SCHD vs WHR: Correlation
Measured on weekly returns over the past three years, Schwab US Dividend Equity ETF (SCHD) and Whirlpool Corporation (WHR) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and WHR?
On 3 years of weekly data the SCHD/WHR correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 313.8 %².
By 3-year correlation, WHR places #52 of the 108 assets tracked against SCHD. Correlation aside, the last 12 months split them widely, with SCHD ahead by 86.1 points (+29.6% versus -56.5%). One caveat on sizing: WHR is 3.5 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 WHR: side by side
| SCHD (Schwab US Dividend Equity ETF) | WHR (Whirlpool Corporation) | |
|---|---|---|
| 1-year return | +29.6% | -56.5% |
| 5-year return | +60.9% | -77.3% |
| Volatility (ann.) | 12.9% | 45.6% |
| Beta vs S&P 500 | 0.52 | 1.09 |
| Max drawdown (3Y) | -16.1% | -71.1% |
| Market cap | – | $2.6B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 3.13% | 6.73% |
| 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 | WHR |
|---|---|---|
| 2022 | -3.3% | -37.2% |
| 2023 | +4.5% | -9.1% |
| 2024 | +11.7% | +0.6% |
| 2025 | +4.3% | -33.0% |
| 2026 | +29.1% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and WHR good diversifiers for each other?
Only partially. A correlation of 0.53 means SCHD and WHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SCHD and WHR?
As of 2026-08-27, the correlation of weekly returns between SCHD and WHR is 0.53 over 3 years, 0.53 over 1 year and 0.56 over 5 years.
Is WHR a good diversifier for SCHD?
Only partially. A correlation of 0.53 means SCHD and WHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/schd-vs-whr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/schd-vs-whr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · WHR correlations
