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

XCG.TO vs. SCHG

Last updated Jun 25, 2026

XCG.TO (iShares Canadian Growth Index ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - XCG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, XCG.TO returned 8.62%/yr vs 19.85%/yr for SCHG. At a 0.43 correlation, their price movements are largely independent. XCG.TO charges 0.55%/yr vs 0.04%/yr for SCHG.

Performance

XCG.TO vs. SCHG - 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. Large-Cap Growth ETF (SCHG). 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 SCHG is traded in USD. To make them comparable, the SCHG 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 -8.91% return, which is significantly lower than SCHG's 5.03% return. Over the past 10 years, XCG.TO has underperformed SCHG with an annualized return of 8.62%, while SCHG has yielded a comparatively higher 19.85% annualized return.

XCG.TO

1D
-0.55%
1M
-2.50%
YTD
-8.91%
6M
-10.48%
1Y
-7.95%
3Y*
9.83%
5Y*
5.26%
10Y*
8.62%

SCHG

1D
0.24%
1M
-1.02%
YTD
5.03%
6M
3.55%
1Y
20.10%
3Y*
25.29%
5Y*
16.53%
10Y*
19.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCG.TO vs. SCHG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCG.TO
iShares Canadian Growth Index ETF		-8.91%9.36%21.39%17.03%-11.66%16.02%11.28%26.01%-4.41%7.06%
SCHG
Schwab U.S. Large-Cap Growth ETF		5.03%12.14%46.38%46.53%-27.48%28.05%35.84%30.41%6.94%19.38%

Correlation

The correlation between XCG.TO and SCHG 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

0.53

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

0.56

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

0.47

Correlation (All Time)
Calculated using the full available price history since Dec 11, 2009

0.43

The correlation between XCG.TO and SCHG shifts across timeframes, from 0.43 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.

XCG.TO vs. SCHG - Sectors Allocation Comparison

Sectors
XCG.TO
SCHG

Basic Materials

28.3%
1.3%

Industrials

22.2%
6.0%

Technology

17.1%
46.7%

Financial Services

10.1%
6.6%

Energy

9.0%
0.7%

Consumer Cyclical

6.9%
12.4%

Consumer Defensive

4.5%
1.6%

Communication Services

1.5%
15.3%

Real Estate

0.4%
0.5%

Healthcare

-

8.4%

Utilities

-

0.4%

Basic Materials

XCG.TO
28.3%
SCHG
1.3%

Industrials

XCG.TO
22.2%
SCHG
6.0%

Technology

XCG.TO
17.1%
SCHG
46.7%

Financial Services

XCG.TO
10.1%
SCHG
6.6%

Energy

XCG.TO
9.0%
SCHG
0.7%

Consumer Cyclical

XCG.TO
6.9%
SCHG
12.4%

Consumer Defensive

XCG.TO
4.5%
SCHG
1.6%

Communication Services

XCG.TO
1.5%
SCHG
15.3%

Real Estate

XCG.TO
0.4%
SCHG
0.5%

Healthcare

XCG.TO

-

SCHG
8.4%

Utilities

XCG.TO

-

SCHG
0.4%

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. Large-Cap Growth ETF

Often compared with XCG.TO:
XCG.TO vs. XGRO.TOXCG.TO vs. VGRO.TOXCG.TO vs. VUGXCG.TO vs. VFV.TOXCG.TO vs. VDY.TOXCG.TO vs. XEG.TOXCG.TO vs. XMD.TO
Often compared with SCHG:
SCHG vs. SCHDSCHG vs. QQQMSCHG vs. VOOSCHG vs. VUGSCHG vs. QQQSCHG vs. SPMOSCHG vs. SPYG

Return for Risk

XCG.TO vs. SCHG — 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: 66
Overall Rank
XCG.TO Sharpe Ratio Rank: 66
Sharpe Ratio Rank
XCG.TO Sortino Ratio Rank: 66
Sortino Ratio Rank
XCG.TO Omega Ratio Rank: 66
Omega Ratio Rank
XCG.TO Calmar Ratio Rank: 66
Calmar Ratio Rank
XCG.TO Martin Ratio Rank: 66
Martin Ratio Rank
SCHG
SCHG Risk / Return Rank: 2727
Overall Rank
SCHG Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 2828
Sortino Ratio Rank
SCHG Omega Ratio Rank: 2828
Omega Ratio Rank
SCHG Calmar Ratio Rank: 2222
Calmar Ratio Rank
SCHG Martin Ratio Rank: 2626
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. SCHG - 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. Large-Cap Growth ETF (SCHG). 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.

XCG.TOSCHGDifference
Sharpe ratioReturn per unit of total volatility
-0.33
1.24

-1.57

Sortino ratioReturn per unit of downside risk
-0.27
1.75

-2.02

Omega ratioGain probability vs. loss probability

0.96

1.22

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.37

1.21

-1.58

Martin ratioReturn relative to average drawdown

-0.79

3.55

-4.34

XCG.TO vs. SCHG - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is -0.33, which is lower than the SCHG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of XCG.TO and SCHG, 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

XCG.TO vs. SCHG - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.63%, which is greater than SCHG's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for XCG.TO and SCHG.

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Drawdown Indicators

XCG.TOSCHGDifference

Max Drawdown

Largest peak-to-trough decline

-52.63%

-32.68%

-19.95%

Max Drawdown (1Y)

Largest decline over 1 year

-21.45%

-16.70%

-4.75%

Max Drawdown (3Y)

Largest decline over 3 years

-21.45%

-24.01%

+2.56%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

-32.68%

+11.06%

Max Drawdown (10Y)

Largest decline over 10 years

-33.36%

-32.68%

-0.68%

Current Drawdown

Current decline from peak

-17.16%

-3.77%

-13.39%

Average Drawdown

Average peak-to-trough decline

-11.08%

-4.79%

-6.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.06%

5.68%

+4.38%

Volatility

XCG.TO vs. SCHG - Volatility Comparison

iShares Canadian Growth Index ETF (XCG.TO) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 6.00% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCG.TOSCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

6.10%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

22.14%

12.61%

+9.53%

Volatility (1Y)

Calculated over the trailing 1-year period

24.50%

16.28%

+8.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.25%

23.11%

-5.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.13%

22.53%

-3.40%

XCG.TO vs. SCHG - Expense Ratio Comparison

XCG.TO has a 0.55% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

XCG.TO vs. SCHG - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.54%, more than SCHG's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHG
Schwab U.S. Large-Cap Growth ETF		0.38%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%
XCG.TO
iShares Canadian Growth Index ETF		0.54%0.44%0.60%1.01%1.59%1.49%1.73%1.56%1.65%1.05%0.99%0.74%

Frequently Asked Questions

XCG.TO and SCHG 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, SCHG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHG is cheaper with a 0.04% expense ratio, compared with 0.55% for XCG.TO.

XCG.TO is categorized as Canada Equities, while SCHG is Large Cap Growth Equities. XCG.TO tracks Morningstar Canada GR CAD, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.55% for XCG.TO and 0.04% for SCHG.

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