SCHD vs WY: Correlation
Schwab US Dividend Equity ETF (SCHD) and Weyerhaeuser (WY) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and WY?
Across a 3-year window, the weekly returns of SCHD and WY correlate at 0.66, strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.66). Stretching to 5 years gives 0.67, with an annualized covariance of 209.1 %².
By 3-year correlation, WY places #24 of the 108 assets tracked against SCHD. Their recent paths diverged sharply: over the last 12 months SCHD outperformed by 35.7 percentage points (+29.6% for SCHD against -6.1% for WY). The rolling one-year correlation moved between 0.44 and 0.80 over the past three years, a moderate range. Risk is not evenly split, since WY carries 1.9 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 WY: side by side
| SCHD (Schwab US Dividend Equity ETF) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +29.6% | -6.1% |
| 5-year return | +60.9% | -19.5% |
| Volatility (ann.) | 12.9% | 24.8% |
| Beta vs S&P 500 | 0.52 | 0.64 |
| Max drawdown (3Y) | -16.1% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 3.13% | 3.49% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | Real Estate |
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 | WY |
|---|---|---|
| 2022 | -3.3% | -20.4% |
| 2023 | +4.5% | +18.0% |
| 2024 | +11.7% | -16.6% |
| 2025 | +4.3% | -13.0% |
| 2026 | +29.1% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and WY good diversifiers for each other?
Only partially. A correlation of 0.66 means SCHD and WY 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 WY?
The SCHD/WY correlation stands at 0.66 on a 3-year window (1 year: 0.39, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for SCHD?
Only partially. A correlation of 0.66 means SCHD and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/schd-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCHD correlations · WY correlations
