SCHD vs SYY: Correlation
Measured on weekly returns over the past three years, Schwab US Dividend Equity ETF (SCHD) and Sysco (SYY) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and SYY?
On 3 years of weekly data the SCHD/SYY correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.40 over 3. The 5-year figure is 0.52, and annualized covariance runs at 104.5 %².
By 3-year correlation, SYY places #83 of the 108 assets tracked against SCHD. Correlation aside, the last 12 months split them widely, with SCHD ahead by 24.0 points (+29.6% versus +5.6%). The rolling one-year correlation moved between 0.29 and 0.74 over the past three years, a moderate range. Note the risk asymmetry: SYY runs 1.6 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 SYY: side by side
| SCHD (Schwab US Dividend Equity ETF) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +29.6% | +5.6% |
| 5-year return | +60.9% | +19.2% |
| Volatility (ann.) | 12.9% | 20.3% |
| Beta vs S&P 500 | 0.52 | 0.14 |
| Max drawdown (3Y) | -16.1% | -24.0% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 3.13% | 2.61% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | Consumer Staples |
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 | SYY |
|---|---|---|
| 2022 | -3.3% | -0.3% |
| 2023 | +4.5% | -1.7% |
| 2024 | +11.7% | +7.4% |
| 2025 | +4.3% | -1.0% |
| 2026 | +29.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and SYY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SCHD and SYY?
The SCHD/SYY correlation stands at 0.40 on a 3-year window (1 year: 0.42, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SYY a good diversifier for SCHD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/schd-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/schd-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · SYY correlations
