BNY vs SCHW: Correlation
How closely do BNY Mellon (BNY) and Charles Schwab Corporation (SCHW) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and SCHW?
Over the past 3 years, BNY and SCHW moved with a correlation of 0.64, which is strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.64). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 357.8 %².
Within BNY's tracked universe of 31 assets, SCHW comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BNY ahead by 44.2 points (+57.2% versus +13.0%). Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.83.
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.
BNY vs SCHW: side by side
| BNY (BNY Mellon) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +57.2% | +13.0% |
| 5-year return | +236.7% | +57.3% |
| Volatility (ann.) | 20.2% | 27.8% |
| Beta vs S&P 500 | 0.89 | 0.93 |
| Max drawdown (3Y) | -17.6% | -21.4% |
| Market cap | $110.1B | $186.9B |
| P/E (trailing) | 19.0 | 19.9 |
| Dividend yield | 1.30% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BNY | SCHW |
|---|---|---|
| 2022 | -19.1% | +0.1% |
| 2023 | +18.5% | -16.0% |
| 2024 | +51.9% | +9.2% |
| 2025 | +54.4% | +36.6% |
| 2026 | +41.5% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and SCHW good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNY and SCHW?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.48 over the last year and 0.64 over 5 years.
Is SCHW a good diversifier for BNY?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/bny-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bny-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNY correlations · SCHW correlations
