SCHW vs SF: Correlation
Charles Schwab Corporation (SCHW) and Stifel Financial Corporation (SF) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHW and SF?
On 3 years of weekly data the SCHW/SF correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 430.5 %².
By 3-year correlation, SF places #8 of the 27 assets tracked against SCHW. On 12-month performance SCHW holds a 7.0-point edge, +13.0% against +6.0%.
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 SF: side by side
| SCHW (Charles Schwab Corporation) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | +13.0% | +6.0% |
| 5-year return | +57.3% | +92.0% |
| Volatility (ann.) | 27.8% | 27.2% |
| Beta vs S&P 500 | 0.93 | 1.23 |
| Max drawdown (3Y) | -21.4% | -34.7% |
| Market cap | $186.9B | $12.2B |
| P/E (trailing) | 19.9 | 14.4 |
| Dividend yield | 1.08% | 1.59% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | SCHW | SF |
|---|---|---|
| 2022 | +0.1% | -15.6% |
| 2023 | -16.0% | +21.2% |
| 2024 | +9.2% | +56.4% |
| 2025 | +36.6% | +20.1% |
| 2026 | +9.2% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHW and SF good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SCHW and SF?
As of 2026-08-27, the correlation of weekly returns between SCHW and SF is 0.57 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is SF a good diversifier for SCHW?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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
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Related comparisons
Hubs: SCHW correlations · SF correlations
