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Correlation Analysis

Eli Lilly & Co. vs The Charles Schwab Corporation

LLY vs SCHW

+0.330

Light positive

When one moves up, the other tends to follow.

LLY logo

Eli Lilly & Co.

LLY

Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.

Market cap 828.2B · 50,000 employees

SCHW logo

The Charles Schwab Corporation

SCHW

Charles Schwab is one of the largest retail-oriented financial-services companies in the US, with $11.9 trillion in client assets across its brokerage, banking, asset management, custody, financial advisory, and wealth-management businesses at the end of 2025. While best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset management segments. The firm is a dominant player in registered investment advisor custody, with over 40% market share, and has recently pushed into wealth management with robo-advisory, direct indexing, and other managed-investment solutions.

Market cap 161.6B · 33,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcareFinancials

Time Series

Relative Performance

Green: LLYGray: SCHW36 of 1,254 points (sampled)

Who Moves First

LLY leads SCHW by 6 days

LLY tends to move before SCHW.

After testing 13 timing shifts, the strongest relationship was +0.332 (they moved in the same direction).

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

-0.218

15 periods · Return correlation when both series rose

Both Falling

+0.463

6 periods · Return correlation when both series fell

Diverging

-0.291

14 periods · Return correlation when series moved apart

R-Squared

10.9%

Share of variance in one series explained by the other.

Trend Agreement

53.4%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,254

Deep shared window — 1,254 usable pairs.

Significance

p < 0.001

95% CI: [0.280, 0.378]

Scatter

XY Regression

1142004006008001,0001,14244.95060708090100102.8Eli Lilly & Co.The Charles Schwab CorporationData pointsFit (r = 0.33)

Pipeline

Data quality details

Pipeline Summary

1,254 paired data points survived the daily window.

Raw input

1,254

1,254

Normalized

1,254

1,254

Prepared

1,254

1,254

Aligned

1,254

1,254

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

LLY logo

Eli Lilly & Co.

LLY

Market cap 828.2B · 50,000 employees

Stock · 1,254 raw → 1,254 prepared

Series B

SCHW logo

The Charles Schwab Corporation

SCHW

Market cap 161.6B · 33,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

9

Estimated crossover points between normalized spreads.

Slope

0.0158

Linear regression slope.

Intercept

66.1592

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 6 hours ago · ID: stock-lly-vs-stock-schw-daily