COO vs SCHD: Correlation
How closely do Cooper Companies (The) (COO) and Schwab US Dividend Equity ETF (SCHD) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and SCHD?
Across a 3-year window, the weekly returns of COO and SCHD correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.52 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 185.2 %².
Within COO's tracked universe of 38 assets, SCHD comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCHD outperformed by 33.9 percentage points (-4.3% for COO against +29.6% for SCHD). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.69. Risk is not evenly split, since COO carries 2.1 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.
COO vs SCHD: side by side
| COO (Cooper Companies (The)) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | -4.3% | +29.6% |
| 5-year return | -36.8% | +60.9% |
| Volatility (ann.) | 27.7% | 12.9% |
| Beta vs S&P 500 | 0.69 | 0.52 |
| Max drawdown (3Y) | -47.0% | -16.1% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 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 | COO | SCHD |
|---|---|---|
| 2022 | -21.1% | -3.3% |
| 2023 | +14.5% | +4.5% |
| 2024 | -2.8% | +11.7% |
| 2025 | -10.8% | +4.3% |
| 2026 | -13.4% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and SCHD good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COO and SCHD?
As of 2026-08-27, the correlation of weekly returns between COO and SCHD is 0.52 over 3 years, 0.38 over 1 year and 0.57 over 5 years.
Is SCHD a good diversifier for COO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: COO correlations · SCHD correlations
