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

XSMC.TO vs. SCHD

Last updated Jun 4, 2026

XSMC.TO (iShares S&P U.S. Small-Cap Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XSMC.TO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 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, XSMC.TO returned 8.32%/yr vs 11.36%/yr for SCHD. A 0.61 correlation means they provide meaningful diversification when combined. XSMC.TO charges 0.22%/yr vs 0.06%/yr for SCHD.

Performance

XSMC.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Small-Cap Index ETF (XSMC.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

XSMC.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, XSMC.TO achieves a 16.67% return, which is significantly lower than SCHD's 20.03% return.

XSMC.TO

1D
-0.44%
1M
3.55%
YTD
16.67%
6M
13.55%
1Y
32.62%
3Y*
15.37%
5Y*
8.32%
10Y*
—

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)

XSMC.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSMC.TO
iShares S&P U.S. Small-Cap Index ETF		16.67%0.80%17.06%13.24%-10.56%25.12%8.66%3.84%
SCHD
Schwab U.S. Dividend Equity ETF		20.52%-0.44%21.25%2.24%3.64%28.70%13.08%3.79%

Correlation

The correlation between XSMC.TO and SCHD is 0.59, 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

0.59

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

0.65

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

0.65

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2019

0.61

The correlation between XSMC.TO and SCHD has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

XSMC.TO vs. SCHD - Sectors Allocation Comparison

Sectors
XSMC.TO
SCHD

Financial Services

16.4%
9.3%

Industrials

16.1%
7.5%

Technology

16.0%
16.4%

Consumer Cyclical

12.9%
6.3%

Healthcare

10.8%
18.8%

Real Estate

7.4%

-

Energy

7.0%
16.2%

Basic Materials

4.6%
1.2%

Consumer Defensive

3.4%
19.2%

Communication Services

3.2%
6.3%

Utilities

1.8%
0.0%

Financial Services

XSMC.TO
16.4%
SCHD
9.3%

Industrials

XSMC.TO
16.1%
SCHD
7.5%

Technology

XSMC.TO
16.0%
SCHD
16.4%

Consumer Cyclical

XSMC.TO
12.9%
SCHD
6.3%

Healthcare

XSMC.TO
10.8%
SCHD
18.8%

Real Estate

XSMC.TO
7.4%
SCHD

-

Energy

XSMC.TO
7.0%
SCHD
16.2%

Basic Materials

XSMC.TO
4.6%
SCHD
1.2%

Consumer Defensive

XSMC.TO
3.4%
SCHD
19.2%

Communication Services

XSMC.TO
3.2%
SCHD
6.3%

Utilities

XSMC.TO
1.8%
SCHD
0.0%

Compare stocks, funds, or ETFs

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iShares S&P U.S. Small-Cap Index ETF

Schwab U.S. Dividend Equity ETF

Often compared with XSMC.TO:
XSMC.TO vs. XMC.TOXSMC.TO vs. XSU.TOXSMC.TO vs. XVLU.TOXSMC.TO vs. XSMH.TOXSMC.TO vs. XUS.TOXSMC.TO vs. TTWOXSMC.TO vs. XDIV.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

XSMC.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSMC.TO
XSMC.TO Risk / Return Rank: 6262
Overall Rank
XSMC.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSMC.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XSMC.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XSMC.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
XSMC.TO Martin Ratio Rank: 7373
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Small-Cap Index ETF (XSMC.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.

XSMC.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.57

-0.73

Sortino ratioReturn per unit of downside risk
2.73
3.98

-1.25

Omega ratioGain probability vs. loss probability

1.32

1.47

-0.15

Calmar ratioReturn relative to maximum drawdown

3.86

6.61

-2.75

Martin ratioReturn relative to average drawdown

13.56

19.13

-5.57

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

XSMC.TO vs. SCHD - Sharpe Ratio Comparison

The current XSMC.TO Sharpe Ratio is 1.84, which is comparable to the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XSMC.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

XSMC.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

2.57

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.90

-0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.12

-0.67

Drawdowns

XSMC.TO vs. SCHD - Drawdown Comparison

The maximum XSMC.TO drawdown since its inception was -37.30%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for XSMC.TO and SCHD.

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Drawdown Indicators

XSMC.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-37.30%

-26.93%

-10.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-4.30%

-4.18%

Max Drawdown (3Y)

Largest decline over 3 years

-27.05%

-15.30%

-11.75%

Max Drawdown (5Y)

Largest decline over 5 years

-27.05%

-15.30%

-11.75%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.93%

—

Current Drawdown

Current decline from peak

-0.44%

-1.22%

+0.78%

Average Drawdown

Average peak-to-trough decline

-8.09%

-2.86%

-5.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

1.48%

+0.93%

Volatility

XSMC.TO vs. SCHD - Volatility Comparison

iShares S&P U.S. Small-Cap Index ETF (XSMC.TO) has a higher volatility of 4.12% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that XSMC.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

XSMC.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.12%

2.63%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

11.75%

8.23%

+3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

17.89%

11.10%

+6.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.58%

12.63%

+6.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.30%

15.18%

+8.12%

XSMC.TO vs. SCHD - Expense Ratio Comparison

XSMC.TO has a 0.22% 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

XSMC.TO vs. SCHD - Dividend Comparison

XSMC.TO's dividend yield for the trailing twelve months is around 0.99%, less 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%
XSMC.TO
iShares S&P U.S. Small-Cap Index ETF		0.99%1.16%1.74%1.00%1.09%1.19%0.78%0.60%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XSMC.TO and SCHD have a correlation of 0.59, 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 0.22% for XSMC.TO.

XSMC.TO is categorized as Small Cap Blend Equities, while SCHD is Dividend. XSMC.TO tracks S&P SmallCap 600 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: 0.22% for XSMC.TO and 0.06% for SCHD.

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