DE vs SCHD: Correlation
How closely do Deere & Company (DE) and Schwab US Dividend Equity ETF (SCHD) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and SCHD?
On 3 years of weekly data the DE/SCHD correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.53). The 5-year figure is 0.57, and annualized covariance runs at 183.3 %².
By 3-year correlation, SCHD places #14 of the 33 assets tracked against DE. Their 12-month results are close: +27.9% for DE against +29.6% for SCHD. The rolling one-year correlation moved between 0.30 and 0.68 over the past three years, a moderate range. Risk is not evenly split, since DE 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.
DE vs SCHD: side by side
| DE (Deere & Company) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +27.9% | +29.6% |
| 5-year return | +74.5% | +60.9% |
| Volatility (ann.) | 26.7% | 12.9% |
| Beta vs S&P 500 | 0.65 | 0.52 |
| Max drawdown (3Y) | -19.9% | -16.1% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 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 | DE | SCHD |
|---|---|---|
| 2022 | +26.6% | -3.3% |
| 2023 | -5.5% | +4.5% |
| 2024 | +7.6% | +11.7% |
| 2025 | +11.4% | +4.3% |
| 2026 | +34.5% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and SCHD good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DE and SCHD?
As of 2026-08-27, the correlation of weekly returns between DE and SCHD is 0.53 over 3 years, 0.33 over 1 year and 0.57 over 5 years.
Is SCHD a good diversifier for DE?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/de-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/de-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · SCHD correlations
