AMP vs SCHW: Correlation
How closely do Ameriprise Financial (AMP) and Charles Schwab Corporation (SCHW) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and SCHW?
Over the past 3 years, AMP and SCHW moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 474.0 %².
Within AMP's tracked universe of 34 assets, SCHW comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at +8.7% for AMP and +13.0% for SCHW. The rolling one-year correlation stayed in a tight band between 0.61 and 0.83 over the past three years, which points to a structural rather than episodic relationship.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMP vs SCHW: side by side
| AMP (Ameriprise Financial) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +8.7% | +13.0% |
| 5-year return | +119.2% | +57.3% |
| Volatility (ann.) | 25.0% | 27.8% |
| Beta vs S&P 500 | 1.09 | 0.93 |
| Max drawdown (3Y) | -26.4% | -21.4% |
| Market cap | $49.1B | $186.9B |
| P/E (trailing) | 13.5 | 19.9 |
| Dividend yield | 1.16% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | SCHW |
|---|---|---|
| 2022 | +5.0% | +0.1% |
| 2023 | +24.0% | -16.0% |
| 2024 | +42.1% | +9.2% |
| 2025 | -6.7% | +36.6% |
| 2026 | +14.5% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and SCHW good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMP and SCHW?
The AMP/SCHW correlation stands at 0.68 on a 3-year window (1 year: 0.66, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SCHW a good diversifier for AMP?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amp-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · SCHW correlations
