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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Schwab Aggregate Bond. 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 price.

Moving together with Schwab Mutual Fund

  0.72SWBRX Schwab Target 2010PairCorr
  0.72SWCAX Schwab California TaxPairCorr
  0.72SWCGX Schwab MarkettrackPairCorr
  0.61SWASX Schwab Global RealPairCorr
  0.66SWBGX Schwab MarkettrackPairCorr
  0.65SWDRX Schwab Target 2030PairCorr
  0.62SWDSX Schwab Dividend EquityPairCorr
  0.61SWEGX Schwab Markettrack AllPairCorr
  0.69SWCRX Schwab Target 2020PairCorr
  0.7SWGRX Schwab Target 2015PairCorr
  0.62SWERX Schwab Target 2040PairCorr
  0.63SWIRX Schwab Target 2035PairCorr
  0.62SWHGX Schwab Markettrack GrowthPairCorr
  0.69SWHRX Schwab Target 2025PairCorr
  0.74SWKRX Schwab Monthly IncomePairCorr
  0.73SWJRX Schwab Monthly IncomePairCorr
  0.62SWMRX Schwab Target 2045PairCorr
  0.8SWLRX Schwab Monthly IncomePairCorr
  0.62SWLVX Schwab Large CapPairCorr
  0.63SWOBX Schwab BalancedPairCorr
  0.61SWORX Schwab Target 2055PairCorr
  0.61SWNRX Schwab Target 2050PairCorr
  0.71SWNTX Schwab Tax FreePairCorr
  0.61SWQRX Schwab Target 2065PairCorr
  0.61SWSSX Schwab Small CapPairCorr
  0.91SWRSX Schwab Treasury InflationPairCorr
  0.94SWSBX Schwab Short TermPairCorr

Related Correlations Analysis

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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.