RMR vs SCHD: Correlation
Measured on weekly returns over the past three years, The RMR Group Inc. (RMR) and Schwab US Dividend Equity ETF (SCHD) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMR and SCHD?
Across a 3-year window, the weekly returns of RMR and SCHD correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 217.7 %².
In RMR's tracked universe of 13 assets, SCHD sits right near the top at #2. Twelve-month performance is nearly a tie, at +29.4% for RMR and +29.6% for SCHD. Note the risk asymmetry: RMR runs 2.1 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.
RMR vs SCHD: side by side
| RMR (The RMR Group Inc.) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +29.4% | +29.6% |
| 5-year return | -25.0% | +60.9% |
| Volatility (ann.) | 27.3% | 12.9% |
| Beta vs S&P 500 | 0.70 | 0.52 |
| Max drawdown (3Y) | -45.0% | -16.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 9.23% | 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 | RMR | SCHD |
|---|---|---|
| 2022 | -13.9% | -3.3% |
| 2023 | +6.5% | +4.5% |
| 2024 | -21.5% | +11.7% |
| 2025 | -19.4% | +4.3% |
| 2026 | +41.2% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMR and SCHD good diversifiers for each other?
To a limited degree. At 0.62 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 RMR and SCHD?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.53 over the last year and 0.62 over 5 years.
Is SCHD a good diversifier for RMR?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 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/rmr-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rmr-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMR correlations · SCHD correlations
