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

XCG.TO vs. SCHD

Last updated Jun 5, 2026

XCG.TO (iShares Canadian Growth Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XCG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, XCG.TO returned 9.54%/yr vs 13.62%/yr for SCHD. At a 0.37 correlation, their price movements are largely independent. XCG.TO charges 0.55%/yr vs 0.06%/yr for SCHD.

Performance

XCG.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Growth Index ETF (XCG.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

XCG.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, XCG.TO achieves a 2.86% return, which is significantly lower than SCHD's 20.52% return. Over the past 10 years, XCG.TO has underperformed SCHD with an annualized return of 9.54%, while SCHD has yielded a comparatively higher 13.62% annualized return.

XCG.TO

1D
0.92%
1M
3.98%
YTD
2.86%
6M
-4.93%
1Y
5.89%
3Y*
13.77%
5Y*
8.36%
10Y*
9.54%

SCHD

1D
0.00%
1M
4.22%
YTD
20.52%
6M
18.31%
1Y
29.93%
3Y*
16.61%
5Y*
11.45%
10Y*
13.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCG.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCG.TO
iShares Canadian Growth Index ETF		2.86%9.37%21.40%17.43%-11.67%15.98%11.25%28.29%-6.14%7.03%
SCHD
Schwab U.S. Dividend Equity ETF		21.46%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between XCG.TO and SCHD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.38

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

0.41

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

0.38

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

0.37

The correlation between XCG.TO and SCHD shifts across timeframes, from 0.21 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

XCG.TO vs. SCHD - Sectors Allocation Comparison

Sectors
XCG.TO
SCHD

Basic Materials

27.2%
1.2%

Industrials

22.4%
7.5%

Technology

17.0%
16.4%

Financial Services

10.0%
9.3%

Energy

9.7%
16.2%

Consumer Cyclical

7.2%
6.3%

Consumer Defensive

4.6%
19.2%

Communication Services

1.5%
6.3%

Real Estate

0.4%

-

Healthcare

-

18.8%

Utilities

-

0.0%

Basic Materials

XCG.TO
27.2%
SCHD
1.2%

Industrials

XCG.TO
22.4%
SCHD
7.5%

Technology

XCG.TO
17.0%
SCHD
16.4%

Financial Services

XCG.TO
10.0%
SCHD
9.3%

Energy

XCG.TO
9.7%
SCHD
16.2%

Consumer Cyclical

XCG.TO
7.2%
SCHD
6.3%

Consumer Defensive

XCG.TO
4.6%
SCHD
19.2%

Communication Services

XCG.TO
1.5%
SCHD
6.3%

Real Estate

XCG.TO
0.4%
SCHD

-

Healthcare

XCG.TO

-

SCHD
18.8%

Utilities

XCG.TO

-

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.

iShares Canadian Growth Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with XCG.TO:
XCG.TO vs. XGRO.TOXCG.TO vs. VGRO.TOXCG.TO vs. VUGXCG.TO vs. VFV.TOXCG.TO vs. SCHGXCG.TO vs. XEG.TOXCG.TO vs. VDY.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

XCG.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCG.TO
XCG.TO Risk / Return Rank: 1414
Overall Rank
XCG.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XCG.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XCG.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XCG.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
XCG.TO Martin Ratio Rank: 1515
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8585
Overall Rank
SCHD Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8989
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8080
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9292
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8080
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Growth Index ETF (XCG.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.

XCG.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
0.30
2.70

-2.41

Sortino ratioReturn per unit of downside risk
0.52
4.16

-3.64

Omega ratioGain probability vs. loss probability

1.07

1.49

-0.42

Calmar ratioReturn relative to maximum drawdown

0.39

7.00

-6.61

Martin ratioReturn relative to average drawdown

1.12

20.23

-19.11

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

XCG.TO vs. SCHD - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is 0.30, which is lower than the SCHD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of XCG.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

XCG.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

2.70

-2.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.91

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.90

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.13

-0.76

Drawdowns

XCG.TO vs. SCHD - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.64%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for XCG.TO and SCHD.

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Drawdown Indicators

XCG.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-52.64%

-26.93%

-25.71%

Max Drawdown (1Y)

Largest decline over 1 year

-15.27%

-4.30%

-10.97%

Max Drawdown (3Y)

Largest decline over 3 years

-15.27%

-15.30%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-15.30%

-6.31%

Max Drawdown (10Y)

Largest decline over 10 years

-32.14%

-26.93%

-5.21%

Current Drawdown

Current decline from peak

-6.45%

-0.82%

-5.63%

Average Drawdown

Average peak-to-trough decline

-10.87%

-2.86%

-8.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.26%

1.48%

+3.78%

Volatility

XCG.TO vs. SCHD - Volatility Comparison

iShares Canadian Growth Index ETF (XCG.TO) has a higher volatility of 5.11% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.96%. This indicates that XCG.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

XCG.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

2.96%

+2.15%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

8.30%

+8.72%

Volatility (1Y)

Calculated over the trailing 1-year period

20.07%

11.16%

+8.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

12.65%

+3.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.48%

15.18%

+1.30%

XCG.TO vs. SCHD - Expense Ratio Comparison

XCG.TO has a 0.55% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

XCG.TO vs. SCHD - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.49%, less than SCHD's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.24%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
XCG.TO
iShares Canadian Growth Index ETF		0.49%0.45%0.60%1.33%1.59%1.46%1.69%1.53%1.65%1.03%0.97%0.72%

Frequently Asked Questions

XCG.TO and SCHD have a correlation of 0.21, 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 0.55% for XCG.TO.

XCG.TO is categorized as Canada Equities, while SCHD is Dividend. XCG.TO tracks Morningstar Canada GR CAD, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.55% for XCG.TO and 0.06% for SCHD.

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