LBTYK vs SCHD: Correlation
Liberty Global Ltd. - Class C (LBTYK) and Schwab US Dividend Equity ETF (SCHD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYK and SCHD?
Over the past 3 years, LBTYK and SCHD moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 141.9 %².
Within LBTYK's tracked universe of 10 assets, SCHD comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCHD outperformed by 44.0 percentage points (-14.4% for LBTYK against +29.6% for SCHD). Note the risk asymmetry: LBTYK runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LBTYK vs SCHD: side by side
| LBTYK (Liberty Global Ltd. - Class C) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | -14.4% | +29.6% |
| 5-year return | -31.3% | +60.9% |
| Volatility (ann.) | 29.7% | 12.9% |
| Beta vs S&P 500 | 0.45 | 0.52 |
| Max drawdown (3Y) | -36.4% | -16.1% |
| Market cap | $3.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | LBTYK | SCHD |
|---|---|---|
| 2022 | -30.8% | -3.3% |
| 2023 | -4.1% | +4.5% |
| 2024 | +34.6% | +11.7% |
| 2025 | -16.0% | +4.3% |
| 2026 | -6.9% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYK and SCHD good diversifiers for each other?
Reasonably. At 0.37, LBTYK and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LBTYK and SCHD?
The LBTYK/SCHD correlation stands at 0.37 on a 3-year window (1 year: 0.43, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for LBTYK?
Reasonably. At 0.37, LBTYK and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/lbtyk-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbtyk-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LBTYK correlations · SCHD correlations
