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

XBAL.TO vs. SCHD

Last updated Jun 4, 2026

XBAL.TO (iShares Core Balanced ETF Portfolio) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XBAL.TO is a Diversified Portfolio fund actively managed by iShares, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. XBAL.TO is actively managed, while SCHD is passively managed. Over the past 10 years, XBAL.TO returned 7.69%/yr vs 13.54%/yr for SCHD. A 0.51 correlation means they provide meaningful diversification when combined. XBAL.TO charges 0.20%/yr vs 0.06%/yr for SCHD.

Performance

XBAL.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Balanced ETF Portfolio (XBAL.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

XBAL.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, XBAL.TO achieves a 7.81% return, which is significantly lower than SCHD's 20.03% return. Over the past 10 years, XBAL.TO has underperformed SCHD with an annualized return of 7.69%, while SCHD has yielded a comparatively higher 13.54% annualized return.

XBAL.TO

1D
-0.36%
1M
4.13%
YTD
7.81%
6M
6.00%
1Y
17.48%
3Y*
14.21%
5Y*
8.15%
10Y*
7.69%

SCHD

1D
0.00%
1M
4.32%
YTD
20.03%
6M
17.69%
1Y
28.28%
3Y*
16.27%
5Y*
11.36%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XBAL.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XBAL.TO
iShares Core Balanced ETF Portfolio		7.81%11.87%15.76%13.01%-11.19%10.11%10.67%15.28%-2.80%5.48%
SCHD
Schwab U.S. Dividend Equity ETF		20.52%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between XBAL.TO and SCHD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.50

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

0.57

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

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.51

The correlation between XBAL.TO and SCHD shifts across timeframes, from 0.34 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

XBAL.TO vs. SCHD - Sectors Allocation Comparison

Sectors
XBAL.TO
SCHD

Technology

21.6%
16.4%

Financial Services

20.5%
9.3%

Industrials

12.4%
7.5%

Consumer Cyclical

8.0%
6.3%

Energy

7.5%
16.2%

Basic Materials

7.4%
1.2%

Healthcare

6.6%
18.8%

Communication Services

6.4%
6.3%

Consumer Defensive

4.6%
19.2%

Utilities

2.9%
0.0%

Real Estate

2.3%

-

Technology

XBAL.TO
21.6%
SCHD
16.4%

Financial Services

XBAL.TO
20.5%
SCHD
9.3%

Industrials

XBAL.TO
12.4%
SCHD
7.5%

Consumer Cyclical

XBAL.TO
8.0%
SCHD
6.3%

Energy

XBAL.TO
7.5%
SCHD
16.2%

Basic Materials

XBAL.TO
7.4%
SCHD
1.2%

Healthcare

XBAL.TO
6.6%
SCHD
18.8%

Communication Services

XBAL.TO
6.4%
SCHD
6.3%

Consumer Defensive

XBAL.TO
4.6%
SCHD
19.2%

Utilities

XBAL.TO
2.9%
SCHD
0.0%

Real Estate

XBAL.TO
2.3%
SCHD

-

Compare stocks, funds, or ETFs

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iShares Core Balanced ETF Portfolio

Schwab U.S. Dividend Equity ETF

Often compared with XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

XBAL.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XBAL.TO
XBAL.TO Risk / Return Rank: 6161
Overall Rank
XBAL.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 6262
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 6565
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.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.

XBAL.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.06
2.57

-0.50

Sortino ratioReturn per unit of downside risk
2.87
3.98

-1.11

Omega ratioGain probability vs. loss probability

1.39

1.47

-0.08

Calmar ratioReturn relative to maximum drawdown

2.89

6.61

-3.72

Martin ratioReturn relative to average drawdown

12.15

19.13

-6.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBAL.TO vs. SCHD - Sharpe Ratio Comparison

The current XBAL.TO Sharpe Ratio is 2.06, which is comparable to the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XBAL.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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Sharpe Ratios by Period

XBAL.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.06

2.57

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

0.90

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.90

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.12

-0.45

Drawdowns

XBAL.TO vs. SCHD - Drawdown Comparison

The maximum XBAL.TO drawdown since its inception was -28.83%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and SCHD.

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Drawdown Indicators

XBAL.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-28.83%

-26.93%

-1.90%

Max Drawdown (1Y)

Largest decline over 1 year

-6.06%

-4.30%

-1.76%

Max Drawdown (3Y)

Largest decline over 3 years

-9.35%

-15.30%

+5.95%

Max Drawdown (5Y)

Largest decline over 5 years

-17.12%

-15.30%

-1.82%

Max Drawdown (10Y)

Largest decline over 10 years

-20.93%

-26.93%

+6.00%

Current Drawdown

Current decline from peak

-0.36%

-1.22%

+0.86%

Average Drawdown

Average peak-to-trough decline

-3.39%

-2.86%

-0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

1.48%

-0.04%

Volatility

XBAL.TO vs. SCHD - Volatility Comparison

iShares Core Balanced ETF Portfolio (XBAL.TO) has a higher volatility of 3.14% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that XBAL.TO'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

XBAL.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

2.63%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

7.21%

8.23%

-1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

8.51%

11.10%

-2.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.79%

12.63%

-3.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.37%

15.18%

-5.81%

XBAL.TO vs. SCHD - Expense Ratio Comparison

XBAL.TO has a 0.20% 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

XBAL.TO vs. SCHD - Dividend Comparison

XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, less than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.10%2.24%2.68%2.40%2.09%1.74%1.99%2.26%3.39%2.93%3.64%3.29%

Frequently Asked Questions

XBAL.TO and SCHD have a correlation of 0.34, 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 0.20% for XBAL.TO.

XBAL.TO is categorized as Diversified Portfolio, while SCHD is Dividend. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.20% for XBAL.TO and 0.06% for SCHD.

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