Schwab International Dividend Equity ETF (SCHY) — Stock Correlations & Overview

Over the past year, SCHY has moved most closely with HDEF, FIDI, QLVD. Explore the stocks most correlated and inversely correlated with SCHY below, along with its price, financials, and company profile.

Stocks correlated with SCHY

Correlation of daily returns. Higher positive values move with SCHY; negative values move opposite it. Informational only, not investment advice.

Most correlated with SCHY

SymbolCompanyCorrelation
HDEFXtrackers MSCI EAFE High Dividend Yield Equity ETF0.90
FIDIFidelity International High Dividend ETF0.89
QLVDNorthern Trust Developed Markets ex-US Quality Low Volatility ETF0.88
EFAViShares MSCI EAFE Min Vol Factor ETF0.87
DTHWisdomTree International High Dividend Fund0.87

Most inversely correlated with SCHY

SymbolCompanyCorrelation
EPVProShares UltraShort FTSE Europe-0.81
EFZProShares Trust Short MSCI EAFE-0.73
EFUProShares Trust UltraShort MSCI EAFE-0.73
SMNProShares UltraShort Materials-0.61
BZQProShares UltraShort MSCI Brazil Capped-0.59

Frequently asked questions about SCHY correlations

Which stocks are most correlated with SCHY?
Based on one year of daily returns, the stocks most correlated with Schwab International Dividend Equity ETF (SCHY) are HDEF (0.90), FIDI (0.89) and QLVD (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with SCHY?
Over the past year, the stocks most inversely correlated with Schwab International Dividend Equity ETF (SCHY) are EPV (-0.81), EFZ (-0.73) and EFU (-0.73). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?
Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these SCHY correlations calculated?
We compute the correlation of daily returns between SCHY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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