SCHW vs SERV: Correlation
Charles Schwab Corporation (SCHW) and Serve Robotics Inc. (SERV) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHW and SERV?
Over the past 3 years, SCHW and SERV moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1234.2 %².
By 3-year correlation, SERV places #22 of the 27 assets tracked against SCHW. The last year tells two different stories: SCHW led by 71.0 percentage points, +13.0% for SCHW against -58.0% for SERV. One caveat on sizing: SERV is 6.7 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.
SCHW vs SERV: side by side
| SCHW (Charles Schwab Corporation) | SERV (Serve Robotics Inc.) | |
|---|---|---|
| 1-year return | +13.0% | -58.0% |
| 5-year return | +57.3% | n/a |
| Volatility (ann.) | 27.8% | 186.9% |
| Beta vs S&P 500 | 0.93 | 1.18 |
| Max drawdown (3Y) | -21.4% | -92.4% |
| Market cap | $186.9B | $0.4B |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | SCHW | SERV |
|---|---|---|
| 2022 | +0.1% | – |
| 2023 | -16.0% | – |
| 2024 | +9.2% | – |
| 2025 | +36.6% | -23.1% |
| 2026 | +9.2% | -53.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHW and SERV good diversifiers for each other?
Yes. With a correlation of -0.25, SCHW and SERV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SCHW and SERV?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is SERV a good diversifier for SCHW?
Yes. With a correlation of -0.25, SCHW and SERV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: SCHW correlations · SERV correlations
