Schwab Aggregate Correlations

Mutual Funds . USA . 
Fund . Schwab Aggregate Bond
SWAGX Fund  USD 8.88  0.04  0.45%   
The current 90-days correlation between Schwab Aggregate Bond and Schwab International Index is 0.1 (i.e., Average diversification). The correlation of Schwab Aggregate 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 Aggregate Correlation With Market

Average diversification

The correlation between Schwab Aggregate Bond and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Aggregate Bond 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 Aggregate Bond. 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 price.

Moving together with Schwab Mutual Fund

  0.77SWCAX Schwab California TaxPairCorr
  0.62SWASX Schwab Global RealPairCorr
  0.88SWISX Schwab InternationalPairCorr
  0.78SWHFX Schwab Health CarePairCorr
  0.94SWKRX Schwab Monthly IncomePairCorr
  0.94SWJRX Schwab Monthly IncomePairCorr
  0.83SWMIX Laudus InternationalPairCorr
  0.96SWLRX Schwab Monthly IncomePairCorr
  0.78SWNTX Schwab Tax FreePairCorr
  0.97SWRSX Schwab Treasury InflationPairCorr
  0.95SWSBX Schwab Short TermPairCorr

Moving against Schwab Mutual Fund

  0.64LGILX Laudus Large CapPairCorr
  0.52SWANX Schwab E EquityPairCorr
  0.69SWLGX Schwab Large CapPairCorr
  0.66SWLSX Schwab Large CapPairCorr
  0.48SWMCX Schwab Mid CapPairCorr
  0.44SWOBX Schwab BalancedPairCorr
  0.71SWSSX Schwab Small CapPairCorr
  0.6SWSCX Schwab Small CapPairCorr
  0.54SWTSX Schwab Total StockPairCorr
  0.49SWPPX Schwab Sp 500PairCorr

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   
SWRSX
+ 0.96
SWSBX
SWSSX
+ 0.94
SWTSX
SWRSX
+ 0.93
SWISX
SWSBX
+ 0.9
SWISX
  
High negative correlations   
SWSSX
- 0.78
SWSBX
SWRSX
- 0.65
SWSSX
SWSBX
- 0.61
SWTSX
SWSSX
- 0.6
SWISX
SWRSX
- 0.44
SWTSX
SWTSX
- 0.39
SWISX

Risk-Adjusted Indicators

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