SCHD vs. CEG
SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, SCHD returned 13.54%/yr vs 38.87%/yr for CEG. At a 0.26 correlation, their price movements are largely independent.
Performance
SCHD vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, SCHD achieves a 21.36% return, which is significantly higher than CEG's -28.03% return.
SCHD
- 1D
- -0.49%
- 1M
- 3.61%
- 6M
- 15.19%
- YTD
- 21.36%
- 1Y
- 25.66%
- 3Y*
- 13.54%
- 5Y*
- 9.15%
- 10Y*
- 12.32%
- ALL TIME*
- 13.25%
CEG
- 1D
- 0.44%
- 1M
- -7.50%
- 6M
- -17.38%
- YTD
- -28.03%
- 1Y
- -20.72%
- 3Y*
- 38.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.07%
SCHD vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 21.36% | 4.34% | 11.66% | 4.54% | -1.13% |
CEG Constellation Energy Corp | -28.03% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between SCHD and CEG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.26 |
The correlation between SCHD and CEG shifts across timeframes, from -0.02 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCHD vs. CEG — Risk / Return Rank
SCHD
CEG
SCHD vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and Constellation Energy Corp (CEG). 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.
| SCHD | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.96 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 5.59 | -0.50 | +6.09 |
| Martin ratioReturn relative to average drawdown | 13.64 | -0.93 | +14.57 |
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Drawdowns
SCHD vs. CEG - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for SCHD and CEG.
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Drawdown Indicators
| SCHD | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -50.70% | +17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -41.22% | +36.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -50.70% | +34.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | — | — |
Current DrawdownCurrent decline from peak | -0.88% | -36.99% | +36.11% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -12.19% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 22.36% | -20.47% |
Volatility
SCHD vs. CEG - Volatility Comparison
The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 3.63%, while Constellation Energy Corp (CEG) has a volatility of 10.11%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHD | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 10.11% | -6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 35.36% | -27.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 46.62% | -35.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 49.11% | -34.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 49.11% | -32.40% |
Dividends
SCHD vs. CEG - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.20%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.20% | 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
SCHD and CEG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (10.11%) compared to SCHD (3.63%). In terms of maximum drawdown, SCHD dropped -33.37% vs CEG's -50.70%.
SCHD currently has the higher Sharpe Ratio (2.34 vs -0.45), 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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