Schwab Strategic Correlations

SAEF Etf

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The current 90-days correlation between Schwab Strategic Trust and iShares Small Cap is 0.9 (i.e., Almost no diversification). The correlation of Schwab Strategic 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.

Schwab Strategic Correlation With Market

Very poor diversification

The correlation between Schwab Strategic Trust and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Strategic Trust 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 Strategic Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Schwab Etf

0.97	VO	Vanguard Mid Cap	Pair Corr
0.98	VXF	Vanguard Extended Market	Pair Corr
0.98	IJH	iShares Core SP	Pair Corr
0.98	IWR	iShares Russell Mid	Pair Corr
0.98	MDY	SPDR SP MIDCAP	Pair Corr
0.93	FV	First Trust Dorsey	Pair Corr
0.98	IVOO	Vanguard SP Mid	Pair Corr
0.98	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.98	XMMO	Invesco SP MidCap Potential Growth	Pair Corr
0.88	DSJA	DSJA	Pair Corr
0.86	RSPY	Tuttle Capital Management	Pair Corr
0.8	MEME	Roundhill Investments	Pair Corr
0.74	ITDD	iShares Trust	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.9	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.95	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.85	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Schwab Etf

0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	SVAL	QQMG	QQJG	LCTU	RSPE
SVAL		0.85	0.83	0.91	0.77	SVAL
QQMG	0.85		0.91	0.98	0.8	QQMG
QQJG	0.83	0.91		0.94	0.87	QQJG
LCTU	0.91	0.98	0.94		0.88	LCTU
RSPE	0.77	0.8	0.87	0.88		RSPE
	SVAL	QQMG	QQJG	LCTU	RSPE

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Schwab Strategic Constituents Risk-Adjusted Indicators

There is a big difference between Schwab Etf performing well and Schwab Strategic ETF 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 Strategic'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SVAL	1.03	0.02	0.10	0.11	0.83	(1.38)	2.47	(1.78)	11.42
QQMG	0.74	0.07	0.04	0.19	0.82	(0.72)	1.73	(1.58)	5.49
QQJG	0.75	0.07	0.06	0.18	0.71	(0.81)	1.82	(1.29)	4.01
LCTU	0.50	0.06	0.05	0.18	0.43	(0.54)	0.95	(0.94)	3.76
RSPE	0.52	0.06	(0.05)	0.55	0.41	(0.63)	1.15	(0.83)	2.96

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