PAA vs. SCHD
PAA (Plains All American Pipeline, L.P.) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, PAA returned 5.97%/yr vs 12.91%/yr for SCHD. At a 0.43 correlation, their price movements are largely independent.
Performance
PAA vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, PAA achieves a 30.01% return, which is significantly higher than SCHD's 20.66% return. Over the past 10 years, PAA has underperformed SCHD with an annualized return of 5.97%, while SCHD has yielded a comparatively higher 12.91% annualized return.
PAA
- 1D
- -0.18%
- 1M
- -0.18%
- YTD
- 30.01%
- 6M
- 31.47%
- 1Y
- 35.06%
- 3Y*
- 28.99%
- 5Y*
- 22.23%
- 10Y*
- 5.97%
SCHD
- 1D
- 0.89%
- 1M
- 3.21%
- YTD
- 20.66%
- 6M
- 19.57%
- 1Y
- 26.72%
- 3Y*
- 14.90%
- 5Y*
- 8.75%
- 10Y*
- 12.91%
PAA vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 30.01% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
SCHD Schwab U.S. Dividend Equity ETF | 20.66% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between PAA and SCHD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.43 |
The correlation between PAA and SCHD shifts across timeframes, from 0.29 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PAA vs. SCHD — Risk / Return Rank
PAA
SCHD
PAA vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAA | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 5.70 | -3.18 |
| Martin ratioReturn relative to average drawdown | 7.17 | 13.97 | -6.79 |
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Drawdowns
PAA vs. SCHD - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PAA and SCHD.
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Drawdown Indicators
| PAA | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -33.37% | -58.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -4.61% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -16.13% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -16.85% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -87.92% | -33.37% | -54.55% |
Current DrawdownCurrent decline from peak | -10.03% | -0.03% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -3.31% | -22.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 1.89% | +3.19% |
Volatility
PAA vs. SCHD - Volatility Comparison
Plains All American Pipeline, L.P. (PAA) has a higher volatility of 7.32% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.05%. This indicates that PAA's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAA | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 3.05% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 7.53% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 10.93% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.81% | 14.38% | +12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 16.72% | +25.10% |
Dividends
PAA vs. SCHD - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 7.11%, more than SCHD's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 7.11% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
SCHD Schwab U.S. Dividend Equity ETF | 3.22% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
PAA and SCHD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAA has higher volatility (7.32%) compared to SCHD (3.05%). In terms of maximum drawdown, PAA dropped -91.99% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.41 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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