Correlation Analysis
The Charles Schwab Corporation vs Walmart Inc. Common Stock
SCHW vs WMT
+0.635
Moderate positive
When one moves up, the other tends to follow.
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
Walmart Inc. Common Stock
↗WMT
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Market cap 1T
Time Series
Relative Performance
Who Moves First
in sync
SCHW and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.635 (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
+0.182
15 periods · Return correlation when both series rose
Both Falling
+0.284
5 periods · Return correlation when both series fell
Diverging
-0.309
15 periods · Return correlation when series moved apart
R-Squared
40.3%
Share of variance in one series explained by the other.
Trend Agreement
56.5%
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: [0.601, 0.667]
Scatter
XY Regression
Pipeline
Data quality details
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
The Charles Schwab Corporation
SCHW
Market cap 161.6B · 33,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Walmart Inc. Common Stock
WMT
Market cap 1T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
1.2041
Linear regression slope.
Intercept
-23.7823
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
SCHW
The Charles Schwab Corporation
Highest
+0.684
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.167
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-schw-vs-stock-wmt-daily