Schwab Fundamental Correlations

FNDC Etf

USD 35.22 0.01 0.03%

The current 90-days correlation between Schwab Fundamental and Avantis International Small is 0.97 (i.e., Almost no diversification). The correlation of Schwab Fundamental 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.

Schwab Fundamental Correlation With Market

Weak diversification

The correlation between Schwab Fundamental Internation and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Fundamental Internation and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Schwab Fundamental International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Schwab Etf

0.95	AVDV	Avantis International	Pair Corr
0.99	DLS	WisdomTree International	Pair Corr
1.0	PDN	Invesco FTSE RAFI	Pair Corr
0.96	DISV	Dimensional ETF Trust	Pair Corr
0.97	ISVL	iShares International	Pair Corr
0.99	DIM	WisdomTree International	Pair Corr
0.95	DDLS	WisdomTree Dynamic	Pair Corr
0.72	GVAL	Cambria Global Value	Pair Corr
0.79	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.62	VZ	Verizon Communications Aggressive Push	Pair Corr
0.69	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.74	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Schwab Etf

0.5	VUG	Vanguard Growth Index	Pair Corr
0.45	VO	Vanguard Mid Cap	Pair Corr
0.45	VB	Vanguard Small Cap	Pair Corr
0.44	VTI	Vanguard Total Stock	Pair Corr
0.42	SPY	SPDR SP 500	Pair Corr
0.42	IVV	iShares Core SP	Pair Corr
0.37	PPA	Invesco Aerospace Defense	Pair Corr
0.79	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.6	DIS	Walt Disney Aggressive Push	Pair Corr
0.58	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.57	CSCO	Cisco Systems	Pair Corr
0.56	WMT	Walmart Aggressive Push	Pair Corr
0.41	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	AVDV	PDN	GPGCX	DDLS	GVAL
AVDV		0.94	0.33	0.98	0.83	AVDV
PDN	0.94		0.04	0.95	0.69	PDN
GPGCX	0.33	0.04		0.29	0.55	GPGCX
DDLS	0.98	0.95	0.29		0.77	DDLS
GVAL	0.83	0.69	0.55	0.77		GVAL
	AVDV	PDN	GPGCX	DDLS	GVAL

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Schwab Fundamental Constituents Risk-Adjusted Indicators

There is a big difference between Schwab Etf performing well and Schwab Fundamental ETF 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 Fundamental'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
AVDV	0.68	(0.09)	0.00	(0.08)	0.00	0.00	1.91	(1.55)	4.37
PDN	0.68	(0.11)	0.00	(0.15)	0.00	0.00	1.72	(1.44)	4.35
GPGCX	0.59	(0.01)	(0.06)	0.06	0.73	(0.62)	1.28	(1.11)	3.72
DDLS	0.60	(0.09)	0.00	(0.06)	0.00	0.00	1.40	(1.28)	3.84
GVAL	0.79	(0.06)	0.00	(0.11)	0.00	0.00	1.50	(1.67)	5.27

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