RJF vs SCHW: Correlation
Raymond James Financial (RJF) and Charles Schwab Corporation (SCHW) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJF and SCHW?
Over the past 3 years, RJF and SCHW moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 494.6 %².
Within RJF's tracked universe of 29 assets, SCHW comes in at #4 by 3-year correlation. On 12-month performance SCHW holds a 6.7-point edge, +6.3% against +13.0%. Stability stands out here, with the rolling one-year correlation confined to 0.59 through 0.83.
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.
RJF vs SCHW: side by side
| RJF (Raymond James Financial) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +6.3% | +13.0% |
| 5-year return | +102.1% | +57.3% |
| Volatility (ann.) | 24.8% | 27.8% |
| Beta vs S&P 500 | 1.03 | 0.93 |
| Max drawdown (3Y) | -28.1% | -21.4% |
| Market cap | $33.8B | $186.9B |
| P/E (trailing) | 15.4 | 19.9 |
| Dividend yield | 1.20% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | RJF | SCHW |
|---|---|---|
| 2022 | +8.3% | +0.1% |
| 2023 | +6.1% | -16.0% |
| 2024 | +40.8% | +9.2% |
| 2025 | +4.7% | +36.6% |
| 2026 | +10.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJF and SCHW good diversifiers for each other?
To a limited degree. At 0.72 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 RJF and SCHW?
The RJF/SCHW correlation stands at 0.72 on a 3-year window (1 year: 0.66, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is SCHW a good diversifier for RJF?
To a limited degree. At 0.72 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 0.72 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/rjf-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rjf-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RJF correlations · SCHW correlations
