EXPD vs SCHD: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and SCHD?
On 3 years of weekly data the EXPD/SCHD correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.46). The 5-year figure is 0.56, and annualized covariance runs at 142.6 %².
By 3-year correlation, SCHD places #14 of the 33 assets tracked against EXPD. Correlation aside, the last 12 months split them widely, with EXPD ahead by 27.9 points (+57.5% versus +29.6%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.21 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since EXPD carries 1.9 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.
EXPD vs SCHD: side by side
| EXPD (Expeditors International) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +57.5% | +29.6% |
| 5-year return | +60.9% | +60.9% |
| Volatility (ann.) | 24.2% | 12.9% |
| Beta vs S&P 500 | 0.65 | 0.52 |
| Max drawdown (3Y) | -21.3% | -16.1% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 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 | EXPD | SCHD |
|---|---|---|
| 2022 | -21.7% | -3.3% |
| 2023 | +23.9% | +4.5% |
| 2024 | -11.9% | +11.7% |
| 2025 | +36.2% | +4.3% |
| 2026 | +28.7% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and SCHD good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXPD and SCHD?
As of 2026-08-27, the correlation of weekly returns between EXPD and SCHD is 0.46 over 3 years, 0.22 over 1 year and 0.56 over 5 years.
Is SCHD a good diversifier for EXPD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/expd-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/expd-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · SCHD correlations
