Schwab Treasury Correlations

SWRSX Fund

USD 10.22 0.01 0.1%

The current 90-days correlation between Schwab Treasury Inflation and Chartwell Short Duration is 0.54 (i.e., Very weak diversification). The correlation of Schwab Treasury 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 Treasury Correlation With Market

Average diversification

The correlation between Schwab Treasury Inflation and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Treasury Inflation 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 Treasury Inflation. 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 state.

Moving together with Schwab Mutual Fund

0.75	SWCAX	Schwab California Tax	Pair Corr
0.71	SWCGX	Schwab Markettrack	Pair Corr
0.94	SWAGX	Schwab Aggregate Bond	Pair Corr
0.92	SWASX	Schwab Global Real	Pair Corr
0.82	SWISX	Schwab International	Pair Corr
0.71	SWHFX	Schwab Health Care	Pair Corr
0.94	SWKRX	Schwab Monthly Income	Pair Corr
0.94	SWJRX	Schwab Monthly Income	Pair Corr
0.73	SWMIX	Laudus International	Pair Corr
0.97	SWLRX	Schwab Monthly Income	Pair Corr
0.76	SWNTX	Schwab Tax Free	Pair Corr
0.93	SWSBX	Schwab Short Term	Pair Corr

Moving against Schwab Mutual Fund

0.57	LGILX	Laudus Large Cap	Pair Corr
0.56	SWMCX	Schwab Mid Cap	Pair Corr
0.49	SWANX	Schwab E Equity	Pair Corr
0.42	SWDSX	Schwab Dividend Equity	Pair Corr
0.57	SWLGX	Schwab Large Cap	Pair Corr
0.56	SWTSX	Schwab Total Stock	Pair Corr
0.54	SWSSX	Schwab Small Cap	Pair Corr
0.53	SWPPX	Schwab Sp 500	Pair Corr
0.52	SWLSX	Schwab Large Cap	Pair Corr
0.49	SWLVX	Schwab Large Cap	Pair Corr
0.46	SWSCX	Schwab Small Cap	Pair Corr

Related Correlations Analysis

	CWFIX	PBXIX	LTEBX	PBBIX	TSDUX	RSHMX	APDOX
CWFIX		0.87	0.18	0.85	0.79	0.33	0.93	CWFIX
PBXIX	0.87		-0.16	0.76	0.92	0.01	0.93	PBXIX
LTEBX	0.18	-0.16		0.21	-0.32	0.94	-0.01	LTEBX
PBBIX	0.85	0.76	0.21		0.74	0.33	0.81	PBBIX
TSDUX	0.79	0.92	-0.32	0.74		-0.17	0.89	TSDUX
RSHMX	0.33	0.01	0.94	0.33	-0.17		0.12	RSHMX
APDOX	0.93	0.93	-0.01	0.81	0.89	0.12		APDOX
	CWFIX	PBXIX	LTEBX	PBBIX	TSDUX	RSHMX	APDOX

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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

RSHMX	+ 0.94	LTEBX
APDOX	+ 0.93	CWFIX
APDOX	+ 0.93	PBXIX
TSDUX	+ 0.92	PBXIX
APDOX	+ 0.89	TSDUX
PBXIX	+ 0.87	CWFIX

High negative correlations

TSDUX	- 0.32	LTEBX
RSHMX	- 0.17	TSDUX
LTEBX	- 0.16	PBXIX
APDOX	- 0.01	LTEBX

Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Treasury 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 Treasury'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
CWFIX	0.07	0.00	(0.88)	0.19	0.00	(0.12)	0.11	(0.11)	0.42
PBXIX	0.32	0.04	(0.06)	0.22	0.00	(0.42)	0.87	(0.55)	1.94
LTEBX	0.09	0.00	(0.51)	0.10	0.12	(0.13)	0.20	(0.19)	0.78
PBBIX	0.12	0.01	(0.64)	0.23	0.00	(0.19)	0.29	(0.20)	0.98
TSDUX	0.04	0.01	0.00	1.16	0.00	0.00	0.10	0.00	0.10
RSHMX	0.24	0.02	(0.23)	(0.06)	0.37	(0.27)	0.42	(0.52)	1.98
APDOX	0.14	0.03	(0.54)	0.48	0.00	(0.21)	0.39	(0.19)	0.78

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