GILD vs SCHD: Correlation
How closely do Gilead Sciences (GILD) and Schwab US Dividend Equity ETF (SCHD) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and SCHD?
On 3 years of weekly data the GILD/SCHD correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 136.1 %².
SCHD is one of the assets that tracks GILD most closely: it ranks #3 out of the 30 assets we track against GILD. Twelve-month performance is nearly a tie, at +34.1% for GILD and +29.6% for SCHD. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.64. One caveat on sizing: GILD is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GILD vs SCHD: side by side
| GILD (Gilead Sciences) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +34.1% | +29.6% |
| 5-year return | +148.1% | +60.9% |
| Volatility (ann.) | 24.1% | 12.9% |
| Beta vs S&P 500 | 0.33 | 0.52 |
| Max drawdown (3Y) | -26.6% | -16.1% |
| Market cap | $184.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.17% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | Health Care | 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 | GILD | SCHD |
|---|---|---|
| 2022 | +23.6% | -3.3% |
| 2023 | -2.0% | +4.5% |
| 2024 | +18.7% | +11.7% |
| 2025 | +36.6% | +4.3% |
| 2026 | +22.8% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and SCHD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GILD and SCHD?
As of 2026-08-27, the correlation of weekly returns between GILD and SCHD is 0.44 over 3 years, 0.36 over 1 year and 0.49 over 5 years.
Is SCHD a good diversifier for GILD?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gild-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gild-vs-schd/)
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Related comparisons
Hubs: GILD correlations · SCHD correlations
