SCHD vs VZ: Correlation
Schwab US Dividend Equity ETF (SCHD) and Verizon (VZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and VZ?
Across a 3-year window, the weekly returns of SCHD and VZ correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 129.1 %².
By 3-year correlation, VZ places #77 of the 108 assets tracked against SCHD. On 12-month performance SCHD holds a 10.3-point edge, +29.6% against +19.3%. On a rolling one-year basis the correlation drifted between 0.24 and 0.61, a moderate band. One caveat on sizing: VZ is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VZ: side by side
| SCHD (Schwab US Dividend Equity ETF) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +29.6% | +19.3% |
| 5-year return | +60.9% | +23.8% |
| Volatility (ann.) | 12.9% | 22.9% |
| Beta vs S&P 500 | 0.52 | 0.15 |
| Max drawdown (3Y) | -16.1% | -17.0% |
| Market cap | – | $205.4B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 3.13% | 5.57% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | Communication Services |
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 | VZ |
|---|---|---|
| 2022 | -3.3% | -20.0% |
| 2023 | +4.5% | +2.7% |
| 2024 | +11.7% | +13.1% |
| 2025 | +4.3% | +8.9% |
| 2026 | +29.1% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
VZ represents 3.97% of SCHD's portfolio, so part of any move in SCHD is VZ itself, and the correlation between them is partly mechanical.
Are SCHD and VZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SCHD and VZ?
As of 2026-08-27, the correlation of weekly returns between SCHD and VZ is 0.44 over 3 years, 0.52 over 1 year and 0.45 over 5 years.
Is VZ a good diversifier for SCHD?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/schd-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCHD correlations · VZ correlations
