XTLT.TO vs. SCHD

Last updated Jul 18, 2026

XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XTLT.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 3 years, XTLT.TO returned -1.02%/yr vs 16.68%/yr for SCHD. At a 0.07 correlation, their price movements are largely independent. XTLT.TO charges 0.18%/yr vs 0.06%/yr for SCHD.

Performance

XTLT.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XTLT.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, XTLT.TO achieves a 1.17% return, which is significantly lower than SCHD's 24.95% return.

XTLT.TO

• 1D: 0.12%
• 1M: -2.50%
• 6M: -0.93%
• YTD: 1.17%
• 1Y: 4.59%
• 3Y*: -1.02%
• 5Y*: —
• 10Y*: —

SCHD

• 1D: -0.44%
• 1M: 4.15%
• 6M: 16.94%
• YTD: 24.95%
• 1Y: 28.85%
• 3Y*: 16.68%
• 5Y*: 11.76%
• 10Y*: 13.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTLT.TO vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF	1.17%	-1.66%	-2.55%	-2.78%
SCHD Schwab U.S. Dividend Equity ETF	24.83%	-0.42%	21.11%	1.15%

Correlation

The correlation between XTLT.TO and SCHD is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023	0.07

Return for Risk

XTLT.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTLT.TO

XTLT.TO Risk / Return Rank: 16
XTLT.TO Sharpe Ratio Rank: 18
XTLT.TO Sortino Ratio Rank: 17
XTLT.TO Omega Ratio Rank: 16
XTLT.TO Calmar Ratio Rank: 16
XTLT.TO Martin Ratio Rank: 15

SCHD

SCHD Risk / Return Rank: 89
SCHD Sharpe Ratio Rank: 89
SCHD Sortino Ratio Rank: 92
SCHD Omega Ratio Rank: 86
SCHD Calmar Ratio Rank: 94
SCHD Martin Ratio Rank: 85

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.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.

	XTLT.TO	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.45	2.44	-1.98
Sortino ratio: Return per unit of downside risk	0.73	3.78	-3.05
Omega ratio: Gain probability vs. loss probability	1.08	1.42	-0.34
Calmar ratio: Return relative to maximum drawdown	0.45	6.99	-6.55
Martin ratio: Return relative to average drawdown	0.91	18.05	-17.14

XTLT.TO vs. SCHD - Sharpe Ratio Comparison

The current XTLT.TO Sharpe Ratio is 0.45, which is lower than the SCHD Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of XTLT.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.

Drawdowns

XTLT.TO vs. SCHD - Drawdown Comparison

The maximum XTLT.TO drawdown since its inception was -21.04%, smaller than the maximum SCHD drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and SCHD.

Drawdown Indicators

	XTLT.TO	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-21.04%	-27.31%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-4.14%	-6.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.30%	-15.24%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.31%	—
Current Drawdown Current decline from peak	-10.90%	-0.44%	-10.46%
Average Drawdown Average peak-to-trough decline	-9.46%	-3.03%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	1.60%	+3.46%

Volatility

XTLT.TO vs. SCHD - Volatility Comparison

The current volatility for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) is 2.89%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.21%. This indicates that XTLT.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.

Volatility by Period

	XTLT.TO	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	4.21%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	8.86%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	11.90%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	15.55%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	17.82%	-3.74%

XTLT.TO vs. SCHD - Expense Ratio Comparison

XTLT.TO has a 0.18% 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

XTLT.TO vs. SCHD - Dividend Comparison

XTLT.TO's dividend yield for the trailing twelve months is around 5.16%, more than SCHD's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.18%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF	5.16%	4.63%	4.21%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTLT.TO and SCHD in my portfolio?

XTLT.TO and SCHD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTLT.TO or SCHD?

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.

Which ETF is cheaper, XTLT.TO or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.18% for XTLT.TO.

What is the main difference between XTLT.TO and SCHD?

XTLT.TO is categorized as Government Bonds, while SCHD is Dividend. XTLT.TO tracks ICE U.S. Treasury 20+ Year Bond 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: 0.18% for XTLT.TO and 0.06% for SCHD.