SCHD vs TCRT: Correlation
How closely do Schwab US Dividend Equity ETF (SCHD) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and TCRT?
On 3 years of weekly data the SCHD/TCRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -300.4 %².
Among the 108 assets we track against SCHD, TCRT sits near the bottom by co-movement, at rank #105. Their recent paths diverged sharply: over the last 12 months SCHD outperformed by 41.8 percentage points (+29.6% for SCHD against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 9.4 times the volatility of the other side.
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 TCRT: side by side
| SCHD (Schwab US Dividend Equity ETF) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +29.6% | -12.2% |
| 5-year return | +60.9% | -99.3% |
| Volatility (ann.) | 12.9% | 121.9% |
| Beta vs S&P 500 | 0.52 | -1.11 |
| Max drawdown (3Y) | -16.1% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.13% | 0.00% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | US Listed |
SCHD is a Large Value fund from Schwab ETFs: $104.2B under management, 101 holdings, a 0.06% expense ratio, a 3.13% trailing dividend yield.
Year-by-year returns
| Year | SCHD | TCRT |
|---|---|---|
| 2022 | -3.3% | -40.4% |
| 2023 | +4.5% | -89.2% |
| 2024 | +11.7% | -81.8% |
| 2025 | +4.3% | +69.1% |
| 2026 | +29.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCHD and TCRT?
As of 2026-08-27, the correlation of weekly returns between SCHD and TCRT is -0.19 over 3 years, -0.20 over 1 year and -0.05 over 5 years.
Is TCRT a good diversifier for SCHD?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/schd-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · TCRT correlations
