Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2020
SWCRX Fund  USD 13.01  0.03  0.23%   
The current 90-days correlation between Schwab Target 2020 and Ab Bond Inflation is 0.21 (i.e., Modest diversification). 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 weak diversification

The correlation between Schwab Target 2020 and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2020 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 2020. 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 metropolitan statistical area.

Moving together with Schwab Mutual Fund

  0.78LGILX Laudus Large CapPairCorr
  0.99SWBRX Schwab Target 2010PairCorr
  0.89SWCGX Schwab MarkettrackPairCorr
  0.72SWANX Schwab E EquityPairCorr
  0.72SWASX Schwab Global RealPairCorr
  0.89SWBGX Schwab MarkettrackPairCorr
  0.91SWEGX Schwab Markettrack AllPairCorr
  1.0SWGRX Schwab Target 2015PairCorr
  0.84SWERX Schwab Target 2040PairCorr
  0.71SWHYX Schwab OpportunisticPairCorr
  0.75SWIRX Schwab Target 2035PairCorr
  0.63SWHFX Schwab Health CarePairCorr
  0.92SWHGX Schwab Markettrack GrowthPairCorr
  1.0SWHRX Schwab Target 2025PairCorr
  0.65SWMRX Schwab Target 2045PairCorr
  0.96SWOBX Schwab BalancedPairCorr
  0.72SWORX Schwab Target 2055PairCorr
  0.61SWNRX Schwab Target 2050PairCorr
  0.62SWQRX Schwab Target 2065PairCorr
  0.66SWPRX Schwab Target 2060PairCorr
  0.61SWSSX Schwab Small CapPairCorr
  0.78SWSCX Schwab Small CapPairCorr

Related Correlations Analysis

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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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