Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2010
SWYAX Fund  USD 12.50  0.05  0.40%   
The current 90-days correlation between Schwab Target 2010 and Schwab Target 2015 is 0.99 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Schwab Target 2010 and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2010 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 Target 2010. 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 nation.

Moving together with Schwab Mutual Fund

  0.86LGILX Laudus Large CapPairCorr
  0.73SWBRX Schwab Target 2010PairCorr
  0.75SWCAX Schwab California TaxPairCorr
  0.61SWCGX Schwab MarkettrackPairCorr
  0.79SWANX Schwab E EquityPairCorr
  0.87SWAGX Schwab Aggregate BondPairCorr
  0.64SWASX Schwab Global RealPairCorr
  0.62SWBGX Schwab MarkettrackPairCorr
  0.87SWDRX Schwab Target 2030PairCorr
  0.85SWDSX Schwab Dividend EquityPairCorr
  0.8SWEGX Schwab Markettrack AllPairCorr
  0.71SWCRX Schwab Target 2020PairCorr
  0.68SWGRX Schwab Target 2015PairCorr
  0.84SWERX Schwab Target 2040PairCorr
  0.8SWHYX Schwab OpportunisticPairCorr
  0.89SWIRX Schwab Target 2035PairCorr
  0.68SWHGX Schwab Markettrack GrowthPairCorr
  0.7SWHRX Schwab Target 2025PairCorr
  0.8SWKRX Schwab Monthly IncomePairCorr
  0.79SWJRX Schwab Monthly IncomePairCorr
  0.87SWMCX Schwab Mid CapPairCorr
  0.71SWMIX Laudus InternationalPairCorr
  0.98SWMRX Schwab Target 2045PairCorr
  0.84SWLRX Schwab Monthly IncomePairCorr
  0.8SWLVX Schwab Large CapPairCorr
  0.9SWOBX Schwab BalancedPairCorr
  0.97SWORX Schwab Target 2055PairCorr
  0.9SWNRX Schwab Target 2050PairCorr
  0.79SWNTX Schwab Tax FreePairCorr
  0.97SWQRX Schwab Target 2065PairCorr
  0.97SWPRX Schwab Target 2060PairCorr
  0.69SWPPX Schwab Sp 500PairCorr
  0.84SWSSX Schwab Small CapPairCorr
  0.86SWRSX Schwab Treasury InflationPairCorr
  0.7SWSCX Schwab Small CapPairCorr

Related Correlations Analysis

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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.

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