Schwab International Correlations

SCHF Etf

USD 19.63 0.02 0.10%

The current 90-days correlation between Schwab International and iShares Core SP is 0.01 (i.e., Significant 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.

Schwab International Correlation With Market

Very weak diversification

The correlation between Schwab International Equity and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab International Equity 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 Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Schwab Etf

1.0	VEA	Vanguard FTSE Developed	Pair Corr
1.0	IEFA	iShares Core MSCI Low Volatility	Pair Corr
0.92	VEU	Vanguard FTSE All	Pair Corr
1.0	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.92	IXUS	iShares Core MSCI	Pair Corr
1.0	SPDW	SPDR SP World	Pair Corr
1.0	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
0.92	JIRE	JP Morgan Exchange	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.69	IRET	Tidal Trust II	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.8	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Schwab Etf

0.72	ARKW	ARK Next Generation	Pair Corr
0.7	IAUF	IShares	Pair Corr
0.67	WTMF	WisdomTree Managed	Pair Corr
0.47	BST	BlackRock Science Tech	Pair Corr
0.34	EWC	iShares MSCI Canada	Pair Corr
0.79	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	DIS	Walt Disney Aggressive Push	Pair Corr
0.67	WMT	Walmart Aggressive Push	Pair Corr
0.66	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.66	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.54	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.49	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	ITOT	ISTB	IEFA	IEMG	IJH
ITOT		-0.57	-0.5	0.05	0.87	ITOT
ISTB	-0.57		0.71	0.15	-0.46	ISTB
IEFA	-0.5	0.71		0.53	-0.58	IEFA
IEMG	0.05	0.15	0.53		0.05	IEMG
IJH	0.87	-0.46	-0.58	0.05		IJH
	ITOT	ISTB	IEFA	IEMG	IJH

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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

IJH	+ 0.87	ITOT
IEFA	+ 0.71	ISTB
IEMG	+ 0.53	IEFA
IEMG	+ 0.15	ISTB
IEMG	+ 0.05	ITOT
IJH	+ 0.05	IEMG

High negative correlations

IJH	- 0.58	IEFA
ISTB	- 0.57	ITOT
IEFA	- 0.5	ITOT
IJH	- 0.46	ISTB

Schwab International Constituents Risk-Adjusted Indicators

There is a big difference between Schwab Etf performing well and Schwab International 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ITOT	0.53	0.15	0.06	2.39	0.50	(0.60)	1.09	(0.93)	4.05
ISTB	0.11	(0.01)	(0.77)	2.27	0.14	(0.12)	0.19	(0.27)	0.66
IEFA	0.65	(0.12)	0.00	(0.16)	0.00	0.00	1.47	(1.46)	4.09
IEMG	0.78	(0.04)	(0.11)	0.00	1.03	(0.81)	2.04	(1.84)	5.87
IJH	0.71	0.00	0.03	0.12	0.64	(0.75)	1.69	(1.17)	5.20

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