BDX vs SCHD: Correlation
Measured on weekly returns over the past three years, Becton Dickinson (BDX) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and SCHD?
Across a 3-year window, the weekly returns of BDX and SCHD correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 133.8 %².
By 3-year correlation, SCHD places #12 of the 28 assets tracked against BDX. Twelve-month performance is nearly a tie, at +25.5% for BDX and +29.6% for SCHD. The rolling one-year correlation moved between 0.31 and 0.62 over the past three years, a moderate range. One caveat on sizing: BDX is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BDX vs SCHD: side by side
| BDX (Becton Dickinson) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +25.5% | +29.6% |
| 5-year return | +6.8% | +60.9% |
| Volatility (ann.) | 24.0% | 12.9% |
| Beta vs S&P 500 | 0.33 | 0.52 |
| Max drawdown (3Y) | -39.6% | -16.1% |
| Market cap | $51.2B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 2.20% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | Health Care | 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 | BDX | SCHD |
|---|---|---|
| 2022 | +5.1% | -3.3% |
| 2023 | -2.7% | +4.5% |
| 2024 | -5.4% | +11.7% |
| 2025 | -12.6% | +4.3% |
| 2026 | +25.0% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and SCHD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDX and SCHD?
The BDX/SCHD correlation stands at 0.43 on a 3-year window (1 year: 0.50, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for BDX?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/bdx-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdx-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDX correlations · SCHD correlations
