SCHD vs VTRS: Correlation
Schwab US Dividend Equity ETF (SCHD) and Viatris (VTRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and VTRS?
Over the past 3 years, SCHD and VTRS moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 225.7 %².
Within SCHD's tracked universe of 108 assets, VTRS comes in at #51 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTRS outperformed by 38.2 percentage points (+29.6% for SCHD against +67.8% for VTRS). Across three years, the rolling one-year figure varied moderately, from 0.45 to 0.71. Note the risk asymmetry: VTRS runs 2.5 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 VTRS: side by side
| SCHD (Schwab US Dividend Equity ETF) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +29.6% | +67.8% |
| 5-year return | +60.9% | +44.6% |
| Volatility (ann.) | 12.9% | 32.8% |
| Beta vs S&P 500 | 0.52 | 0.79 |
| Max drawdown (3Y) | -16.1% | -45.0% |
| Market cap | – | $19.4B |
| P/E (trailing) | – | – |
| Dividend yield | 3.13% | 2.85% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | Health Care |
On the fund side, SCHD sits in the Large Value category at Schwab ETFs, with $104.2B under management, 101 holdings, a 0.06% expense ratio, a 3.13% trailing dividend yield.
Year-by-year returns
| Year | SCHD | VTRS |
|---|---|---|
| 2022 | -3.3% | -14.3% |
| 2023 | +4.5% | +2.1% |
| 2024 | +11.7% | +19.7% |
| 2025 | +4.3% | +5.1% |
| 2026 | +29.1% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and VTRS good diversifiers for each other?
To a limited degree. At 0.53 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 SCHD and VTRS?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.49 over the last year and 0.54 over 5 years.
Is VTRS a good diversifier for SCHD?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/schd-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · VTRS correlations
