Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2010
SWYAX Fund  USD 12.52  0.06  0.48%   
The current 90-days correlation between Schwab Target 2010 and Schwab Target 2015 is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Schwab Target 2010 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2010 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 2010. 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 nation.

Moving together with Schwab Mutual Fund

  0.8SWASX Schwab Global RealPairCorr
  0.86SWDRX Schwab Target 2030PairCorr
  0.91SWDSX Schwab Dividend EquityPairCorr
  0.76SWERX Schwab Target 2040PairCorr
  0.74SWHYX Schwab OpportunisticPairCorr
  0.78SWIRX Schwab Target 2035PairCorr
  0.75SWHFX Schwab Health CarePairCorr
  0.73SWKRX Schwab Monthly IncomePairCorr
  0.69SWJRX Schwab Monthly IncomePairCorr
  0.71SWMIX Laudus InternationalPairCorr
  0.84SWMRX Schwab Target 2045PairCorr
  0.71SWLRX Schwab Monthly IncomePairCorr
  0.82SWLVX Schwab Large CapPairCorr
  0.74SWORX Schwab Target 2055PairCorr
  0.82SWNRX Schwab Target 2050PairCorr
  0.63SWNTX Schwab Tax FreePairCorr
  0.82SWQRX Schwab Target 2065PairCorr
  0.82SWPRX Schwab Target 2060PairCorr
  0.62SWRSX Schwab Treasury InflationPairCorr

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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