We consider the random Schrödinger equation as it arises in the paraxial regime for wave propagation in random media. In the white noise limit it becomes the Itô–Schrödinger stochastic partial differential equation which we analyze here in the high frequency regime. We also consider the large lateral diversity limit where the typical width of the propagating beam is large compared to the correlation length of the random medium. We use the Wigner transform of the wave field and show that it becomes deterministic in the large diversity limit when integrated against test functions. This is the self-averaging property of the Wigner transform. It follows easily when the support of the test functions is of the order of the beam width. We also show with a more detailed analysis that the limit is deterministic when the support of the test functions tends to zero but is large compared to the correlation length.