SCHD vs SVC: Correlation
Measured on weekly returns over the past three years, Schwab US Dividend Equity ETF (SCHD) and Service Properties Trust (SVC) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and SVC?
Across a 3-year window, the weekly returns of SCHD and SVC correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.46 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 307.6 %².
By 3-year correlation, SVC places #72 of the 108 assets tracked against SCHD. The last year tells two different stories: SCHD led by 72.4 percentage points, +29.6% for SCHD against -42.8% for SVC. Note the risk asymmetry: SVC runs 4.0 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.
SCHD vs SVC: side by side
| SCHD (Schwab US Dividend Equity ETF) | SVC (Service Properties Trust) | |
|---|---|---|
| 1-year return | +29.6% | -42.8% |
| 5-year return | +60.9% | -82.5% |
| Volatility (ann.) | 12.9% | 51.8% |
| Beta vs S&P 500 | 0.52 | 1.12 |
| Max drawdown (3Y) | -16.1% | -84.7% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 3.13% | 2.55% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | US Listed |
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 | SCHD | SVC |
|---|---|---|
| 2022 | -3.3% | -14.5% |
| 2023 | +4.5% | +29.1% |
| 2024 | +11.7% | -67.3% |
| 2025 | +4.3% | -26.3% |
| 2026 | +29.1% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and SVC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SCHD and SVC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.33 over the last year and 0.45 over 5 years.
Is SVC a good diversifier for SCHD?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: SCHD correlations · SVC correlations
