Schwab Aggregate Correlations
SWAGX Fund | USD 8.86 0.01 0.11% |
The current 90-days correlation between Schwab Aggregate Bond and Schwab International Index is 0.29 (i.e., Modest diversification). The correlation of Schwab Aggregate 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 Aggregate Correlation With Market
Modest diversification
The correlation between Schwab Aggregate Bond and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Aggregate Bond and DJI in the same portfolio, assuming nothing else is changed.
Schwab |
Moving together with Schwab Mutual Fund
0.72 | SWBRX | Schwab Target 2010 | PairCorr |
0.72 | SWCAX | Schwab California Tax | PairCorr |
0.72 | SWCGX | Schwab Markettrack | PairCorr |
0.61 | SWASX | Schwab Global Real | PairCorr |
0.66 | SWBGX | Schwab Markettrack | PairCorr |
0.65 | SWDRX | Schwab Target 2030 | PairCorr |
0.62 | SWDSX | Schwab Dividend Equity | PairCorr |
0.61 | SWEGX | Schwab Markettrack All | PairCorr |
0.69 | SWCRX | Schwab Target 2020 | PairCorr |
0.7 | SWGRX | Schwab Target 2015 | PairCorr |
0.62 | SWERX | Schwab Target 2040 | PairCorr |
0.63 | SWIRX | Schwab Target 2035 | PairCorr |
0.62 | SWHGX | Schwab Markettrack Growth | PairCorr |
0.69 | SWHRX | Schwab Target 2025 | PairCorr |
0.74 | SWKRX | Schwab Monthly Income | PairCorr |
0.73 | SWJRX | Schwab Monthly Income | PairCorr |
0.62 | SWMRX | Schwab Target 2045 | PairCorr |
0.8 | SWLRX | Schwab Monthly Income | PairCorr |
0.62 | SWLVX | Schwab Large Cap | PairCorr |
0.63 | SWOBX | Schwab Balanced | PairCorr |
0.61 | SWORX | Schwab Target 2055 | PairCorr |
0.61 | SWNRX | Schwab Target 2050 | PairCorr |
0.71 | SWNTX | Schwab Tax Free | PairCorr |
0.61 | SWQRX | Schwab Target 2065 | PairCorr |
0.61 | SWSSX | Schwab Small Cap | PairCorr |
0.91 | SWRSX | Schwab Treasury Inflation | PairCorr |
0.94 | SWSBX | Schwab Short Term | PairCorr |
Related Correlations Analysis
0.95 | 0.72 | 0.93 | 0.58 | SWISX | ||
0.95 | 0.74 | 0.99 | 0.63 | SWTSX | ||
0.72 | 0.74 | 0.74 | 0.89 | SWSBX | ||
0.93 | 0.99 | 0.74 | 0.65 | SWSSX | ||
0.58 | 0.63 | 0.89 | 0.65 | SWRSX | ||
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Risk-Adjusted Indicators
There is a big difference between Schwab Mutual Fund performing well and Schwab Aggregate 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 Aggregate'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SWISX | 0.56 | 0.12 | 0.05 | 0.44 | 0.48 | 1.25 | 3.30 | |||
SWTSX | 0.67 | 0.12 | 0.12 | 0.26 | 0.54 | 2.08 | 5.06 | |||
SWSBX | 0.13 | 0.01 | (0.68) | (1.60) | 0.00 | 0.21 | 0.94 | |||
SWSSX | 0.92 | 0.13 | 0.12 | 0.25 | 0.78 | 2.30 | 6.24 | |||
SWRSX | 0.22 | 0.02 | (0.32) | 1.65 | 0.24 | 0.39 | 1.37 |