JNJ vs SCHD: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and SCHD?
Across a 3-year window, the weekly returns of JNJ and SCHD correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 123.0 %².
By 3-year correlation, SCHD places #14 of the 48 assets tracked against JNJ. The last year tells two different stories: JNJ led by 24.1 percentage points, +53.7% for JNJ against +29.6% for SCHD. Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.63.
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.
JNJ vs SCHD: side by side
| JNJ (Johnson & Johnson) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +53.7% | +29.6% |
| 5-year return | +76.0% | +60.9% |
| Volatility (ann.) | 18.5% | 12.9% |
| Beta vs S&P 500 | 0.05 | 0.52 |
| Max drawdown (3Y) | -14.4% | -16.1% |
| Market cap | $640.5B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 1.94% | 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 | JNJ | SCHD |
|---|---|---|
| 2022 | +6.0% | -3.3% |
| 2023 | -8.6% | +4.5% |
| 2024 | -4.8% | +11.7% |
| 2025 | +47.5% | +4.3% |
| 2026 | +30.5% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and SCHD good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JNJ and SCHD?
The JNJ/SCHD correlation stands at 0.52 on a 3-year window (1 year: 0.49, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for JNJ?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/jnj-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jnj-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JNJ correlations · SCHD correlations
