PFE vs SCHD: Correlation
Measured on weekly returns over the past three years, Pfizer (PFE) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFE and SCHD?
Over the past 3 years, PFE and SCHD moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 137.1 %².
Among the 32 assets we track against PFE, SCHD ranks #9 by 3-year correlation. Over the last 12 months SCHD came out ahead by 10.0 percentage points (+19.6% against +29.6%). The rolling one-year correlation moved between 0.23 and 0.63 over the past three years, a moderate range. Note the risk asymmetry: PFE runs 1.8 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.
PFE vs SCHD: side by side
| PFE (Pfizer) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +19.6% | +29.6% |
| 5-year return | -21.9% | +60.9% |
| Volatility (ann.) | 23.8% | 12.9% |
| Beta vs S&P 500 | 0.40 | 0.52 |
| Max drawdown (3Y) | -34.8% | -16.1% |
| Market cap | $159.7B | – |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 6.08% | 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 | PFE | SCHD |
|---|---|---|
| 2022 | -10.4% | -3.3% |
| 2023 | -41.3% | +4.5% |
| 2024 | -2.2% | +11.7% |
| 2025 | +0.6% | +4.3% |
| 2026 | +18.3% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFE and SCHD good diversifiers for each other?
Reasonably. At 0.45, PFE and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PFE and SCHD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.44 over the last year and 0.45 over 5 years.
Is SCHD a good diversifier for PFE?
Reasonably. At 0.45, PFE and SCHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/pfe-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pfe-vs-schd/)
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Related comparisons
Hubs: PFE correlations · SCHD correlations
