MDRR vs SCHD: Correlation
Medalist Diversified, Inc. (MDRR) and Schwab US Dividend Equity ETF (SCHD) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and SCHD?
Across a 3-year window, the weekly returns of MDRR and SCHD correlate at -0.14, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.14 over 3 years. Stretching to 5 years gives 0.01, with an annualized covariance of -51.9 %².
Within MDRR's tracked universe of 36 assets, SCHD comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SCHD ahead by 24.8 points (+4.8% versus +29.6%). Note the risk asymmetry: MDRR runs 2.2 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.
MDRR vs SCHD: side by side
| MDRR (Medalist Diversified, Inc.) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +4.8% | +29.6% |
| 5-year return | -31.3% | +60.9% |
| Volatility (ann.) | 28.1% | 12.9% |
| Beta vs S&P 500 | -0.02 | 0.52 |
| Max drawdown (3Y) | -29.5% | -16.1% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 2.21% | 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 | MDRR | SCHD |
|---|---|---|
| 2022 | -37.3% | -3.3% |
| 2023 | -4.0% | +4.5% |
| 2024 | +28.6% | +11.7% |
| 2025 | -5.5% | +4.3% |
| 2026 | -0.7% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and SCHD good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between MDRR and SCHD?
The MDRR/SCHD correlation stands at -0.14 on a 3-year window (1 year: -0.33, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is SCHD a good diversifier for MDRR?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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/mdrr-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mdrr-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · SCHD correlations
