Schwab Government Correlations

SWGXX Fund

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The current 90-days correlation between Schwab Government Money and Ft 9331 Corporate is -0.07 (i.e., Good diversification). The correlation of Schwab Government 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 Government Correlation With Market

Good diversification

The correlation between Schwab Government Money and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Government Money 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 Government Money. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Schwab Money Market Fund

0.69	CVX	Chevron Corp	Pair Corr
0.65	GE	GE Aerospace	Pair Corr

Moving against Schwab Money Market Fund

0.52	MSFT	Microsoft Aggressive Push	Pair Corr
0.38	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	FLQTVX	ABNTX	SGYAX	UIITX	MSTBX	FMUUX	ARTFX
FLQTVX		0.98	0.82	0.98	0.95	0.89	0.8	FLQTVX
ABNTX	0.98		0.85	0.97	0.97	0.95	0.84	ABNTX
SGYAX	0.82	0.85		0.78	0.78	0.86	0.94	SGYAX
UIITX	0.98	0.97	0.78		0.95	0.9	0.77	UIITX
MSTBX	0.95	0.97	0.78	0.95		0.94	0.78	MSTBX
FMUUX	0.89	0.95	0.86	0.9	0.94		0.89	FMUUX
ARTFX	0.8	0.84	0.94	0.77	0.78	0.89		ARTFX
	FLQTVX	ABNTX	SGYAX	UIITX	MSTBX	FMUUX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between Schwab Money Market Fund performing well and Schwab Government Money Market 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 Government'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
FLQTVX	0.12	0.00	0.27	0.25	0.08	(0.13)	0.24	(0.22)	0.77
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
UIITX	0.23	0.01	0.16	0.51	0.21	(0.29)	0.55	(0.43)	1.45
MSTBX	0.11	0.02	0.32	(0.74)	0.00	(0.15)	0.21	(0.21)	0.62
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89

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