SCHD vs WKC: Correlation
Schwab US Dividend Equity ETF (SCHD) and World Kinect Corporation (WKC) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and WKC?
On 3 years of weekly data the SCHD/WKC correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.62 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 248.6 %².
Within SCHD's tracked universe of 108 assets, WKC comes in at #33 by 3-year correlation. On 12-month performance WKC holds a 6.9-point edge, +29.6% against +36.5%. One caveat on sizing: WKC is 2.4 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 WKC: side by side
| SCHD (Schwab US Dividend Equity ETF) | WKC (World Kinect Corporation) | |
|---|---|---|
| 1-year return | +29.6% | +36.5% |
| 5-year return | +60.9% | +26.9% |
| Volatility (ann.) | 12.9% | 31.0% |
| Beta vs S&P 500 | 0.52 | 0.78 |
| Max drawdown (3Y) | -16.1% | -25.4% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 3.13% | 2.30% |
| 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 | WKC |
|---|---|---|
| 2022 | -3.3% | +5.3% |
| 2023 | +4.5% | -14.6% |
| 2024 | +11.7% | +23.8% |
| 2025 | +4.3% | -12.3% |
| 2026 | +29.1% | +55.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and WKC good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SCHD and WKC?
The SCHD/WKC correlation stands at 0.62 on a 3-year window (1 year: 0.41, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is WKC a good diversifier for SCHD?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/schd-vs-wkc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/schd-vs-wkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · WKC correlations
