HAS vs SCHD: Correlation
Measured on weekly returns over the past three years, Hasbro (HAS) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and SCHD?
Over the past 3 years, HAS and SCHD moved with a correlation of 0.48, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.48 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 196.1 %².
By 3-year correlation, SCHD places #15 of the 36 assets tracked against HAS. The trailing year gives SCHD the advantage: +19.2% versus +29.6%, a 10.4-point spread. On a rolling one-year basis the correlation drifted between 0.32 and 0.62, a moderate band. Risk is not evenly split, since HAS carries 2.5 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.
HAS vs SCHD: side by side
| HAS (Hasbro) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +19.2% | +29.6% |
| 5-year return | +17.1% | +60.9% |
| Volatility (ann.) | 31.7% | 12.9% |
| Beta vs S&P 500 | 0.86 | 0.52 |
| Max drawdown (3Y) | -40.3% | -16.1% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | Consumer Discretionary | 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 | HAS | SCHD |
|---|---|---|
| 2022 | -37.9% | -3.3% |
| 2023 | -11.9% | +4.5% |
| 2024 | +14.8% | +11.7% |
| 2025 | +52.5% | +4.3% |
| 2026 | +17.5% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and SCHD good diversifiers for each other?
Reasonably. At 0.48, HAS and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAS and SCHD?
The HAS/SCHD correlation stands at 0.48 on a 3-year window (1 year: 0.33, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for HAS?
Reasonably. At 0.48, HAS and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/has-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/has-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAS correlations · SCHD correlations
