Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2010
SWYAX Fund  USD 13.27  0.11  0.84%   
The current 90-days correlation between Schwab Target 2010 and Schwab Target 2015 is 0.99 (i.e., No risk reduction). The correlation of Schwab Target 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 Target Correlation With Market

Very poor diversification

The correlation between Schwab Target 2010 and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2010 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 Target 2010. 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 nation.

Moving together with Schwab Mutual Fund

  0.75LGILX Laudus Large CapPairCorr
  0.77SWCAX Schwab California TaxPairCorr
  1.0SWCGX Schwab MarkettrackPairCorr
  0.97SWANX Schwab E EquityPairCorr
  0.85SWASX Schwab Global RealPairCorr
  0.99SWBGX Schwab MarkettrackPairCorr
  0.69SWDRX Schwab Target 2030PairCorr
  0.98SWEGX Schwab Markettrack AllPairCorr
  0.69SWGRX Schwab Target 2015PairCorr
  0.68SWERX Schwab Target 2040PairCorr
  0.98SWHGX Schwab Markettrack GrowthPairCorr
  0.64SWMCX Schwab Mid CapPairCorr
  0.93SWMIX Laudus InternationalPairCorr
  0.99SWMRX Schwab Target 2045PairCorr
  0.98SWLRX Schwab Monthly IncomePairCorr
  0.98SWLSX Schwab Large CapPairCorr
  0.94SWLVX Schwab Large CapPairCorr
  0.99SWOBX Schwab BalancedPairCorr
  0.98SWORX Schwab Target 2055PairCorr
  0.98SWNRX Schwab Target 2050PairCorr
  0.68SWQRX Schwab Target 2065PairCorr
  0.98SWPRX Schwab Target 2060PairCorr
  0.73SWPPX Schwab Sp 500PairCorr
  0.95SWSSX Schwab Small CapPairCorr
  0.64SWRSX Schwab Treasury InflationPairCorr
  0.68SWSBX Schwab Short TermPairCorr
  0.72SWTSX Schwab Total StockPairCorr
  0.71SFENX Schwab FundamentalPairCorr
  1.0SWYBX Schwab Target 2015PairCorr
  0.7SWYEX Schwab Target 2030PairCorr
  0.7SWYDX Schwab Target 2025PairCorr
  0.98SWYJX Schwab Target 2055PairCorr
  0.68SWYNX Schwab Target 2060PairCorr
  0.69SWYMX Schwab Target 2050PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Target 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 Target'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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