Schwab Markettrack Correlations

SWHGX Fund  USD 25.35  0.02  0.08%   
The current 90-days correlation between Schwab Markettrack Growth and Alliancebernstein Global Highome is -0.11 (i.e., Good diversification). The correlation of Schwab Markettrack 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 Markettrack Correlation With Market

Very weak diversification

The correlation between Schwab Markettrack Growth and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Markettrack Growth 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 Markettrack Growth. 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

  0.9SWBRX Schwab Target 2010PairCorr
  0.97SWCGX Schwab MarkettrackPairCorr
  0.99SWBGX Schwab MarkettrackPairCorr
  0.93SWEGX Schwab Markettrack AllPairCorr
  0.98SWCRX Schwab Target 2020PairCorr
  0.97SWGRX Schwab Target 2015PairCorr
  0.75SWERX Schwab Target 2040PairCorr
  0.96SWHRX Schwab Target 2025PairCorr
  0.81SWOBX Schwab BalancedPairCorr

Moving against Schwab Mutual Fund

  0.47SWSBX Schwab Short TermPairCorr
  0.33SFNNX Schwab FundamentalPairCorr
  0.31SWRSX Schwab Treasury InflationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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