Schwab Target Correlations
| SWHRX Fund | USD 14.63 0.05 0.34% |
The current 90-days correlation between Schwab Target 2025 and Schwab Target 2020 is 0.13 (i.e., Average 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 0.03 (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.
Schwab |
Moving together with Schwab Mutual Fund
| 0.79 | LGILX | Laudus Large Cap | PairCorr |
| 1.0 | SWBRX | Schwab Target 2010 | PairCorr |
| 0.99 | SWCGX | Schwab Markettrack | PairCorr |
| 0.8 | SWANX | Schwab E Equity | PairCorr |
| 0.7 | SWAGX | Schwab Aggregate Bond | PairCorr |
| 0.75 | SWASX | Schwab Global Real | PairCorr |
| 0.99 | SWBGX | Schwab Markettrack | PairCorr |
| 0.94 | SWEGX | Schwab Markettrack All | PairCorr |
| 0.96 | SWCRX | Schwab Target 2020 | PairCorr |
| 1.0 | SWGRX | Schwab Target 2015 | PairCorr |
| 0.95 | SWERX | Schwab Target 2040 | PairCorr |
| 0.67 | SWHYX | Schwab Opportunistic | PairCorr |
| 0.87 | SWIRX | Schwab Target 2035 | PairCorr |
| 0.68 | SWHFX | Schwab Health Care | PairCorr |
| 0.95 | SWHGX | Schwab Markettrack Growth | PairCorr |
| 0.77 | SWKRX | Schwab Monthly Income | PairCorr |
| 0.77 | SWJRX | Schwab Monthly Income | PairCorr |
| 0.71 | SWMRX | Schwab Target 2045 | PairCorr |
| 0.77 | SWLRX | Schwab Monthly Income | PairCorr |
| 0.88 | SWOBX | Schwab Balanced | PairCorr |
| 0.76 | SWORX | Schwab Target 2055 | PairCorr |
| 0.82 | SWNRX | Schwab Target 2050 | PairCorr |
| 0.69 | SWQRX | Schwab Target 2065 | PairCorr |
| 0.72 | SWPRX | Schwab Target 2060 | PairCorr |
| 0.61 | SWRSX | Schwab Treasury Inflation | PairCorr |
| 0.76 | SWSCX | Schwab Small Cap | PairCorr |
Related Correlations Analysis
| 0.47 | 0.8 | 0.96 | 0.89 | SWCRX | ||
| 0.47 | 0.89 | 0.51 | 0.78 | SWDRX | ||
| 0.8 | 0.89 | 0.85 | 0.98 | SWIRX | ||
| 0.96 | 0.51 | 0.85 | 0.94 | SWGRX | ||
| 0.89 | 0.78 | 0.98 | 0.94 | SWERX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWCRX | 0.38 | (0.09) | 0.00 | (0.21) | 0.00 | 0.62 | 6.24 | |||
| SWDRX | 0.36 | 0.02 | (0.07) | 1.94 | 0.53 | 0.74 | 2.82 | |||
| SWIRX | 0.43 | 0.00 | (0.08) | 0.14 | 0.74 | 0.87 | 3.18 | |||
| SWGRX | 0.35 | (0.06) | 0.00 | (2.07) | 0.00 | 0.65 | 5.42 | |||
| SWERX | 0.49 | (0.01) | (0.08) | (0.31) | 0.94 | 0.98 | 4.46 |