Schwab International Correlations

Mutual Funds . USA . 
Fund . Schwab International Index
SWISX Fund  USD 22.46  1.56  6.49%   
The current 90-days correlation between Schwab International and Schwab Small Cap Index is 0.72 (i.e., Poor diversification). The correlation of Schwab International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Schwab International Correlation With Market

Poor diversification

The correlation between Schwab International Index and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab International Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Schwab International Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Schwab Mutual Fund

  0.65SWBRX Schwab Target 2010PairCorr
  0.71SWCGX Schwab MarkettrackPairCorr
  0.72SWAGX Schwab Aggregate BondPairCorr
  0.69SWASX Schwab Global RealPairCorr
  0.89SWHFX Schwab Health CarePairCorr
  0.91SWKRX Schwab Monthly IncomePairCorr
  0.91SWJRX Schwab Monthly IncomePairCorr
  0.96SWMIX Laudus InternationalPairCorr
  0.88SWLRX Schwab Monthly IncomePairCorr
  0.81SWRSX Schwab Treasury InflationPairCorr
  0.69SWSBX Schwab Short TermPairCorr
  0.96SFENX Schwab FundamentalPairCorr

Moving against Schwab Mutual Fund

  0.42LGILX Laudus Large CapPairCorr
  0.4SWLGX Schwab Large CapPairCorr
  0.38SWLSX Schwab Large CapPairCorr
  0.31SWANX Schwab E EquityPairCorr
  0.49SWSCX Schwab Small CapPairCorr
  0.46SWSSX Schwab Small CapPairCorr
  0.44SFSNX Schwab Fundamental SmallPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SWPPX
+ 1.0
SWTSX
SNXFX
+ 1.0
SWTSX
SNXFX
+ 1.0
SWPPX
SWTSX
+ 0.96
SWSSX
SNXFX
+ 0.96
SWSSX
SWPPX
+ 0.95
SWSSX
  
High negative correlations   
SWAGX
- 0.82
SWSSX
SWAGX
- 0.69
SWTSX
SNXFX
- 0.66
SWAGX
SWPPX
- 0.65
SWAGX

Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Schwab International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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