SCHD

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

SCHD

Last updated Oct 12, 2024

Asset Allocation

Position	Category/Sector	Weight
AAP Advance Auto Parts, Inc.	Consumer Cyclical	1.03%
ADP Automatic Data Processing, Inc.	Industrials	1.03%
AGM Federal Agricultural Mortgage Corporation	Financial Services	1.03%
ALL The Allstate Corporation	Financial Services	1.03%
AMCR Amcor plc	Consumer Cyclical	1.03%
AMGN Amgen Inc.	Healthcare	1.03%
APAM Artisan Partners Asset Management Inc.	Financial Services	1.03%
BANR Banner Corporation	Financial Services	1.03%
BBY Best Buy Co., Inc.	Consumer Cyclical	1.03%
BKE The Buckle, Inc.	Consumer Cyclical	1.03%
BLK BlackRock, Inc.	Financial Services	1.03%
BOH Bank of Hawaii Corporation	Financial Services	1.03%
BX The Blackstone Group Inc.	Financial Services	1.03%
CATY Cathay General Bancorp	Financial Services	1.03%
CBRL Cracker Barrel Old Country Store, Inc.	Consumer Cyclical	1.03%
CHCO City Holding Company	Financial Services	1.03%
CMA Comerica Incorporated	Financial Services	1.03%
CNS Cohen & Steers, Inc.	Financial Services	1.03%
CPF Central Pacific Financial Corp.	Financial Services	1.03%
CRI Carter's, Inc.	Consumer Cyclical	1.03%
CSCO		1.03%
CTRA		1.03%
CVBF		1.03%
CVX		1.03%
DRI		1.03%
EBF		1.03%
EOG		1.03%
ETD		1.03%
F		1.03%
FAF		1.03%
FAST		1.03%
FCF		1.03%
FITB		1.03%
FNF		1.03%
GES		1.03%
HAFC		1.03%
HBAN		1.03%
HD		1.03%
HFWA		1.03%
HRB		1.03%
HUN		1.03%
IBOC		1.03%
IP		1.03%
IPG		1.03%
ITW		1.03%
JHG		1.03%
K		1.03%
KEY		1.03%
KFRC		1.03%
KMB		1.03%
KO		1.03%
LAZ		1.03%
LEG		1.03%
LMT		1.03%
LYB		1.03%
MDC		1.03%
MMM		1.03%
MO		1.03%
MRK		1.03%
MSM		1.03%
MTB		1.03%
NEM		1.03%
NRG		1.03%
NTRS		1.03%
NWBI		1.03%
OFG		1.03%
OKE		1.03%
OZK		1.03%
PAYX		1.03%
PEP		1.03%
PFC		1.03%
PFE		1.03%
PKG		1.03%
RDN		1.03%
RF		1.03%
RGR		1.03%
RHI		1.03%
SNA		1.03%
SNV		1.03%
SRCE		1.03%
STBA		1.03%
STC		1.03%
TROW		1.03%
TSN		1.03%
TXN		1.03%
UNM		1.03%
UPS		1.03%
USB		1.03%
USD		1.03%
VLO		1.03%
VZ		1.03%
WEN		1.03%
WHR		1.03%
WSM		1.03%
WSO		1.03%
WU		1.03%
ZION		1.03%

Benchmark

Rebalance portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in SCHD, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

SCHD

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Mar 7, 2013, corresponding to the inception date of APAM

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	21.91%	4.70%	13.50%	33.69%	14.40%	11.99%
SCHD	15.16%	2.74%	15.52%	35.00%	13.36%	N/A
Portfolio components:
HD	21.13%	8.40%	23.48%	44.76%	14.61%	N/A
UPS	-11.35%	5.78%	-4.85%	-9.07%	6.30%	N/A
PEP	5.33%	-1.44%	6.34%	12.66%	8.15%	N/A
CSCO	10.88%	9.77%	14.29%	4.18%	6.29%	N/A
AMGN Amgen Inc.	16.52%	-1.23%	25.41%	19.05%	13.51%	12.67%
KO	20.75%	-2.58%	21.41%	35.61%	8.75%	N/A
TXN	22.95%	2.59%	25.00%	38.46%	12.80%	N/A
CVX	4.82%	7.69%	-1.86%	-3.70%	10.48%	N/A
MRK	2.58%	-4.66%	-11.94%	8.30%	9.69%	N/A
VZ	21.66%	-1.71%	10.66%	49.54%	-1.24%	N/A
PFE	5.83%	-0.38%	15.85%	-3.83%	0.85%	N/A
BLK BlackRock, Inc.	24.28%	11.80%	31.42%	61.81%	20.37%	15.36%
ADP Automatic Data Processing, Inc.	25.84%	3.91%	19.42%	19.17%	14.39%	17.35%
LMT	35.94%	6.01%	35.00%	40.69%	12.58%	N/A
MO	23.55%	-5.89%	21.71%	16.83%	11.50%	N/A
EOG	11.90%	10.96%	0.74%	3.05%	19.37%	N/A
BX The Blackstone Group Inc.	19.27%	1.22%	27.90%	51.75%	31.51%	24.49%
ITW	1.18%	4.10%	3.86%	15.10%	13.51%	N/A
MMM	51.72%	1.18%	49.42%	89.98%	4.08%	N/A
USB	10.67%	4.83%	14.28%	50.57%	0.95%	N/A
F	-7.17%	0.28%	-9.90%	-2.71%	8.07%	N/A
VLO	11.83%	6.02%	-15.46%	16.27%	14.72%	N/A
KMB	20.28%	-0.88%	15.41%	22.56%	4.63%	N/A
PAYX	19.36%	2.81%	15.27%	21.45%	13.67%	N/A
NEM	33.67%	1.10%	42.80%	41.71%	10.95%	N/A
FAST	20.65%	10.03%	11.98%	31.59%	19.84%	N/A
OKE	42.96%	5.73%	27.14%	47.38%	15.01%	N/A
ALL The Allstate Corporation	36.71%	-0.01%	14.78%	60.09%	14.76%	14.33%
TROW	4.61%	4.23%	-2.43%	13.27%	3.58%	N/A
LYB	2.65%	0.65%	-4.06%	6.72%	7.93%	N/A
MTB	38.68%	9.66%	33.63%	59.80%	6.63%	N/A
CTRA	-0.07%	9.26%	-6.96%	-11.69%	12.29%	N/A
DRI	-1.19%	-1.33%	3.67%	21.15%	10.40%	N/A
FITB	30.75%	5.11%	28.99%	87.68%	14.64%	N/A
RF	26.77%	7.83%	26.18%	55.45%	13.41%	N/A
HBAN	25.32%	8.17%	18.79%	62.12%	6.74%	N/A
K	47.94%	-0.16%	47.81%	67.71%	8.08%	N/A
NTRS	12.20%	4.45%	12.05%	41.74%	3.01%	N/A
BBY Best Buy Co., Inc.	28.50%	-0.08%	30.27%	46.58%	11.38%	16.46%
TSN	12.26%	-4.19%	2.88%	31.07%	-3.68%	N/A
AMCR Amcor plc	20.51%	1.82%	28.17%	35.18%	8.30%	5.51%
SNA	3.11%	4.05%	3.48%	18.20%	16.14%	N/A
PKG	36.43%	4.27%	22.39%	47.93%	19.12%	N/A
IPG	-0.75%	1.75%	5.39%	13.36%	13.05%	N/A
IP	37.94%	-1.05%	33.86%	43.91%	8.82%	N/A
WSO	16.81%	3.12%	19.84%	31.63%	28.12%	N/A
KEY	24.58%	7.02%	22.53%	74.48%	4.48%	N/A
FNF	21.83%	0.73%	27.83%	59.44%	11.61%	N/A
WSM	44.84%	-0.11%	0.85%	81.97%	35.93%	N/A
UNM	41.91%	14.01%	27.48%	29.48%	22.51%	N/A
NRG	76.84%	10.75%	24.39%	124.95%	21.86%	N/A
RHI	-21.73%	6.49%	-3.12%	-8.56%	6.69%	N/A
WHR	-9.05%	6.61%	2.27%	-8.79%	-3.99%	N/A
CMA Comerica Incorporated	14.43%	6.59%	23.86%	58.73%	3.80%	6.70%
FAF	2.95%	-1.80%	17.17%	27.03%	5.24%	N/A
ZION	17.23%	7.49%	25.94%	50.58%	5.91%	N/A
HUN	-1.66%	8.52%	1.89%	9.32%	4.33%	N/A
HRB	28.29%	-3.64%	33.08%	45.86%	26.01%	N/A
SNV	25.24%	3.54%	26.99%	79.16%	10.07%	N/A
OZK	-9.17%	6.05%	4.89%	24.93%	13.13%	N/A
MSM	-15.31%	4.89%	-8.83%	-16.87%	9.72%	N/A
WU	5.20%	1.94%	-4.03%	-2.77%	-8.00%	N/A
AAP Advance Auto Parts, Inc.	-37.38%	-8.80%	-45.87%	-24.70%	-24.04%	-11.03%
RDN	24.00%	-1.57%	17.74%	36.02%	11.52%	N/A
LAZ	57.15%	10.32%	43.66%	88.99%	12.93%	N/A
LEG	-49.62%	-0.31%	-26.92%	-46.32%	-17.76%	N/A
JHG	35.03%	8.48%	28.82%	75.81%	19.10%	N/A
WEN	-0.18%	5.98%	2.25%	6.01%	0.47%	N/A
MDC	15.00%	0.00%	0.16%	66.85%	12.78%	N/A
CRI Carter's, Inc.	-14.62%	-12.96%	-11.79%	-1.55%	-5.72%	-0.39%
APAM Artisan Partners Asset Management Inc.	3.91%	6.37%	4.17%	31.55%	20.89%	8.71%
CATY Cathay General Bancorp	1.46%	4.11%	27.82%	33.26%	8.63%	9.24%
IBOC	16.94%	1.76%	19.07%	50.02%	12.88%	N/A
CVBF	-2.56%	7.42%	19.62%	25.15%	2.05%	N/A
BOH Bank of Hawaii Corporation	-5.09%	3.07%	16.47%	43.62%	-0.79%	5.46%
CBRL Cracker Barrel Old Country Store, Inc.	-39.57%	13.56%	-26.37%	-29.88%	-18.95%	-4.17%
BANR Banner Corporation	21.91%	10.06%	47.38%	52.99%	6.75%	8.08%
CNS Cohen & Steers, Inc.	26.79%	2.41%	39.07%	73.23%	13.17%	14.25%
OFG	20.11%	1.21%	31.21%	49.94%	16.66%	N/A
NWBI	11.80%	-0.45%	26.86%	40.01%	2.13%	N/A
FCF	13.02%	1.61%	36.75%	44.75%	9.12%	N/A
AGM Federal Agricultural Mortgage Corporation	-0.90%	-0.99%	4.92%	30.65%	21.53%	22.68%
CHCO City Holding Company	9.69%	0.42%	20.35%	33.94%	12.67%	13.88%
STC	20.44%	-8.34%	17.98%	71.52%	16.11%	N/A
STBA	25.68%	-3.55%	41.46%	57.55%	6.65%	N/A
KFRC	-15.49%	-10.11%	-11.91%	-2.84%	10.84%	N/A
BKE The Buckle, Inc.	-2.07%	-2.89%	17.99%	39.70%	28.47%	9.64%
RGR	-7.84%	-0.41%	-8.38%	-22.59%	4.69%	N/A
SRCE	11.41%	1.21%	25.22%	47.50%	8.36%	N/A
PFC	3.04%	-1.98%	26.39%	50.83%	0.94%	N/A
ETD	-2.01%	-3.64%	-0.63%	9.17%	17.00%	N/A
HFWA	5.75%	0.51%	29.36%	42.67%	-0.11%	N/A
GES	-4.41%	-0.31%	-19.99%	5.44%	7.69%	N/A
HAFC	7.25%	5.12%	38.63%	35.51%	6.46%	N/A
EBF	7.81%	-3.38%	21.18%	10.27%	7.97%	N/A
USD	150.74%	20.31%	52.36%	239.68%	64.00%	N/A
CPF Central Pacific Financial Corp.	54.26%	8.73%	57.88%	91.55%	5.40%	9.02%

Monthly Returns

The table below presents the monthly returns of SCHD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	-2.03%	1.43%	6.75%	-5.30%	2.36%	-0.26%	9.89%	0.92%	0.79%				15.16%
2023	6.82%	-2.48%	-6.00%	-1.52%	-5.49%	6.78%	8.80%	-3.32%	-4.32%	-3.84%	8.60%	10.58%	13.10%
2022	-1.13%	-0.12%	-0.04%	-5.89%	4.31%	-9.59%	8.50%	-2.81%	-8.01%	10.70%	5.38%	-5.68%	-6.49%
2021	1.49%	7.55%	8.13%	3.34%	3.60%	-2.40%	-1.39%	3.20%	-1.57%	5.12%	-2.04%	5.44%	34.12%
2020	-4.18%	-10.97%	-20.81%	16.07%	3.29%	1.77%	2.39%	4.08%	-3.09%	3.37%	13.48%	5.29%	5.12%
2019	9.25%	5.20%	-1.83%	4.92%	-8.10%	7.41%	1.45%	-4.02%	4.36%	2.36%	3.32%	2.63%	28.87%
2018	3.57%	-4.22%	-0.16%	0.33%	2.56%	0.16%	3.10%	1.54%	-2.29%	-7.51%	3.36%	-10.06%	-10.23%
2017					0.08%	4.05%	0.80%	-2.43%	6.46%	1.42%	4.94%	1.32%	17.56%

Expense Ratio

SCHD has an expense ratio of 0.01%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SCHD is 29, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

Combined Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

SCHD

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
HD	2.04	2.83	1.34	1.37	5.13
UPS	-0.34	-0.27	0.96	-0.22	-0.79
PEP	0.67	1.07	1.13	0.59	2.49
CSCO	0.22	0.41	1.06	0.18	0.50
AMGN Amgen Inc.	0.78	1.29	1.17	1.05	2.49
KO	2.72	3.93	1.50	2.02	20.64
TXN	1.32	1.91	1.23	1.35	8.20
CVX	-0.09	0.01	1.00	-0.09	-0.21
MRK	0.43	0.70	1.11	0.50	1.30
VZ	2.04	2.95	1.40	1.11	12.48
PFE	-0.27	-0.22	0.97	-0.12	-0.55
BLK BlackRock, Inc.	2.94	3.96	1.49	1.66	13.39
ADP Automatic Data Processing, Inc.	1.02	1.33	1.21	0.89	3.88
LMT	2.89	4.34	1.57	2.83	13.61
MO	0.88	1.18	1.19	0.93	3.69
EOG	0.37	0.65	1.08	0.40	0.87
BX The Blackstone Group Inc.	1.53	2.09	1.26	1.35	7.93
ITW	0.80	1.17	1.15	0.84	2.00
MMM	2.58	4.16	1.61	1.46	14.95
USB	1.70	2.48	1.30	1.04	7.31
F	-0.16	0.04	1.01	-0.11	-0.44
VLO	0.46	0.83	1.10	0.49	1.00
KMB	1.33	1.82	1.27	1.26	9.28
PAYX	1.07	1.45	1.21	1.06	4.77
NEM	1.23	1.85	1.23	0.69	4.03
FAST	1.75	2.77	1.37	2.03	4.12
OKE	2.67	3.43	1.45	6.50	18.81
ALL The Allstate Corporation	3.18	4.10	1.55	3.88	19.35
TROW	0.40	0.72	1.09	0.17	1.41
LYB	0.31	0.58	1.06	0.38	1.03
MTB	1.90	2.62	1.32	1.30	11.53
CTRA	-0.42	-0.46	0.95	-0.31	-0.76
DRI	0.83	1.35	1.17	0.84	1.86
FITB	2.82	3.78	1.47	1.61	19.52
RF	1.67	2.22	1.31	1.25	8.30
HBAN	2.13	2.96	1.36	1.41	12.00
K	2.60	5.14	1.61	2.16	18.18
NTRS	1.66	2.15	1.30	0.80	8.30
BBY Best Buy Co., Inc.	1.33	2.43	1.27	0.87	6.96
TSN	1.20	1.72	1.22	0.51	5.36
AMCR Amcor plc	1.47	2.34	1.27	0.94	8.42
SNA	0.68	0.97	1.15	1.01	2.56
PKG	2.37	3.27	1.41	4.34	13.83
IPG	0.58	0.97	1.11	0.39	2.25
IP	1.46	2.17	1.27	1.11	7.58
WSO	0.91	1.34	1.17	1.68	4.05
KEY	2.05	2.89	1.35	1.21	12.09
FNF	2.45	2.95	1.41	2.34	14.75
WSM	1.87	2.47	1.34	2.56	10.15
UNM	1.26	1.56	1.27	1.61	3.70
NRG	3.81	4.16	1.58	6.35	22.64
RHI	-0.44	-0.46	0.94	-0.20	-0.55
WHR	-0.29	-0.15	0.98	-0.20	-0.69
CMA Comerica Incorporated	1.46	2.06	1.27	0.91	7.20
FAF	0.97	1.45	1.19	0.71	2.54
ZION	1.16	1.78	1.22	0.80	5.32
HUN	0.17	0.46	1.05	0.10	0.50
HRB	1.63	2.63	1.30	3.66	10.26
SNV	2.18	2.88	1.36	1.49	11.64
OZK	0.57	1.01	1.13	0.82	1.56
MSM	-0.64	-0.75	0.90	-0.63	-1.22
WU	-0.11	0.02	1.00	-0.05	-0.27
AAP Advance Auto Parts, Inc.	-0.55	-0.53	0.93	-0.30	-1.02
RDN	1.29	1.86	1.23	2.51	5.69
LAZ	2.51	3.39	1.40	1.86	15.41
LEG	-1.00	-1.34	0.80	-0.60	-1.23
JHG	2.99	3.86	1.49	1.38	20.71
WEN	0.13	0.37	1.04	0.08	0.31
MDC	2.22	5.49	2.18	1.74	43.38
CRI Carter's, Inc.	-0.09	0.07	1.01	-0.05	-0.13
APAM Artisan Partners Asset Management Inc.	1.01	1.57	1.18	0.98	3.93
CATY Cathay General Bancorp	0.96	1.54	1.19	1.03	2.41
IBOC	1.66	2.31	1.29	2.59	6.80
CVBF	0.54	1.11	1.12	0.43	1.30
BOH Bank of Hawaii Corporation	1.16	1.90	1.22	0.81	2.66
CBRL Cracker Barrel Old Country Store, Inc.	-0.63	-0.68	0.92	-0.39	-0.93
BANR Banner Corporation	1.54	2.33	1.28	1.07	4.28
CNS Cohen & Steers, Inc.	2.00	2.81	1.34	1.45	10.85
OFG	1.76	2.51	1.31	3.21	8.65
NWBI	1.36	2.17	1.25	1.10	4.28
FCF	1.39	2.15	1.25	1.38	3.82
AGM Federal Agricultural Mortgage Corporation	0.88	1.30	1.17	1.31	3.26
CHCO City Holding Company	1.33	1.99	1.23	2.23	3.97
STC	2.38	3.42	1.40	1.45	16.95
STBA	1.64	2.42	1.29	1.46	5.78
KFRC	-0.13	-0.00	1.00	-0.12	-0.32
BKE The Buckle, Inc.	1.19	1.74	1.21	1.40	3.38
RGR	-0.80	-0.90	0.85	-0.48	-1.09
SRCE	1.56	2.26	1.27	1.59	5.96
PFC	1.26	1.96	1.23	0.97	3.45
ETD	0.17	0.46	1.06	0.22	0.55
HFWA	1.12	1.81	1.21	0.72	3.21
GES	0.01	0.33	1.04	0.01	0.02
HAFC	0.82	1.40	1.17	0.65	1.99
EBF	0.37	0.64	1.08	0.55	1.18
USD	2.85	2.87	1.38	4.70	12.69
CPF Central Pacific Financial Corp.	3.02	4.03	1.48	1.88	22.36

Sharpe Ratio

The current SCHD Sharpe ratio is 2.00. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 2.12 to 2.90, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of SCHD with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

SCHD

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

SCHD granted a 3.96% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
SCHD	3.96%	3.98%	4.09%	3.21%	3.59%	3.26%	3.59%	2.51%	2.74%	2.85%	2.38%	1.80%
Portfolio components:
HD	2.15%	2.41%	2.41%	1.59%	2.26%	2.49%	2.40%	1.88%	2.06%	1.78%	1.79%	1.89%
UPS	4.84%	4.12%	3.50%	1.90%	2.40%	3.28%	3.73%	2.79%	2.72%	3.03%	2.41%	2.36%
PEP	3.00%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%	2.68%	2.70%
CSCO	2.93%	3.07%	3.17%	2.32%	3.20%	2.88%	2.95%	2.95%	3.28%	3.02%	2.66%	2.27%
AMGN Amgen Inc.	2.70%	2.96%	2.95%	3.13%	2.78%	2.41%	2.71%	2.65%	2.74%	1.95%	1.53%	1.65%
KO	2.75%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%	2.89%	2.71%
TXN	2.54%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%	2.32%	2.44%
CVX	4.23%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%	3.75%	3.12%
MRK	2.81%	2.72%	2.52%	3.41%	3.03%	2.48%	2.60%	3.36%	3.14%	3.42%	3.11%	3.45%
VZ	6.22%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%	4.57%	4.22%
PFE	5.73%	5.70%	3.12%	2.64%	3.91%	3.68%	3.12%	3.53%	3.69%	3.47%	3.34%	3.13%
BLK BlackRock, Inc.	2.05%	2.46%	2.75%	1.80%	2.01%	2.63%	3.06%	1.95%	2.41%	2.56%	2.16%	2.12%
ADP Automatic Data Processing, Inc.	1.94%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%	2.11%	2.22%
LMT	2.09%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%	2.85%	3.22%
MO	7.95%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%	4.06%	4.79%
EOG	3.82%	4.80%	6.79%	4.07%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%	0.55%	0.39%
BX The Blackstone Group Inc.	2.22%	2.54%	6.66%	2.76%	2.95%	3.43%	8.12%	7.25%	8.44%	9.92%	5.63%	3.67%
ITW	2.19%	2.07%	2.30%	1.91%	2.17%	2.30%	2.81%	1.71%	1.96%	2.23%	1.91%	1.90%
MMM	2.91%	5.49%	4.97%	3.33%	3.36%	3.26%	2.85%	2.00%	2.49%	2.72%	2.08%	1.81%
USB	4.26%	4.46%	4.31%	3.13%	3.61%	2.66%	2.93%	2.16%	2.08%	2.37%	2.15%	2.19%
F	7.26%	10.20%	4.03%	0.45%	1.60%	6.05%	9.18%	5.20%	7.01%	4.26%	3.23%	2.35%
VLO	2.97%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	3.05%	3.51%	2.40%	2.12%	1.29%
KMB	3.40%	3.88%	3.42%	3.19%	3.17%	3.00%	3.51%	3.22%	3.22%	2.77%	0.74%	0.02%
PAYX	2.69%	2.90%	2.62%	1.90%	2.66%	2.85%	3.35%	2.82%	2.89%	3.03%	3.16%	1.54%
NEM	2.12%	3.87%	4.66%	3.55%	1.74%	3.31%	1.58%	0.65%	0.36%	0.54%	1.16%	5.23%
FAST	2.47%	2.73%	2.60%	1.74%	2.83%	2.32%	2.90%	2.31%	2.52%	2.70%	2.07%	1.66%
OKE	4.06%	5.44%	5.69%	6.36%	9.74%	4.66%	6.01%	5.09%	4.28%	9.85%	4.27%	0.00%
ALL The Allstate Corporation	1.94%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%	1.59%	1.83%
TROW	4.53%	4.53%	4.40%	3.72%	2.38%	2.50%	3.03%	2.14%	2.83%	5.67%	2.05%	1.81%
LYB	5.52%	5.20%	11.92%	4.81%	4.58%	20.27%	4.81%	3.22%	3.88%	3.50%	3.40%	2.49%
MTB	2.86%	3.79%	3.31%	2.93%	3.46%	2.42%	2.48%	1.75%	1.79%	2.31%	2.23%	2.41%
CTRA	3.33%	4.58%	10.13%	5.89%	2.46%	1.87%	1.00%	0.53%	0.31%	0.41%	0.24%	0.14%
DRI	3.46%	3.07%	3.34%	2.29%	0.99%	2.99%	2.76%	2.48%	2.92%	0.00%	0.00%	0.00%
FITB	3.24%	3.94%	3.84%	2.62%	3.92%	3.06%	3.14%	1.98%	1.97%	2.59%	2.50%	2.23%
RF	4.09%	4.54%	3.43%	2.98%	3.85%	3.44%	3.44%	1.82%	1.78%	2.40%	1.70%	1.01%
HBAN	4.03%	4.87%	4.40%	3.92%	4.75%	3.85%	5.12%	2.40%	2.19%	2.26%	2.00%	1.97%
K	2.79%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NTRS	3.25%	3.56%	3.28%	2.34%	3.01%	2.45%	2.32%	1.60%	1.66%	1.96%	1.93%	1.99%
BBY Best Buy Co., Inc.	3.84%	4.70%	4.39%	2.76%	2.20%	2.28%	3.40%	1.99%	3.68%	4.67%	1.80%	1.66%
TSN	3.33%	3.59%	2.99%	2.06%	2.65%	2.11%	2.39%	1.48%	1.09%	0.84%	0.81%	0.67%
AMCR Amcor plc	4.47%	5.11%	4.05%	3.93%	3.93%	5.20%	4.74%	3.69%	3.89%	2.04%	3.53%	0.00%
SNA	2.55%	2.33%	2.57%	2.37%	2.61%	2.32%	2.35%	1.69%	1.48%	1.28%	1.35%	1.44%
PKG	2.29%	3.07%	3.71%	2.94%	2.44%	2.82%	3.59%	2.09%	2.78%	3.49%	2.05%	2.39%
IPG	4.14%	3.80%	3.48%	2.88%	4.34%	4.07%	4.07%	3.57%	2.56%	2.06%	1.83%	1.69%
IP	3.84%	5.12%	5.34%	0.99%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
WSO	2.10%	2.29%	3.43%	2.44%	3.06%	3.55%	4.02%	2.71%	2.43%	2.39%	1.87%	1.20%
KEY	4.76%	5.69%	4.54%	3.24%	4.51%	3.51%	3.82%	1.88%	1.81%	2.20%	1.80%	1.60%
FNF	3.17%	3.59%	4.57%	2.99%	3.45%	3.54%	3.82%	2.07%	2.59%	2.31%	1.93%	2.04%
WSM	1.41%	1.72%	2.65%	1.43%	1.93%	2.55%	3.33%	2.98%	3.02%	2.36%	1.72%	1.97%
UNM	2.42%	3.07%	3.07%	4.76%	4.97%	3.74%	3.34%	1.57%	1.75%	2.10%	1.78%	1.57%
NRG	1.78%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%	2.00%	1.57%
RHI	3.08%	2.18%	2.33%	1.36%	2.18%	1.96%	1.96%	1.73%	1.80%	1.70%	1.23%	1.52%
WHR	6.66%	5.75%	4.95%	2.32%	2.69%	3.22%	4.26%	2.55%	2.15%	2.35%	1.48%	1.51%
CMA Comerica Incorporated	4.63%	5.09%	4.07%	3.13%	4.87%	3.74%	2.68%	1.26%	1.31%	1.98%	1.69%	1.43%
FAF	3.30%	3.26%	3.94%	2.48%	3.45%	2.88%	3.58%	2.57%	3.28%	2.79%	2.48%	1.70%
ZION	3.28%	3.74%	3.21%	2.28%	3.13%	2.47%	2.55%	0.87%	0.65%	0.81%	0.56%	0.43%
HUN	4.12%	3.78%	3.09%	2.08%	2.59%	2.69%	3.37%	1.50%	2.62%	4.40%	2.19%	2.03%
HRB	2.19%	2.52%	3.07%	4.54%	6.56%	4.39%	3.90%	3.59%	3.74%	2.40%	2.38%	2.75%
SNV	3.32%	4.04%	3.62%	2.76%	4.08%	3.06%	3.13%	1.25%	1.17%	1.30%	1.14%	1.11%
OZK	3.62%	2.85%	3.15%	2.43%	3.45%	3.08%	3.48%	1.47%	1.20%	1.11%	1.24%	1.27%
MSM	3.98%	3.16%	3.72%	3.57%	13.63%	3.52%	3.08%	2.36%	1.88%	2.90%	5.81%	1.15%
WU	7.93%	7.89%	6.83%	5.27%	4.10%	2.99%	4.45%	3.68%	2.95%	3.46%	2.79%	2.90%
AAP Advance Auto Parts, Inc.	2.66%	3.28%	4.08%	1.35%	0.63%	0.15%	0.15%	0.24%	0.14%	0.16%	0.15%	0.22%
RDN	2.78%	3.15%	4.20%	2.58%	2.47%	0.04%	0.06%	0.05%	0.06%	0.07%	0.06%	0.07%
LAZ	3.80%	5.75%	5.60%	4.31%	4.44%	4.78%	8.21%	5.35%	6.55%	5.22%	2.40%	2.21%
LEG	7.99%	6.95%	5.40%	4.03%	3.61%	3.11%	4.19%	2.98%	2.74%	3.00%	2.86%	3.81%
JHG	3.97%	5.17%	6.59%	3.58%	5.54%	5.89%	6.76%	1.67%	0.00%	0.00%	0.00%	0.00%
WEN	5.37%	5.13%	2.21%	1.80%	1.32%	1.89%	2.18%	1.71%	1.81%	2.09%	2.27%	2.06%
MDC	1.75%	3.80%	6.33%	2.99%	2.86%	3.09%	4.27%	2.91%	3.71%	3.92%	3.78%	0.00%
CRI Carter's, Inc.	5.09%	4.01%	4.02%	1.38%	0.64%	1.83%	2.21%	1.26%	1.53%	0.99%	0.87%	0.67%
APAM Artisan Partners Asset Management Inc.	6.88%	5.97%	12.36%	8.88%	6.73%	10.49%	14.43%	6.99%	9.41%	9.29%	7.58%	1.32%
CATY Cathay General Bancorp	3.09%	3.05%	3.33%	2.95%	3.85%	3.26%	3.07%	2.06%	1.97%	1.79%	1.13%	0.30%
IBOC	2.13%	2.32%	2.62%	2.71%	2.94%	2.44%	2.18%	1.66%	1.47%	2.26%	1.96%	1.63%
CVBF	4.25%	2.97%	2.99%	3.36%	4.62%	3.15%	2.77%	2.21%	1.57%	2.84%	2.50%	2.26%
BOH Bank of Hawaii Corporation	4.21%	3.86%	3.61%	3.27%	3.50%	2.72%	3.48%	2.38%	2.13%	2.86%	3.03%	3.04%
CBRL Cracker Barrel Old Country Store, Inc.	9.32%	6.75%	5.49%	1.79%	2.96%	5.27%	5.41%	5.16%	4.64%	5.68%	3.02%	2.27%
BANR Banner Corporation	3.03%	3.58%	2.78%	2.70%	3.52%	2.79%	3.38%	3.56%	1.11%	1.50%	1.60%	1.17%
CNS Cohen & Steers, Inc.	2.49%	3.01%	3.41%	1.93%	2.10%	2.29%	11.13%	4.48%	4.58%	4.92%	4.47%	4.49%
OFG	2.20%	2.35%	2.54%	1.51%	1.51%	1.19%	1.52%	2.55%	1.83%	4.92%	2.04%	1.50%
NWBI	6.03%	6.41%	5.72%	5.58%	5.97%	4.33%	4.01%	3.83%	3.33%	4.18%	12.93%	3.25%
FCF	3.00%	3.21%	3.40%	2.83%	4.02%	2.76%	2.90%	2.23%	1.97%	3.09%	3.04%	2.61%
AGM Federal Agricultural Mortgage Corporation	2.86%	2.30%	3.37%	2.84%	4.31%	3.35%	3.84%	1.84%	1.82%	2.03%	1.85%	1.40%
CHCO City Holding Company	1.81%	2.42%	2.63%	2.84%	3.28%	2.64%	2.83%	2.59%	2.53%	3.64%	3.37%	3.15%
STC	2.78%	3.15%	3.86%	1.71%	2.48%	2.94%	2.90%	2.84%	2.60%	2.14%	0.27%	0.31%
STBA	3.24%	3.86%	3.51%	3.59%	4.51%	2.71%	2.62%	2.06%	1.97%	2.37%	2.28%	2.41%
KFRC	2.67%	2.13%	2.19%	1.30%	1.90%	1.81%	1.94%	1.90%	2.08%	1.78%	1.70%	0.49%
BKE The Buckle, Inc.	9.21%	8.52%	2.32%	16.52%	14.21%	7.40%	14.22%	7.37%	8.77%	11.99%	3.96%	1.11%
RGR	1.81%	2.79%	14.66%	4.94%	10.00%	1.74%	2.07%	2.44%	3.28%	1.85%	4.68%	2.91%
SRCE	2.30%	2.37%	2.37%	2.44%	2.80%	2.12%	2.38%	1.54%	1.61%	2.33%	2.28%	2.34%
PFC	5.22%	5.15%	4.45%	3.40%	3.83%	2.51%	2.61%	1.92%	1.73%	2.05%	1.83%	1.54%
ETD	6.35%	5.91%	6.59%	10.61%	3.12%	9.34%	6.08%	2.66%	1.76%	1.87%	1.36%	0.92%
HFWA	4.17%	4.11%	2.74%	3.31%	3.42%	2.61%	2.41%	1.96%	2.75%	2.74%	2.75%	2.36%
GES	17.76%	4.88%	4.35%	2.26%	0.91%	2.39%	4.33%	5.33%	7.44%	4.77%	4.27%	2.57%
HAFC	5.03%	5.15%	3.80%	2.28%	4.59%	4.80%	4.87%	2.64%	1.89%	1.98%	1.28%	0.64%
EBF	15.91%	4.56%	4.51%	4.86%	5.04%	4.16%	4.94%	3.61%	12.68%	3.64%	5.20%	1.98%
USD	0.02%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	3.71%	0.39%	1.80%	0.63%
CPF Central Pacific Financial Corp.	3.55%	5.28%	5.13%	3.41%	4.84%	3.04%	3.37%	2.35%	1.91%	3.70%	1.65%	0.79%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

SCHD

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the SCHD. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SCHD was 42.64%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.

The current SCHD drawdown is 0.13%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-42.64%	Jan 17, 2020	45	Mar 23, 2020	172	Nov 24, 2020	217
-20.99%	Aug 22, 2018	86	Dec 24, 2018	145	Jul 24, 2019	231
-17.93%	Jan 18, 2022	334	May 16, 2023	147	Dec 14, 2023	481
-9.34%	Jan 29, 2018	9	Feb 8, 2018	124	Aug 7, 2018	133
-8.65%	Jun 9, 2021	28	Jul 19, 2021	62	Oct 14, 2021	90

Volatility

Volatility Chart

The current SCHD volatility is 4.05%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

SCHD

Benchmark (^GSPC)

Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	NEM	K	KMB	MRK	PEP	PFE	VZ	LMT	CTRA	RGR	AMGN	NRG	WEN	MO	KO	EOG	TSN	HRB	WSM	USD	MDC	CBRL	VLO	AAP	DRI	WSO	AMCR	BKE	CVX	EBF	STC	TXN	ALL	CRI	WU	CSCO	BBY	HD	ADP	ETD	GES	UPS	OKE	BX	FAST	KFRC	PAYX	FAF	FNF	AGM	F	WHR	MMM	PKG	RDN	CNS	MSM	IPG	LAZ	HUN	IP	OFG	LYB	JHG	UNM	RHI	LEG	SNA	BLK	APAM	HFWA	PFC	ITW	CHCO	TROW	CVBF	NWBI	HAFC	CPF	SRCE	STBA	BANR	BOH	OZK	MTB	IBOC	FCF	NTRS	CMA	USB	ZION	RF	KEY	FITB	HBAN	SNV	CATY
NEM	1.00	0.14	0.16	0.14	0.18	0.13	0.16	0.13	0.14	0.10	0.18	0.15	0.08	0.15	0.19	0.13	0.15	0.05	0.08	0.14	0.15	0.06	0.12	0.13	0.05	0.14	0.21	0.03	0.19	0.11	0.15	0.18	0.10	0.09	0.13	0.18	0.12	0.16	0.14	0.09	0.03	0.12	0.21	0.16	0.11	0.08	0.15	0.18	0.15	0.09	0.11	0.16	0.18	0.16	0.09	0.20	0.13	0.10	0.13	0.18	0.14	0.04	0.19	0.17	0.03	0.08	0.13	0.13	0.18	0.16	0.05	0.08	0.17	0.04	0.16	0.07	0.08	0.06	0.07	0.06	0.07	0.06	0.09	0.05	0.06	0.06	0.04	0.11	0.07	0.10	0.06	0.06	0.07	0.08	0.05	0.07	0.08
K	0.14	1.00	0.52	0.31	0.52	0.22	0.36	0.25	0.13	0.15	0.30	0.16	0.18	0.38	0.45	0.08	0.38	0.15	0.12	0.02	0.12	0.13	0.09	0.21	0.10	0.16	0.23	0.08	0.13	0.20	0.11	0.11	0.26	0.15	0.26	0.21	0.15	0.22	0.26	0.14	0.08	0.22	0.17	0.11	0.21	0.15	0.25	0.17	0.16	0.13	0.13	0.23	0.26	0.21	0.10	0.17	0.22	0.20	0.13	0.12	0.23	0.10	0.14	0.13	0.18	0.15	0.20	0.21	0.18	0.16	0.16	0.12	0.25	0.15	0.17	0.14	0.18	0.12	0.14	0.14	0.15	0.12	0.15	0.11	0.14	0.14	0.15	0.16	0.11	0.17	0.11	0.11	0.12	0.11	0.12	0.11	0.14
KMB	0.16	0.52	1.00	0.33	0.57	0.30	0.39	0.27	0.09	0.12	0.34	0.18	0.22	0.37	0.52	0.03	0.30	0.17	0.13	0.09	0.18	0.17	0.05	0.19	0.16	0.21	0.28	0.07	0.09	0.19	0.16	0.17	0.29	0.13	0.27	0.25	0.18	0.28	0.32	0.13	0.05	0.28	0.12	0.16	0.27	0.16	0.32	0.22	0.20	0.12	0.12	0.28	0.30	0.24	0.12	0.23	0.23	0.19	0.14	0.11	0.21	0.10	0.12	0.17	0.14	0.16	0.21	0.24	0.23	0.18	0.14	0.12	0.31	0.16	0.22	0.13	0.16	0.10	0.13	0.14	0.14	0.13	0.13	0.10	0.13	0.12	0.14	0.18	0.07	0.16	0.08	0.10	0.10	0.10	0.10	0.11	0.11
MRK	0.14	0.31	0.33	1.00	0.37	0.49	0.34	0.27	0.15	0.13	0.46	0.20	0.18	0.30	0.37	0.14	0.21	0.19	0.08	0.11	0.12	0.11	0.17	0.17	0.13	0.20	0.22	0.10	0.23	0.17	0.16	0.19	0.28	0.16	0.23	0.29	0.13	0.22	0.33	0.12	0.07	0.23	0.23	0.18	0.26	0.17	0.34	0.20	0.19	0.17	0.16	0.17	0.26	0.25	0.20	0.23	0.22	0.19	0.19	0.17	0.22	0.16	0.17	0.19	0.21	0.18	0.20	0.21	0.27	0.21	0.17	0.16	0.28	0.19	0.24	0.17	0.16	0.15	0.16	0.18	0.20	0.16	0.17	0.14	0.15	0.20	0.18	0.22	0.16	0.22	0.16	0.14	0.15	0.17	0.16	0.15	0.16
PEP	0.18	0.52	0.57	0.37	1.00	0.34	0.38	0.35	0.09	0.16	0.39	0.22	0.31	0.41	0.71	0.07	0.34	0.22	0.16	0.20	0.23	0.19	0.11	0.24	0.24	0.26	0.33	0.12	0.16	0.22	0.20	0.28	0.34	0.19	0.30	0.37	0.21	0.37	0.46	0.17	0.08	0.32	0.19	0.24	0.35	0.20	0.45	0.27	0.25	0.16	0.19	0.27	0.34	0.27	0.19	0.28	0.28	0.26	0.21	0.18	0.23	0.13	0.17	0.23	0.19	0.22	0.25	0.27	0.34	0.24	0.17	0.16	0.37	0.18	0.32	0.15	0.19	0.14	0.16	0.18	0.17	0.15	0.15	0.12	0.17	0.19	0.17	0.23	0.13	0.23	0.14	0.15	0.15	0.17	0.17	0.14	0.18
PFE	0.13	0.22	0.30	0.49	0.34	1.00	0.33	0.28	0.18	0.13	0.44	0.23	0.17	0.27	0.35	0.16	0.24	0.17	0.15	0.19	0.13	0.13	0.19	0.22	0.17	0.20	0.29	0.15	0.25	0.19	0.21	0.26	0.30	0.15	0.26	0.36	0.18	0.28	0.33	0.15	0.14	0.31	0.24	0.25	0.28	0.21	0.34	0.24	0.25	0.19	0.21	0.24	0.35	0.29	0.24	0.29	0.23	0.26	0.25	0.23	0.28	0.19	0.25	0.27	0.23	0.26	0.23	0.25	0.34	0.30	0.23	0.21	0.33	0.25	0.31	0.23	0.24	0.21	0.23	0.24	0.23	0.21	0.24	0.21	0.23	0.24	0.23	0.28	0.23	0.30	0.25	0.23	0.24	0.25	0.25	0.21	0.23
VZ	0.16	0.36	0.39	0.34	0.38	0.33	1.00	0.26	0.20	0.15	0.31	0.25	0.19	0.36	0.43	0.16	0.33	0.24	0.16	0.10	0.19	0.21	0.19	0.29	0.21	0.21	0.30	0.20	0.27	0.22	0.21	0.21	0.34	0.24	0.31	0.32	0.23	0.30	0.31	0.21	0.18	0.28	0.24	0.19	0.25	0.22	0.33	0.27	0.26	0.22	0.23	0.28	0.33	0.31	0.23	0.29	0.27	0.32	0.24	0.22	0.32	0.22	0.27	0.23	0.27	0.25	0.29	0.32	0.28	0.27	0.26	0.24	0.34	0.27	0.28	0.28	0.30	0.25	0.27	0.26	0.27	0.27	0.29	0.26	0.30	0.26	0.29	0.32	0.26	0.35	0.27	0.27	0.28	0.30	0.30	0.25	0.27
LMT	0.13	0.25	0.27	0.27	0.35	0.28	0.26	1.00	0.22	0.14	0.26	0.24	0.23	0.30	0.39	0.30	0.27	0.29	0.16	0.16	0.22	0.18	0.27	0.22	0.20	0.28	0.26	0.19	0.34	0.26	0.21	0.22	0.38	0.24	0.26	0.31	0.23	0.28	0.39	0.19	0.17	0.28	0.33	0.22	0.31	0.27	0.36	0.27	0.28	0.23	0.23	0.25	0.36	0.31	0.27	0.26	0.32	0.30	0.25	0.25	0.30	0.23	0.31	0.25	0.35	0.31	0.27	0.33	0.31	0.28	0.28	0.25	0.39	0.28	0.31	0.25	0.27	0.25	0.27	0.27	0.27	0.27	0.26	0.23	0.29	0.29	0.25	0.32	0.26	0.29	0.27	0.27	0.27	0.27	0.27	0.26	0.26
CTRA	0.14	0.13	0.09	0.15	0.09	0.18	0.20	0.22	1.00	0.17	0.19	0.27	0.16	0.21	0.16	0.55	0.24	0.22	0.23	0.21	0.19	0.20	0.44	0.23	0.18	0.21	0.20	0.24	0.53	0.24	0.19	0.25	0.26	0.25	0.27	0.25	0.24	0.20	0.21	0.26	0.27	0.26	0.48	0.22	0.24	0.23	0.21	0.21	0.22	0.28	0.33	0.28	0.25	0.30	0.28	0.23	0.31	0.29	0.29	0.33	0.32	0.27	0.38	0.28	0.37	0.28	0.30	0.31	0.27	0.28	0.26	0.28	0.28	0.27	0.29	0.30	0.29	0.28	0.30	0.28	0.29	0.30	0.31	0.34	0.33	0.31	0.30	0.34	0.34	0.33	0.34	0.35	0.34	0.34	0.34	0.34	0.34
RGR	0.10	0.15	0.12	0.13	0.16	0.13	0.15	0.14	0.17	1.00	0.18	0.17	0.23	0.18	0.15	0.18	0.21	0.23	0.30	0.22	0.26	0.28	0.18	0.29	0.26	0.31	0.25	0.32	0.21	0.30	0.28	0.25	0.23	0.29	0.24	0.24	0.34	0.33	0.26	0.35	0.32	0.28	0.25	0.24	0.31	0.31	0.25	0.25	0.25	0.28	0.26	0.32	0.28	0.29	0.28	0.31	0.32	0.27	0.30	0.30	0.28	0.30	0.27	0.28	0.26	0.32	0.32	0.32	0.31	0.32	0.30	0.35	0.33	0.32	0.31	0.30	0.32	0.32	0.34	0.33	0.33	0.33	0.31	0.34	0.28	0.33	0.33	0.30	0.30	0.29	0.31	0.31	0.30	0.31	0.29	0.31	0.34
AMGN	0.18	0.30	0.34	0.46	0.39	0.44	0.31	0.26	0.19	0.18	1.00	0.25	0.23	0.30	0.34	0.17	0.28	0.23	0.22	0.29	0.17	0.16	0.20	0.24	0.17	0.28	0.29	0.17	0.23	0.22	0.22	0.35	0.31	0.22	0.30	0.41	0.26	0.33	0.39	0.20	0.16	0.33	0.25	0.29	0.34	0.20	0.36	0.26	0.25	0.24	0.23	0.30	0.37	0.32	0.23	0.28	0.29	0.28	0.29	0.25	0.30	0.22	0.24	0.29	0.25	0.27	0.28	0.28	0.39	0.35	0.26	0.26	0.34	0.27	0.39	0.27	0.25	0.24	0.25	0.26	0.27	0.25	0.27	0.25	0.27	0.27	0.25	0.31	0.24	0.31	0.27	0.25	0.26	0.26	0.27	0.26	0.27
NRG	0.15	0.16	0.18	0.20	0.22	0.23	0.25	0.24	0.27	0.17	0.25	1.00	0.23	0.20	0.27	0.27	0.22	0.24	0.26	0.32	0.27	0.22	0.28	0.25	0.25	0.30	0.26	0.19	0.30	0.22	0.28	0.33	0.30	0.27	0.29	0.34	0.26	0.29	0.32	0.23	0.24	0.27	0.37	0.33	0.30	0.29	0.33	0.34	0.34	0.27	0.29	0.29	0.32	0.33	0.35	0.30	0.29	0.29	0.32	0.30	0.32	0.26	0.32	0.34	0.32	0.34	0.29	0.31	0.36	0.34	0.25	0.29	0.35	0.25	0.36	0.25	0.28	0.27	0.27	0.27	0.27	0.29	0.28	0.28	0.28	0.29	0.28	0.36	0.30	0.35	0.32	0.32	0.33	0.33	0.32	0.31	0.30
WEN	0.08	0.18	0.22	0.18	0.31	0.17	0.19	0.23	0.16	0.23	0.23	0.23	1.00	0.22	0.31	0.17	0.28	0.27	0.30	0.26	0.33	0.41	0.19	0.32	0.44	0.29	0.29	0.28	0.21	0.28	0.33	0.29	0.31	0.32	0.32	0.31	0.31	0.35	0.34	0.29	0.30	0.28	0.25	0.30	0.33	0.28	0.34	0.35	0.31	0.28	0.30	0.33	0.29	0.28	0.31	0.35	0.32	0.34	0.31	0.28	0.29	0.28	0.28	0.32	0.27	0.32	0.38	0.34	0.32	0.31	0.27	0.29	0.33	0.27	0.34	0.27	0.30	0.28	0.30	0.30	0.29	0.29	0.31	0.30	0.29	0.31	0.30	0.31	0.29	0.31	0.29	0.30	0.29	0.31	0.32	0.31	0.32
MO	0.15	0.38	0.37	0.30	0.41	0.27	0.36	0.30	0.21	0.18	0.30	0.20	0.22	1.00	0.45	0.25	0.35	0.27	0.22	0.12	0.25	0.25	0.24	0.27	0.26	0.20	0.31	0.24	0.32	0.28	0.26	0.21	0.34	0.28	0.30	0.30	0.26	0.27	0.32	0.26	0.24	0.28	0.33	0.22	0.26	0.24	0.35	0.28	0.30	0.27	0.32	0.31	0.36	0.33	0.31	0.29	0.30	0.34	0.26	0.29	0.36	0.27	0.33	0.27	0.36	0.28	0.35	0.33	0.29	0.28	0.28	0.27	0.38	0.30	0.30	0.29	0.30	0.29	0.31	0.31	0.29	0.29	0.30	0.27	0.34	0.30	0.29	0.30	0.29	0.35	0.30	0.31	0.31	0.32	0.33	0.30	0.31
KO	0.19	0.45	0.52	0.37	0.71	0.35	0.43	0.39	0.16	0.15	0.34	0.27	0.31	0.45	1.00	0.15	0.38	0.28	0.16	0.17	0.25	0.27	0.19	0.26	0.29	0.25	0.39	0.17	0.25	0.27	0.25	0.27	0.40	0.24	0.35	0.36	0.23	0.34	0.47	0.19	0.17	0.35	0.26	0.28	0.33	0.26	0.47	0.31	0.33	0.25	0.27	0.30	0.40	0.35	0.26	0.34	0.32	0.34	0.26	0.27	0.34	0.24	0.30	0.28	0.29	0.28	0.33	0.35	0.37	0.30	0.26	0.26	0.43	0.27	0.34	0.25	0.28	0.24	0.27	0.27	0.26	0.26	0.26	0.22	0.28	0.27	0.26	0.32	0.24	0.35	0.25	0.26	0.27	0.28	0.28	0.25	0.27
EOG	0.13	0.08	0.03	0.14	0.07	0.16	0.16	0.30	0.55	0.18	0.17	0.27	0.17	0.25	0.15	1.00	0.23	0.21	0.20	0.24	0.19	0.21	0.60	0.21	0.22	0.19	0.22	0.29	0.75	0.27	0.26	0.26	0.28	0.28	0.28	0.30	0.25	0.19	0.24	0.23	0.33	0.26	0.66	0.27	0.24	0.27	0.23	0.26	0.28	0.30	0.37	0.26	0.31	0.34	0.34	0.25	0.35	0.34	0.35	0.40	0.35	0.33	0.51	0.33	0.44	0.36	0.32	0.33	0.32	0.34	0.32	0.32	0.32	0.31	0.34	0.33	0.32	0.35	0.34	0.34	0.34	0.36	0.35	0.38	0.39	0.37	0.37	0.40	0.43	0.39	0.41	0.44	0.43	0.42	0.40	0.41	0.39
TSN	0.15	0.38	0.30	0.21	0.34	0.24	0.33	0.27	0.24	0.21	0.28	0.22	0.28	0.35	0.38	0.23	1.00	0.24	0.24	0.18	0.27	0.29	0.28	0.32	0.28	0.22	0.31	0.25	0.31	0.30	0.30	0.25	0.33	0.32	0.32	0.29	0.29	0.32	0.30	0.30	0.28	0.31	0.33	0.27	0.25	0.29	0.32	0.33	0.35	0.32	0.34	0.33	0.34	0.35	0.33	0.34	0.32	0.36	0.33	0.34	0.40	0.31	0.35	0.31	0.33	0.32	0.39	0.37	0.31	0.31	0.34	0.33	0.34	0.33	0.33	0.35	0.38	0.36	0.38	0.35	0.36	0.35	0.38	0.35	0.39	0.36	0.37	0.37	0.37	0.41	0.39	0.37	0.41	0.40	0.38	0.39	0.39
HRB	0.05	0.15	0.17	0.19	0.22	0.17	0.24	0.29	0.22	0.23	0.23	0.24	0.27	0.27	0.28	0.21	0.24	1.00	0.28	0.25	0.30	0.33	0.26	0.26	0.34	0.30	0.25	0.31	0.25	0.33	0.32	0.28	0.31	0.34	0.32	0.30	0.31	0.32	0.34	0.35	0.31	0.31	0.28	0.29	0.33	0.37	0.35	0.33	0.33	0.34	0.36	0.34	0.32	0.36	0.36	0.32	0.36	0.39	0.32	0.34	0.35	0.33	0.34	0.36	0.39	0.39	0.38	0.39	0.33	0.34	0.34	0.37	0.39	0.38	0.35	0.36	0.37	0.35	0.34	0.39	0.37	0.37	0.37	0.37	0.38	0.39	0.39	0.39	0.37	0.37	0.37	0.39	0.39	0.38	0.38	0.39	0.39
WSM	0.08	0.12	0.13	0.08	0.16	0.15	0.16	0.16	0.23	0.30	0.22	0.26	0.30	0.22	0.16	0.20	0.24	0.28	1.00	0.41	0.40	0.32	0.25	0.41	0.34	0.42	0.30	0.47	0.25	0.33	0.34	0.39	0.27	0.40	0.31	0.34	0.57	0.50	0.31	0.48	0.45	0.38	0.30	0.40	0.41	0.34	0.33	0.36	0.33	0.31	0.41	0.45	0.36	0.33	0.34	0.36	0.38	0.35	0.35	0.35	0.36	0.28	0.35	0.38	0.27	0.42	0.44	0.42	0.42	0.40	0.31	0.33	0.40	0.30	0.45	0.32	0.33	0.34	0.33	0.33	0.32	0.33	0.34	0.37	0.33	0.34	0.34	0.36	0.35	0.35	0.35	0.37	0.36	0.37	0.36	0.39	0.38
USD	0.14	0.02	0.09	0.11	0.20	0.19	0.10	0.16	0.21	0.22	0.29	0.32	0.26	0.12	0.17	0.24	0.18	0.25	0.41	1.00	0.39	0.27	0.29	0.26	0.32	0.42	0.29	0.30	0.28	0.26	0.31	0.81	0.23	0.32	0.33	0.54	0.44	0.46	0.43	0.30	0.33	0.43	0.31	0.51	0.46	0.34	0.43	0.36	0.34	0.31	0.41	0.39	0.38	0.35	0.34	0.41	0.36	0.37	0.44	0.42	0.34	0.29	0.36	0.49	0.30	0.44	0.37	0.40	0.56	0.51	0.27	0.26	0.46	0.27	0.57	0.28	0.26	0.31	0.28	0.27	0.28	0.30	0.30	0.34	0.31	0.33	0.29	0.44	0.37	0.35	0.35	0.37	0.36	0.37	0.36	0.38	0.35
MDC	0.15	0.12	0.18	0.12	0.23	0.13	0.19	0.22	0.19	0.26	0.17	0.27	0.33	0.25	0.25	0.19	0.27	0.30	0.40	0.39	1.00	0.33	0.26	0.33	0.37	0.41	0.27	0.32	0.23	0.31	0.41	0.37	0.28	0.37	0.31	0.33	0.42	0.48	0.32	0.44	0.36	0.32	0.30	0.40	0.38	0.34	0.36	0.46	0.43	0.32	0.40	0.52	0.34	0.38	0.37	0.40	0.36	0.36	0.36	0.36	0.37	0.29	0.35	0.39	0.29	0.40	0.51	0.42	0.40	0.42	0.29	0.37	0.42	0.31	0.44	0.31	0.33	0.34	0.33	0.33	0.34	0.34	0.36	0.35	0.32	0.33	0.34	0.36	0.34	0.34	0.34	0.34	0.35	0.35	0.35	0.37	0.38
CBRL	0.06	0.13	0.17	0.11	0.19	0.13	0.21	0.18	0.20	0.28	0.16	0.22	0.41	0.25	0.27	0.21	0.29	0.33	0.32	0.27	0.33	1.00	0.24	0.33	0.60	0.28	0.29	0.39	0.25	0.34	0.32	0.29	0.29	0.39	0.30	0.29	0.36	0.33	0.27	0.39	0.40	0.32	0.33	0.32	0.30	0.33	0.30	0.35	0.34	0.36	0.40	0.41	0.34	0.32	0.38	0.36	0.34	0.43	0.35	0.34	0.34	0.36	0.34	0.37	0.35	0.37	0.45	0.38	0.33	0.38	0.37	0.41	0.35	0.39	0.36	0.39	0.41	0.37	0.40	0.41	0.41	0.41	0.41	0.41	0.40	0.41	0.42	0.37	0.41	0.40	0.40	0.42	0.41	0.40	0.42	0.43	0.42
VLO	0.12	0.09	0.05	0.17	0.11	0.19	0.19	0.27	0.44	0.18	0.20	0.28	0.19	0.24	0.19	0.60	0.28	0.26	0.25	0.29	0.26	0.24	1.00	0.24	0.28	0.23	0.24	0.33	0.66	0.31	0.27	0.30	0.32	0.31	0.33	0.33	0.27	0.24	0.30	0.28	0.38	0.29	0.55	0.29	0.26	0.34	0.30	0.31	0.33	0.34	0.37	0.28	0.36	0.38	0.37	0.30	0.38	0.35	0.39	0.44	0.39	0.38	0.52	0.35	0.48	0.40	0.36	0.39	0.36	0.37	0.37	0.38	0.37	0.38	0.36	0.39	0.38	0.41	0.39	0.40	0.41	0.40	0.40	0.43	0.42	0.41	0.42	0.46	0.46	0.44	0.44	0.46	0.45	0.45	0.44	0.44	0.44
AAP	0.13	0.21	0.19	0.17	0.24	0.22	0.29	0.22	0.23	0.29	0.24	0.25	0.32	0.27	0.26	0.21	0.32	0.26	0.41	0.26	0.33	0.33	0.24	1.00	0.38	0.32	0.32	0.36	0.28	0.30	0.31	0.29	0.31	0.41	0.34	0.32	0.44	0.47	0.34	0.42	0.38	0.38	0.31	0.33	0.39	0.33	0.35	0.36	0.34	0.32	0.39	0.40	0.38	0.34	0.33	0.37	0.37	0.39	0.37	0.38	0.36	0.31	0.35	0.38	0.33	0.40	0.43	0.43	0.37	0.39	0.35	0.35	0.41	0.34	0.41	0.35	0.38	0.36	0.37	0.35	0.36	0.39	0.41	0.39	0.40	0.39	0.39	0.40	0.39	0.41	0.40	0.40	0.41	0.41	0.42	0.41	0.40
DRI	0.05	0.10	0.16	0.13	0.24	0.17	0.21	0.20	0.18	0.26	0.17	0.25	0.44	0.26	0.29	0.22	0.28	0.34	0.34	0.32	0.37	0.60	0.28	0.38	1.00	0.29	0.31	0.38	0.26	0.31	0.34	0.36	0.32	0.38	0.35	0.35	0.39	0.37	0.34	0.36	0.39	0.32	0.33	0.36	0.33	0.35	0.38	0.38	0.36	0.34	0.39	0.38	0.32	0.34	0.36	0.35	0.34	0.41	0.36	0.36	0.34	0.34	0.34	0.41	0.36	0.42	0.44	0.40	0.39	0.39	0.35	0.37	0.39	0.36	0.41	0.37	0.37	0.35	0.39	0.37	0.36	0.40	0.40	0.38	0.40	0.41	0.40	0.39	0.41	0.42	0.40	0.42	0.42	0.43	0.43	0.43	0.41
WSO	0.14	0.16	0.21	0.20	0.26	0.20	0.21	0.28	0.21	0.31	0.28	0.30	0.29	0.20	0.25	0.19	0.22	0.30	0.42	0.42	0.41	0.28	0.23	0.32	0.29	1.00	0.32	0.31	0.24	0.35	0.37	0.42	0.32	0.34	0.31	0.39	0.40	0.48	0.41	0.40	0.32	0.43	0.29	0.43	0.60	0.38	0.44	0.44	0.40	0.31	0.38	0.47	0.44	0.41	0.36	0.39	0.54	0.34	0.37	0.39	0.39	0.28	0.36	0.41	0.29	0.44	0.42	0.50	0.46	0.44	0.30	0.33	0.54	0.33	0.46	0.31	0.33	0.34	0.31	0.33	0.33	0.33	0.34	0.38	0.32	0.35	0.34	0.41	0.33	0.34	0.34	0.34	0.34	0.34	0.35	0.37	0.37
AMCR	0.21	0.23	0.28	0.22	0.33	0.29	0.30	0.26	0.20	0.25	0.29	0.26	0.29	0.31	0.39	0.22	0.31	0.25	0.30	0.29	0.27	0.29	0.24	0.32	0.31	0.32	1.00	0.26	0.30	0.32	0.31	0.36	0.31	0.34	0.36	0.38	0.34	0.37	0.38	0.32	0.31	0.38	0.33	0.35	0.36	0.32	0.40	0.37	0.36	0.32	0.35	0.41	0.46	0.50	0.32	0.40	0.40	0.39	0.37	0.42	0.50	0.32	0.46	0.39	0.33	0.35	0.43	0.42	0.42	0.42	0.34	0.34	0.46	0.33	0.42	0.36	0.35	0.36	0.34	0.37	0.35	0.36	0.37	0.36	0.38	0.36	0.36	0.43	0.38	0.44	0.38	0.40	0.40	0.42	0.42	0.39	0.38
BKE	0.03	0.08	0.07	0.10	0.12	0.15	0.20	0.19	0.24	0.32	0.17	0.19	0.28	0.24	0.17	0.29	0.25	0.31	0.47	0.30	0.32	0.39	0.33	0.36	0.38	0.31	0.26	1.00	0.31	0.38	0.36	0.31	0.25	0.46	0.32	0.30	0.48	0.40	0.30	0.48

Performance Analysis

Risk Analysis

Optimization

Factor Model

SCHD

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Asset Correlations Table