Schwab Total Correlations

SWTSX Fund

USD 95.35 0.04 0.04%

The current 90-days correlation between Schwab Total Stock and Fidelity Series Emerging is 0.62 (i.e., Poor diversification). The correlation of Schwab Total 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 Total Correlation With Market

Poor diversification

The correlation between Schwab Total Stock and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Total Stock 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 Total Stock. 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 state.

Moving together with Schwab Mutual Fund

0.92	LGILX	Laudus Large Cap	Pair Corr
0.9	SWANX	Schwab E Equity	Pair Corr
0.62	SWDRX	Schwab Target 2030	Pair Corr
0.63	SWEGX	Schwab Markettrack All	Pair Corr
0.76	SWERX	Schwab Target 2040	Pair Corr
0.75	SWIRX	Schwab Target 2035	Pair Corr
0.81	SWMRX	Schwab Target 2045	Pair Corr
0.96	SWLGX	Schwab Large Cap	Pair Corr
0.98	SWLSX	Schwab Large Cap	Pair Corr
0.83	SWORX	Schwab Target 2055	Pair Corr
0.82	SWNRX	Schwab Target 2050	Pair Corr
0.82	SWQRX	Schwab Target 2065	Pair Corr
1.0	SWPPX	Schwab Sp 500	Pair Corr
0.94	SWSSX	Schwab Small Cap	Pair Corr
0.81	SWSCX	Schwab Small Cap	Pair Corr
0.61	SWYEX	Schwab Target 2030	Pair Corr
0.79	SWYNX	Schwab Target 2060	Pair Corr
0.78	SWYMX	Schwab Target 2050	Pair Corr
0.74	SWYGX	Schwab Target 2040	Pair Corr
0.76	SWYHX	Schwab Target 2045	Pair Corr

Moving against Schwab Mutual Fund

0.54	SWAGX	Schwab Aggregate Bond	Pair Corr
0.39	SWISX	Schwab International	Pair Corr
0.35	SWKRX	Schwab Monthly Income	Pair Corr
0.47	SFNNX	Schwab Fundamental	Pair Corr
0.44	SWRSX	Schwab Treasury Inflation	Pair Corr
0.43	SFILX	Schwab Fundamental	Pair Corr
0.38	SFENX	Schwab Fundamental	Pair Corr

Related Correlations Analysis

	FHKFX	DBELX	SEDIX	RYACX	APDOX
FHKFX		0.92	0.82	0.33	0.73	FHKFX
DBELX	0.92		0.91	0.55	0.8	DBELX
SEDIX	0.82	0.91		0.48	0.92	SEDIX
RYACX	0.33	0.55	0.48		0.32	RYACX
APDOX	0.73	0.8	0.92	0.32		APDOX
	FHKFX	DBELX	SEDIX	RYACX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Total 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 Total'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
FHKFX	0.84	0.08	0.10	0.10	1.07	(0.88)	1.94	(1.91)	5.94
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
SEDIX	0.09	0.01	0.39	0.15	0.00	(0.16)	0.21	(0.21)	0.53
RYACX	1.08	0.09	0.18	(0.16)	1.06	(1.24)	2.78	(1.58)	6.30
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07

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