin ratioReturn relative to average drawdown

12.50

16.44

-3.94

VVL.TO vs. SCHD - Sharpe Ratio Comparison

The current VVL.TO Sharpe Ratio is 2.03, which is comparable to the SCHD Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of VVL.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

VVL.TO vs. SCHD - Drawdown Comparison

The maximum VVL.TO drawdown since its inception was -43.88%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for VVL.TO and SCHD.

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Drawdown Indicators

VVL.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-43.88%

-27.31%

-16.57%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-4.14%

-4.69%

Max Drawdown (3Y)

Largest decline over 3 years

-18.07%

-15.24%

-2.83%

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

-15.24%

-2.83%

Max Drawdown (10Y)

Largest decline over 10 years

-43.88%

-27.31%

-16.57%

Current Drawdown

Current decline from peak

-0.37%

-0.75%

+0.38%

Average Drawdown

Average peak-to-trough decline

-5.74%

-3.03%

-2.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.26%

1.66%

+0.60%

Volatility

VVL.TO vs. SCHD - Volatility Comparison

The current volatility for Vanguard Global Value Factor ETF CAD (VVL.TO) is 3.28%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.71%. This indicates that VVL.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

VVL.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

3.71%

-0.43%

Volatility (6M)

Calculated over the trailing 6-month period

9.45%

8.86%

+0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

13.86%

11.82%

+2.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.07%

15.52%

+0.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.77%

17.81%

+0.96%

VVL.TO vs. SCHD - Expense Ratio Comparison

VVL.TO has a 0.38% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

VVL.TO vs. SCHD - Dividend Comparison

VVL.TO's dividend yield for the trailing twelve months is around 1.62%, less than SCHD's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.23%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
VVL.TO
Vanguard Global Value Factor ETF CAD		1.62%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%0.00%

Frequently Asked Questions

VVL.TO and SCHD have a correlation of 0.59, 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 0.38% for VVL.TO.

VVL.TO is categorized as Global Equities, while SCHD is Dividend. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.38% for VVL.TO and 0.06% for SCHD.

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