Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2040
SWYGX Fund  USD 17.65  0.02  0.11%   
The current 90-days correlation between Schwab Target 2040 and Schwab Target 2030 is 0.99 (i.e., No risk reduction). 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 2040 and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2040 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 2040. 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

  0.62SWANX Schwab E EquityPairCorr
  0.74SWASX Schwab Global RealPairCorr
  0.99SWDRX Schwab Target 2030PairCorr
  0.89SWDSX Schwab Dividend EquityPairCorr
  0.82SWERX Schwab Target 2040PairCorr
  0.93SWIRX Schwab Target 2035PairCorr
  0.96SWMRX Schwab Target 2045PairCorr
  0.61SWLSX Schwab Large CapPairCorr
  0.94SWORX Schwab Target 2055PairCorr
  0.94SWNRX Schwab Target 2050PairCorr
  0.96SWQRX Schwab Target 2065PairCorr
  0.77SWPPX Schwab Sp 500PairCorr
  0.74SWTSX Schwab Total StockPairCorr
  0.98SWYEX Schwab Target 2030PairCorr
  0.87SWYAX Schwab Target 2010PairCorr
  0.99SWYNX Schwab Target 2060PairCorr
  1.0SWYMX Schwab Target 2050PairCorr
  0.86SWYLX Schwab Target 2020PairCorr

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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