Schwab Target Correlations

SWYJX Fund

USD 19.02 0.08 0.42%

The current 90-days correlation between Schwab Target 2055 and Pace High Yield is -0.04 (i.e., Good 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

Good diversification

The correlation between Schwab Target 2055 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2055 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 2055. 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 inflation.

Moving together with Schwab Mutual Fund

1.0	VFFVX	Vanguard Target Reti	Pair Corr
0.95	FAJTX	American Funds 2055	Pair Corr
0.95	AAMTX	American Funds 2055	Pair Corr
0.94	CCJTX	American Funds 2055	Pair Corr
0.99	FTYPX	Fidelity Freedom Index	Pair Corr
0.99	TRJMX	T Rowe Price	Pair Corr
0.98	FDEEX	Fidelity Freedom 2055	Pair Corr
0.98	FCTKX	Fidelity Freedom 2055	Pair Corr
0.99	FDEWX	Fidelity Freedom Index	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VINIX	Vanguard Institutional	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.89	PGLSX	Global Multi Strategy	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.67	BA	Boeing	Pair Corr

Moving against Schwab Mutual Fund

0.64

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	PHDTX	MRHYX	ARTFX	ARCIX	PBHAX	SGYAX	ABTHX
PHDTX		0.91	0.94	0.63	0.88	0.94	0.82	PHDTX
MRHYX	0.91		0.91	0.6	0.81	0.91	0.72	MRHYX
ARTFX	0.94	0.91		0.63	0.84	0.99	0.74	ARTFX
ARCIX	0.63	0.6	0.63		0.74	0.59	0.48	ARCIX
PBHAX	0.88	0.81	0.84	0.74		0.82	0.89	PBHAX
SGYAX	0.94	0.91	0.99	0.59	0.82		0.73	SGYAX
ABTHX	0.82	0.72	0.74	0.48	0.89	0.73		ABTHX
	PHDTX	MRHYX	ARTFX	ARCIX	PBHAX	SGYAX	ABTHX

Click cells to compare fundamentals

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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
PHDTX	0.12	0.00	0.27	(0.02)	0.13	(0.15)	0.22	(0.23)	0.79
MRHYX	0.12	0.00	0.28	(0.07)	0.14	(0.17)	0.24	(0.24)	0.95
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
ARCIX	0.52	0.15	0.25	3.29	0.49	(0.59)	1.21	(1.02)	4.94
PBHAX	0.15	0.03	0.39	0.63	0.00	(0.31)	0.41	(0.21)	1.26
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
ABTHX	0.23	0.02	0.21	0.83	0.23	(0.31)	0.49	(0.49)	1.64

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