Schwab International Correlations
| SWISX Fund | USD 23.73 0.21 0.88% |
The current 90-days correlation between Schwab International and Schwab Small Cap Index is 0.41 (i.e., Very weak diversification). The correlation of Schwab International 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 International Correlation With Market
Modest diversification
The correlation between Schwab International Index and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab International Index and DJI in the same portfolio, assuming nothing else is changed.
Schwab |
Moving together with Schwab Mutual Fund
| 0.61 | SWAGX | Schwab Aggregate Bond | PairCorr |
| 0.66 | SWKRX | Schwab Monthly Income | PairCorr |
| 0.65 | SWJRX | Schwab Monthly Income | PairCorr |
| 0.97 | SWMIX | Laudus International | PairCorr |
| 0.66 | SWLRX | Schwab Monthly Income | PairCorr |
| 0.61 | SWQRX | Schwab Target 2065 | PairCorr |
| 0.78 | SWRSX | Schwab Treasury Inflation | PairCorr |
Related Correlations Analysis
| 0.7 | 0.69 | 0.64 | 0.68 | SWSSX | ||
| 0.7 | 0.37 | 0.99 | 0.99 | SWTSX | ||
| 0.69 | 0.37 | 0.34 | 0.36 | SWAGX | ||
| 0.64 | 0.99 | 0.34 | 1.0 | SWPPX | ||
| 0.68 | 0.99 | 0.36 | 1.0 | SNXFX | ||
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Risk-Adjusted Indicators
There is a big difference between Schwab Mutual Fund performing well and Schwab International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWSSX | 0.94 | 0.03 | (0.01) | 0.13 | 1.17 | 1.84 | 10.26 | |||
| SWTSX | 0.64 | 0.05 | 0.00 | 0.22 | 0.86 | 1.30 | 5.95 | |||
| SWAGX | 0.24 | (0.02) | 0.00 | (0.17) | 0.00 | 0.57 | 1.59 | |||
| SWPPX | 0.62 | 0.03 | (0.01) | 0.16 | 0.86 | 1.23 | 5.46 | |||
| SNXFX | 0.64 | 0.04 | 0.00 | 0.17 | 0.88 | 1.27 | 5.77 |