Schwab Fundamental Correlations

SFENX Fund

USD 9.82 0.01 0.10%

The current 90-days correlation between Schwab Fundamental and Federated Municipal Ultrashort is -0.17 (i.e., Good diversification). The correlation of Schwab Fundamental 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 Fundamental Correlation With Market

Weak diversification

The correlation between Schwab Fundamental Emerging and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Fundamental Emerging 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 Fundamental Emerging. 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 board of governors.

Moving together with Schwab Mutual Fund

0.83	SWAGX	Schwab Aggregate Bond	Pair Corr
0.67	SWASX	Schwab Global Real	Pair Corr
0.94	SWISX	Schwab International	Pair Corr
0.76	SWHFX	Schwab Health Care	Pair Corr
0.91	SWKRX	Schwab Monthly Income	Pair Corr
0.91	SWJRX	Schwab Monthly Income	Pair Corr
0.95	SWMIX	Laudus International	Pair Corr
0.9	SWLRX	Schwab Monthly Income	Pair Corr
0.85	SWRSX	Schwab Treasury Inflation	Pair Corr
0.81	SWSBX	Schwab Short Term	Pair Corr

Moving against Schwab Mutual Fund

0.57	LGILX	Laudus Large Cap	Pair Corr
0.45	SWANX	Schwab E Equity	Pair Corr
0.55	SWLGX	Schwab Large Cap	Pair Corr
0.52	SWLSX	Schwab Large Cap	Pair Corr
0.35	SWMCX	Schwab Mid Cap	Pair Corr
0.32	SWOBX	Schwab Balanced	Pair Corr
0.61	SWSSX	Schwab Small Cap	Pair Corr
0.59	SWSCX	Schwab Small Cap	Pair Corr
0.4	SWTSX	Schwab Total Stock	Pair Corr
0.34	SWPPX	Schwab Sp 500	Pair Corr

Related Correlations Analysis

	FMUUX	SNCAX	BBINX	LTXFX	PATFX	RGVAX
FMUUX		0.77	0.89	0.91	0.75	0.89	FMUUX
SNCAX	0.77		0.91	0.95	0.98	0.81	SNCAX
BBINX	0.89	0.91		0.95	0.91	0.84	BBINX
LTXFX	0.91	0.95	0.95		0.95	0.89	LTXFX
PATFX	0.75	0.98	0.91	0.95		0.75	PATFX
RGVAX	0.89	0.81	0.84	0.89	0.75		RGVAX
	FMUUX	SNCAX	BBINX	LTXFX	PATFX	RGVAX

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Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Fundamental 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 Fundamental'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
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
SNCAX	0.12	(0.01)	(0.06)	(0.49)	0.17	(0.15)	0.29	(0.29)	0.73
BBINX	0.13	(0.01)	(0.05)	0.34	0.18	(0.18)	0.29	(0.30)	0.78
LTXFX	0.10	0.00	(0.03)	(0.43)	0.12	(0.14)	0.26	(0.20)	0.65
PATFX	0.19	(0.02)	0.00	(0.87)	0.00	0.00	0.36	(0.45)	1.26
RGVAX	0.25	0.02	0.04	0.75	0.25	(0.31)	0.60	(0.50)	1.56

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