Schwab Strategic Correlations
| STCE Etf | USD 49.67 2.54 4.86% |
The current 90-days correlation between Schwab Strategic Trust and Inpex Corp ADR is -0.09 (i.e., Good diversification). The correlation of Schwab Strategic 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 Strategic Correlation With Market
Poor diversification
The correlation between Schwab Strategic Trust 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 Strategic Trust and DJI in the same portfolio, assuming nothing else is changed.
Schwab |
Moving together with Schwab Etf
| 0.97 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.97 | BITO | ProShares Bitcoin Aggressive Push | PairCorr |
| 0.99 | BLOK | Amplify Transformational | PairCorr |
| 0.93 | BLCN | Siren Nasdaq NexGen | PairCorr |
| 1.0 | BITQ | Bitwise Crypto Industry Downward Rally | PairCorr |
| 0.95 | SPBC | Simplify Equity PLUS | PairCorr |
| 1.0 | DAPP | VanEck Digital Trans | PairCorr |
| 1.0 | CRPT | First Trust SkyBridge | PairCorr |
| 0.88 | VTI | Vanguard Total Stock | PairCorr |
| 0.87 | SPY | SPDR SP 500 | PairCorr |
| 0.86 | IVV | iShares Core SP | PairCorr |
| 0.74 | VTV | Vanguard Value Index | PairCorr |
| 0.91 | VUG | Vanguard Growth Index Sell-off Trend | PairCorr |
| 0.88 | VO | Vanguard Mid Cap | PairCorr |
| 0.9 | VB | Vanguard Small Cap | PairCorr |
| 0.8 | PPA | Invesco Aerospace Defense | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.94 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.88 | CSCO | Cisco Systems | PairCorr |
| 0.82 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Schwab Etf
| 0.81 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.71 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.9 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.9 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.83 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.0 | 0.49 | 0.31 | -0.52 | IPXHY | ||
| 0.0 | 0.64 | 0.2 | -0.2 | MSUMX | ||
| 0.49 | 0.64 | 0.35 | -0.61 | FSISX | ||
| 0.31 | 0.2 | 0.35 | 0.09 | DKILF | ||
| -0.52 | -0.2 | -0.61 | 0.09 | GWLIF | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Schwab Strategic Constituents Risk-Adjusted Indicators
There is a big difference between Schwab Etf performing well and Schwab Strategic 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 Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPXHY | 1.41 | (0.16) | 0.00 | 5.14 | 0.00 | 2.45 | 7.04 | |||
| MSUMX | 0.15 | (0.01) | (0.36) | (0.92) | 0.17 | 0.33 | 1.00 | |||
| FSISX | 0.60 | (0.11) | 0.00 | (0.18) | 0.00 | 1.70 | 4.06 | |||
| DKILF | 3.42 | (0.02) | (0.02) | (0.05) | 4.34 | 7.12 | 17.60 | |||
| GWLIF | 0.68 | 0.14 | 0.05 | (2.18) | 0.72 | 1.44 | 4.92 |