FHN vs SCHW: Correlation
First Horizon Corporation (FHN) and Charles Schwab Corporation (SCHW) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHN and SCHW?
Over the past 3 years, FHN and SCHW moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.55). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 471.1 %².
Within FHN's tracked universe of 17 assets, SCHW comes in at #10 by 3-year correlation. Neither side won the trailing year by much: +9.9% against +13.0%.
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.
FHN vs SCHW: side by side
| FHN (First Horizon Corporation) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +9.9% | +13.0% |
| 5-year return | +77.9% | +57.3% |
| Volatility (ann.) | 30.5% | 27.8% |
| Beta vs S&P 500 | 1.08 | 0.93 |
| Max drawdown (3Y) | -27.1% | -21.4% |
| Market cap | $11.6B | $186.9B |
| P/E (trailing) | 11.8 | 19.9 |
| Dividend yield | 2.60% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FHN | SCHW |
|---|---|---|
| 2022 | +53.9% | +0.1% |
| 2023 | -39.4% | -16.0% |
| 2024 | +47.7% | +9.2% |
| 2025 | +22.1% | +36.6% |
| 2026 | +3.7% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHN and SCHW good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FHN and SCHW?
As of 2026-08-27, the correlation of weekly returns between FHN and SCHW is 0.55 over 3 years, 0.26 over 1 year and 0.37 over 5 years.
Is SCHW a good diversifier for FHN?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/fhn-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fhn-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FHN correlations · SCHW correlations
