CSX vs SCHD: Correlation
Measured on weekly returns over the past three years, CSX Corporation (CSX) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and SCHD?
Across a 3-year window, the weekly returns of CSX and SCHD correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 147.2 %².
By 3-year correlation, SCHD places #13 of the 30 assets tracked against CSX. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 31.0 percentage points (+60.6% for CSX against +29.6% for SCHD). The rolling one-year correlation moved between 0.39 and 0.73 over the past three years, a moderate range. Risk is not evenly split, since CSX carries 1.5 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.
CSX vs SCHD: side by side
| CSX (CSX Corporation) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +60.6% | +29.6% |
| 5-year return | +66.2% | +60.9% |
| Volatility (ann.) | 19.7% | 12.9% |
| Beta vs S&P 500 | 0.62 | 0.52 |
| Max drawdown (3Y) | -29.4% | -16.1% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | Industrials | 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 | CSX | SCHD |
|---|---|---|
| 2022 | -16.6% | -3.3% |
| 2023 | +13.5% | +4.5% |
| 2024 | -5.6% | +11.7% |
| 2025 | +14.1% | +4.3% |
| 2026 | +43.1% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and SCHD good diversifiers for each other?
To a limited degree. At 0.58 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 CSX and SCHD?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.48 over the last year and 0.62 over 5 years.
Is SCHD a good diversifier for CSX?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csx-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csx-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSX correlations · SCHD correlations
