Schwab Small-cap Correlations

Mutual Funds . USA . 
Fund . Schwab Small Cap Equity
SWSCX Fund  USD 20.15  0.23  1.13%   
The current 90-days correlation between Schwab Small Cap and Small Pany Growth is -0.08 (i.e., Good diversification). The correlation of Schwab Small-cap 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 Small-cap Correlation With Market

Very weak diversification

The correlation between Schwab Small Cap Equity and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Small Cap Equity 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 Small Cap Equity. 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 main economic indicators.

Moving together with Schwab Mutual Fund

  0.87LGILX Laudus Large CapPairCorr
  0.76SWBRX Schwab Target 2010PairCorr
  0.75SWCGX Schwab MarkettrackPairCorr
  0.96SWANX Schwab E EquityPairCorr
  0.74SWAGX Schwab Aggregate BondPairCorr
  0.89SWASX Schwab Global RealPairCorr
  0.75SWBGX Schwab MarkettrackPairCorr
  0.81SWDSX Schwab Dividend EquityPairCorr
  0.83SWEGX Schwab Markettrack AllPairCorr
  0.8SWCRX Schwab Target 2020PairCorr
  0.76SWGRX Schwab Target 2015PairCorr
  0.75SWERX Schwab Target 2040PairCorr
  0.68SWHYX Schwab OpportunisticPairCorr
  0.7SWIRX Schwab Target 2035PairCorr
  0.89SWHFX Schwab Health CarePairCorr
  0.8SWHGX Schwab Markettrack GrowthPairCorr
  0.76SWHRX Schwab Target 2025PairCorr
  0.88SWKRX Schwab Monthly IncomePairCorr
  0.88SWJRX Schwab Monthly IncomePairCorr
  0.77SWMCX Schwab Mid CapPairCorr
  0.72SWMRX Schwab Target 2045PairCorr
  0.85SWLRX Schwab Monthly IncomePairCorr
  0.8SWLVX Schwab Large CapPairCorr
  0.73SWOBX Schwab BalancedPairCorr
  0.75SWORX Schwab Target 2055PairCorr
  0.66SWNRX Schwab Target 2050PairCorr
  0.62SWNTX Schwab Tax FreePairCorr
  0.71SWQRX Schwab Target 2065PairCorr
  0.73SWPRX Schwab Target 2060PairCorr
  0.8SWSSX Schwab Small CapPairCorr
  0.75SWRSX Schwab Treasury InflationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Small-cap 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 Small-cap'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.

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