XQB.TO vs. SCHD
Compare and contrast key facts about iShares High Quality Canadian Bond Index ETF (XQB.TO) and Schwab US Dividend Equity ETF (SCHD).
XQB.TO and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XQB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 19, 2009. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both XQB.TO and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XQB.TO or SCHD.
Key characteristics
| XQB.TO | SCHD | |
|---|---|---|
| YTD Return | 4.24% | 18.08% |
| 1Y Return | 9.97% | 30.78% |
| 3Y Return (Ann) | 0.39% | 7.17% |
| 5Y Return (Ann) | 0.84% | 13.03% |
| 10Y Return (Ann) | 2.00% | 11.72% |
| Sharpe Ratio | 2.09 | 2.85 |
| Sortino Ratio | 3.20 | 4.10 |
| Omega Ratio | 1.38 | 1.51 |
| Calmar Ratio | 0.88 | 3.16 |
| Martin Ratio | 8.67 | 15.75 |
| Ulcer Index | 1.36% | 2.04% |
| Daily Std Dev | 5.54% | 11.24% |
| Max Drawdown | -16.57% | -33.37% |
| Current Drawdown | -3.88% | 0.00% |
Correlation
The correlation between XQB.TO and SCHD is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XQB.TO vs. SCHD - Performance Comparison
In the year-to-date period, XQB.TO achieves a 4.24% return, which is significantly lower than SCHD's 18.08% return. Over the past 10 years, XQB.TO has underperformed SCHD with an annualized return of 2.00%, while SCHD has yielded a comparatively higher 11.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XQB.TO vs. SCHD - Expense Ratio Comparison
XQB.TO has a 0.13% 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%.
Risk-Adjusted Performance
XQB.TO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Quality Canadian Bond Index ETF (XQB.TO) and Schwab US 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.
Dividends
XQB.TO vs. SCHD - Dividend Comparison
XQB.TO's dividend yield for the trailing twelve months is around 3.17%, less than SCHD's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XQB.TO iShares High Quality Canadian Bond Index ETF | 3.17% | 2.93% | 2.75% | 2.37% | 2.37% | 2.53% | 2.59% | 2.54% | 2.67% | 2.80% | 2.94% | 8.49% |
SCHD Schwab US Dividend Equity ETF | 3.35% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
XQB.TO vs. SCHD - Drawdown Comparison
The maximum XQB.TO drawdown since its inception was -16.57%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for XQB.TO and SCHD. For additional features, visit the drawdowns tool.
Volatility
XQB.TO vs. SCHD - Volatility Comparison
The current volatility for iShares High Quality Canadian Bond Index ETF (XQB.TO) is 2.29%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.41%. This indicates that XQB.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.