Schwab Target Correlations

SWYDX Fund

USD 14.56 0.01 0.07%

The current 90-days correlation between Schwab Target 2025 and Schwab Target 2030 is 0.98 (i.e., Almost no 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

Significant diversification

The correlation between Schwab Target 2025 and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2025 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 2025. 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 unemployment.

Moving together with Schwab Mutual Fund

0.64	VTTVX	Vanguard Target Reti	Pair Corr
0.92	AADTX	American Funds 2025	Pair Corr
0.92	CCDTX	American Funds 2025	Pair Corr
0.92	FAPTX	American Funds 2025	Pair Corr
0.98	FSNPX	Fidelity Freedom 2025	Pair Corr
0.98	FFTWX	Fidelity Freedom 2025	Pair Corr
0.98	FDTKX	Fidelity Freedom 2025	Pair Corr
0.98	TREHX	T Rowe Price	Pair Corr
0.98	PARJX	T Rowe Price	Pair Corr
0.68	WMT	Walmart	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.8	GE	GE Aerospace	Pair Corr

Moving against Schwab Mutual Fund

0.71

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	SWYEX	SWYLX	SWYFX	SWYHX	SWYGX
SWYEX		0.93	0.99	0.97	0.98	SWYEX
SWYLX	0.93		0.91	0.87	0.89	SWYLX
SWYFX	0.99	0.91		0.99	1.0	SWYFX
SWYHX	0.97	0.87	0.99		1.0	SWYHX
SWYGX	0.98	0.89	1.0	1.0		SWYGX
	SWYEX	SWYLX	SWYFX	SWYHX	SWYGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWYEX	0.42	0.00	0.12	0.07	0.51	(0.47)	0.87	(0.75)	2.34
SWYLX	0.34	(0.01)	0.00	(0.36)	0.00	0.00	0.75	(0.75)	1.88
SWYFX	0.49	0.00	0.09	0.55	0.63	(0.51)	0.94	(0.87)	2.73
SWYHX	0.58	(0.01)	0.07	0.57	0.77	(0.57)	1.19	(1.10)	3.27
SWYGX	0.53	(0.01)	0.08	0.35	0.71	(0.53)	1.07	(1.00)	3.06

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