FUND vs SCHD: Correlation
Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Schwab US Dividend Equity ETF (SCHD) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and SCHD?
On 3 years of weekly data the FUND/SCHD correlation comes out at 0.78, strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.78). The 5-year figure is 0.80, and annualized covariance runs at 178.2 %².
Within FUND's tracked universe of 32 assets, SCHD comes in at #5 by 3-year correlation. The trailing year gives FUND the advantage: +39.1% versus +29.6%, a 9.5-point spread.
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.
FUND vs SCHD: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +39.1% | +29.6% |
| 5-year return | +83.0% | +60.9% |
| Volatility (ann.) | 17.9% | 12.9% |
| Beta vs S&P 500 | 0.77 | 0.52 |
| Max drawdown (3Y) | -18.2% | -16.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 5.36% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | US Listed | 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 | FUND | SCHD |
|---|---|---|
| 2022 | -1.2% | -3.3% |
| 2023 | +6.9% | +4.5% |
| 2024 | -1.0% | +11.7% |
| 2025 | +27.5% | +4.3% |
| 2026 | +26.8% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and SCHD good diversifiers for each other?
Only partially. A correlation of 0.78 means FUND and SCHD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FUND and SCHD?
The FUND/SCHD correlation stands at 0.78 on a 3-year window (1 year: 0.55, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for FUND?
Only partially. A correlation of 0.78 means FUND and SCHD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 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/fund-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fund-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUND correlations · SCHD correlations
