WMG vs. SCHD
WMG (Warner Music Group Corp.) 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 5 years, WMG returned -2.21%/yr vs 9.45%/yr for SCHD. At a 0.31 correlation, their price movements are largely independent.
Performance
WMG vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, WMG achieves a -5.79% return, which is significantly lower than SCHD's 22.44% return.
WMG
- 1D
- 0.85%
- 1M
- -0.90%
- 6M
- -6.43%
- YTD
- -5.79%
- 1Y
- -5.37%
- 3Y*
- 1.18%
- 5Y*
- -2.21%
- 10Y*
- —
SCHD
- 1D
- 2.16%
- 1M
- 2.38%
- 6M
- 15.69%
- YTD
- 22.44%
- 1Y
- 27.19%
- 3Y*
- 14.79%
- 5Y*
- 9.45%
- 10Y*
- 12.49%
WMG vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WMG Warner Music Group Corp. | -5.79% | 1.36% | -11.48% | 4.44% | -17.21% | 15.31% | 41.85% |
SCHD Schwab U.S. Dividend Equity ETF | 22.44% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 23.84% |
Correlation
The correlation between WMG and SCHD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.31 |
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Return for Risk
WMG vs. SCHD — Risk / Return Rank
WMG
SCHD
WMG vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Music Group Corp. (WMG) 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.
| WMG | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 5.92 | -6.10 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.46 | -14.86 |
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Drawdowns
WMG vs. SCHD - Drawdown Comparison
The maximum WMG drawdown since its inception was -54.04%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for WMG and SCHD.
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Drawdown Indicators
| WMG | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -33.37% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -4.61% | -25.43% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -16.13% | -16.93% |
Max Drawdown (5Y)Largest decline over 5 years | -54.04% | -16.85% | -37.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -36.06% | 0.00% | -36.06% |
Average DrawdownAverage peak-to-trough decline | -27.17% | -3.30% | -23.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.43% | 1.89% | +11.54% |
Volatility
WMG vs. SCHD - Volatility Comparison
Warner Music Group Corp. (WMG) has a higher volatility of 9.98% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.10%. This indicates that WMG'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
| WMG | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.98% | 4.10% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 26.54% | 8.05% | +18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.80% | 11.04% | +20.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.82% | 14.40% | +20.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 16.71% | +18.46% |
Dividends
WMG vs. SCHD - Dividend Comparison
WMG's dividend yield for the trailing twelve months is around 2.66%, less than SCHD's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.17% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
WMG Warner Music Group Corp. | 2.66% | 2.41% | 2.26% | 1.84% | 1.77% | 1.25% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WMG and SCHD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMG has higher volatility (9.98%) compared to SCHD (4.10%). In terms of maximum drawdown, WMG dropped -54.04% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.47 vs -0.17), 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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