ANDE vs SCHD: Correlation
Measured on weekly returns over the past three years, The Andersons, Inc. (ANDE) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and SCHD?
On 3 years of weekly data the ANDE/SCHD correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.49). The 5-year figure is 0.41, and annualized covariance runs at 210.6 %².
Among the 14 assets we track against ANDE, SCHD ranks #5 by 3-year correlation. The last year tells two different stories: ANDE led by 29.3 percentage points, +58.9% for ANDE against +29.6% for SCHD. Risk is not evenly split, since ANDE carries 2.6 times the volatility of the other side.
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.
ANDE vs SCHD: side by side
| ANDE (The Andersons, Inc.) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +58.9% | +29.6% |
| 5-year return | +128.7% | +60.9% |
| Volatility (ann.) | 33.1% | 12.9% |
| Beta vs S&P 500 | 0.26 | 0.52 |
| Max drawdown (3Y) | -46.9% | -16.1% |
| Market cap | $2.2B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 1.21% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | US Listed | ETF · Dividend |
SCHD, Schwab ETFs's Large Value fund, carries $104.2B under management, 101 holdings, a 0.06% expense ratio, a 3.13% trailing dividend yield.
Year-by-year returns
| Year | ANDE | SCHD |
|---|---|---|
| 2022 | -7.8% | -3.3% |
| 2023 | +67.0% | +4.5% |
| 2024 | -28.8% | +11.7% |
| 2025 | +33.8% | +4.3% |
| 2026 | +21.0% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and SCHD good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANDE and SCHD?
The ANDE/SCHD correlation stands at 0.49 on a 3-year window (1 year: 0.26, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for ANDE?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ande-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ande-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANDE correlations · SCHD correlations
