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

XDV.TO vs. SCHD

Last updated Jun 4, 2026

XDV.TO (iShares Canadian Select Dividend Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XDV.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, XDV.TO returned 11.99%/yr vs 13.54%/yr for SCHD. A 0.50 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.06%/yr for SCHD.

Performance

XDV.TO vs. SCHD - Performance Comparison

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

XDV.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, XDV.TO achieves a 16.45% return, which is significantly lower than SCHD's 20.03% return. Over the past 10 years, XDV.TO has underperformed SCHD with an annualized return of 11.99%, while SCHD has yielded a comparatively higher 13.54% annualized return.

XDV.TO

1D
-0.09%
1M
4.74%
YTD
16.45%
6M
20.26%
1Y
39.82%
3Y*
23.34%
5Y*
13.46%
10Y*
11.99%

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)

XDV.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDV.TO
iShares Canadian Select Dividend Index ETF		16.45%29.37%21.28%8.00%-8.57%31.30%-0.38%21.30%-12.48%11.06%
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 XDV.TO and SCHD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.48

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

0.52

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

0.53

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

0.50

The correlation between XDV.TO and SCHD shifts across timeframes, from 0.41 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.

XDV.TO vs. SCHD - Sectors Allocation Comparison

Sectors
XDV.TO
SCHD

Financial Services

51.5%
9.3%

Energy

11.8%
16.2%

Consumer Cyclical

11.5%
6.3%

Utilities

11.0%
0.0%

Communication Services

7.5%
6.3%

Industrials

3.3%
7.5%

Consumer Defensive

1.7%
19.2%

Basic Materials

1.6%
1.2%

Healthcare

-

18.8%

Real Estate

-

-

Technology

-

16.4%

Financial Services

XDV.TO
51.5%
SCHD
9.3%

Energy

XDV.TO
11.8%
SCHD
16.2%

Consumer Cyclical

XDV.TO
11.5%
SCHD
6.3%

Utilities

XDV.TO
11.0%
SCHD
0.0%

Communication Services

XDV.TO
7.5%
SCHD
6.3%

Industrials

XDV.TO
3.3%
SCHD
7.5%

Consumer Defensive

XDV.TO
1.7%
SCHD
19.2%

Basic Materials

XDV.TO
1.6%
SCHD
1.2%

Healthcare

XDV.TO

-

SCHD
18.8%

Real Estate

XDV.TO

-

SCHD

-

Technology

XDV.TO

-

SCHD
16.4%

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 Select Dividend Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with XDV.TO:
XDV.TO vs. XDIV.TOXDV.TO vs. VDY.TOXDV.TO vs. XEI.TOXDV.TO vs. CDZ.TOXDV.TO vs. ZDV.TOXDV.TO vs. XIU.TOXDV.TO vs. ZSP.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

XDV.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDV.TO
XDV.TO Risk / Return Rank: 9797
Overall Rank
XDV.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XDV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDV.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XDV.TO Martin Ratio Rank: 9797
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Select Dividend Index ETF (XDV.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.

XDV.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
5.11
2.57

+2.55

Sortino ratioReturn per unit of downside risk
7.58
3.98

+3.61

Omega ratioGain probability vs. loss probability

2.02

1.47

+0.56

Calmar ratioReturn relative to maximum drawdown

8.35

6.61

+1.74

Martin ratioReturn relative to average drawdown

41.42

19.13

+22.29

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

XDV.TO vs. SCHD - Sharpe Ratio Comparison

The current XDV.TO Sharpe Ratio is 5.11, which is higher than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XDV.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

XDV.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.11

2.57

+2.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.26

0.90

+0.36

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

0.59

1.12

-0.54

Drawdowns

XDV.TO vs. SCHD - Drawdown Comparison

The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for XDV.TO and SCHD.

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Drawdown Indicators

XDV.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-48.56%

-26.93%

-21.63%

Max Drawdown (1Y)

Largest decline over 1 year

-4.79%

-4.30%

-0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-12.99%

-15.30%

+2.31%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-15.30%

-5.22%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-26.93%

-12.15%

Current Drawdown

Current decline from peak

-0.18%

-1.22%

+1.04%

Average Drawdown

Average peak-to-trough decline

-6.78%

-2.86%

-3.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

1.48%

-0.52%

Volatility

XDV.TO vs. SCHD - Volatility Comparison

iShares Canadian Select Dividend Index ETF (XDV.TO) has a higher volatility of 2.79% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that XDV.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

XDV.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

2.63%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

6.53%

8.23%

-1.70%

Volatility (1Y)

Calculated over the trailing 1-year period

7.83%

11.10%

-3.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.71%

12.63%

-1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.63%

15.18%

-0.55%

XDV.TO vs. SCHD - Expense Ratio Comparison

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

Dividends

XDV.TO vs. SCHD - Dividend Comparison

XDV.TO's dividend yield for the trailing twelve months is around 3.36%, more 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%
XDV.TO
iShares Canadian Select Dividend Index ETF		3.36%3.46%4.34%4.62%4.49%3.82%4.78%4.21%4.92%3.65%3.91%4.75%

Frequently Asked Questions

XDV.TO and SCHD have a correlation of 0.41, 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 XDV.TO.

XDV.TO is categorized as Canada Equities, while SCHD is Dividend. XDV.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 XDV.TO and 0.06% for SCHD.

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