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

XDIV.TO vs. SCHD

Last updated Aug 2, 2026
Documentation

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XDIV.TO is a Quality Factor fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, XDIV.TO returned 18.81%/yr vs 12.16%/yr for SCHD. Their 0.55 correlation means they have sometimes moved together and sometimes differently. XDIV.TO charges 0.11%/yr vs 0.06%/yr for SCHD.

Performance

XDIV.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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

XDIV.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, XDIV.TO achieves a 29.20% return, which is significantly higher than SCHD's 26.90% return.

XDIV.TO

1D
0.17%
1M
5.65%
6M
27.57%
YTD
29.20%
1Y
46.87%
3Y*
25.73%
5Y*
18.81%
10Y*
—
ALL TIME*
13.97%

SCHD

1D
0.00%
1M
1.84%
6M
18.48%
YTD
26.90%
1Y
33.00%
3Y*
16.50%
5Y*
12.16%
10Y*
13.50%
ALL TIME*
15.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SCHD

Schwab U.S. Dividend Equity ETF
CA$1.11BCA$1.01BCA$957.48M

XDIV.TO

iShares Core MSCI Canadian Quality Dividend Index ETF
CA$9.07MCA$8.75MCA$8.92M

XDIV.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		29.20%25.04%19.84%11.95%0.49%33.31%-7.53%25.14%-9.81%8.81%
SCHD
Schwab U.S. Dividend Equity ETF		26.90%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%7.89%

Correlation

The correlation between XDIV.TO and SCHD is 0.44, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.44

Correlation (3Y)
Balances recent behavior with more history.

0.51

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.56

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2017

0.55

The correlation between XDIV.TO and SCHD shifts across timeframes, from 0.44 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.

XDIV.TO vs. SCHD - Sectors Allocation Comparison

Sectors
XDIV.TO
SCHD

Financial Services

49.5%
9.9%

Energy

26.7%
14.1%

Utilities

9.9%
0.1%

Consumer Cyclical

9.4%
7.7%

Communication Services

2.4%
6.2%

Industrials

2.1%
7.8%

Technology

1.3%
12.7%

Basic Materials

-

1.2%

Consumer Defensive

-

20.6%

Healthcare

-

20.8%

Real Estate

-

-

Financial Services

XDIV.TO
49.5%
SCHD
9.9%

Energy

XDIV.TO
26.7%
SCHD
14.1%

Utilities

XDIV.TO
9.9%
SCHD
0.1%

Consumer Cyclical

XDIV.TO
9.4%
SCHD
7.7%

Communication Services

XDIV.TO
2.4%
SCHD
6.2%

Industrials

XDIV.TO
2.1%
SCHD
7.8%

Technology

XDIV.TO
1.3%
SCHD
12.7%

Basic Materials

XDIV.TO

-

SCHD
1.2%

Consumer Defensive

XDIV.TO

-

SCHD
20.6%

Healthcare

XDIV.TO

-

SCHD
20.8%

Real Estate

XDIV.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.

iShares Core MSCI Canadian Quality Dividend Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

XDIV.TO vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 9595
Overall Rank
SCHD Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9696
Sortino Ratio Rank
SCHD Omega Ratio Rank: 9494
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9696
Calmar Ratio Rank
SCHD Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

XDIV.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
5.35
2.71

+2.65

Sortino ratioReturn per unit of downside risk
7.62
4.14

+3.49

Omega ratioGain probability vs. loss probability

2.11

1.47

+0.64

Calmar ratioReturn relative to maximum drawdown

16.59

7.93

+8.66

Martin ratioReturn relative to average drawdown

54.78

20.64

+34.14

XDIV.TO vs. SCHD - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.35, which is higher than the SCHD Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of XDIV.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

XDIV.TO vs. SCHD - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and SCHD.

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Drawdown Indicators

XDIV.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-27.31%

-13.98%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-4.14%

+1.36%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-15.24%

+4.71%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-15.24%

-2.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.31%

—

Current Drawdown

Current decline from peak

0.00%

-2.03%

+2.03%

Average Drawdown

Average peak-to-trough decline

-4.34%

-3.02%

-1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.84%

1.59%

-0.75%

Volatility

XDIV.TO vs. SCHD - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.31%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.58%. This indicates that XDIV.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

XDIV.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

4.58%

-2.27%

Volatility (6M)

Calculated over the trailing 6-month period

6.72%

9.07%

-2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

8.65%

12.19%

-3.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.55%

15.57%

-5.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

17.85%

-1.59%

XDIV.TO vs. SCHD - Expense Ratio Comparison

XDIV.TO has a 0.11% 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

XDIV.TO vs. SCHD - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.08%, less than SCHD's 3.13% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.13%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.08%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

Frequently Asked Questions

XDIV.TO and SCHD have a correlation of 0.44, 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 0.11% for XDIV.TO.

XDIV.TO is categorized as Quality Factor, while SCHD is Dividend. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.11% for XDIV.TO and 0.06% for SCHD.

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