Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2020
SWCRX Fund  USD 13.35  0.09  0.68%   
The current 90-days correlation between Schwab Target 2020 and Profunds Large Cap Growth is -0.04 (i.e., Good diversification). 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

Almost no diversification

The correlation between Schwab Target 2020 and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2020 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 2020. 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 metropolitan statistical area.

Moving together with Schwab Mutual Fund

  0.94LGILX Laudus Large CapPairCorr
  1.0SWBRX Schwab Target 2010PairCorr
  1.0SWCGX Schwab MarkettrackPairCorr
  0.98SWANX Schwab E EquityPairCorr
  0.95SWASX Schwab Global RealPairCorr
  1.0SWBGX Schwab MarkettrackPairCorr
  1.0SWDRX Schwab Target 2030PairCorr
  0.97SWDSX Schwab Dividend EquityPairCorr
  0.99SWEGX Schwab Markettrack AllPairCorr
  1.0SWGRX Schwab Target 2015PairCorr
  0.99SWERX Schwab Target 2040PairCorr
  0.93SWISX Schwab InternationalPairCorr
  1.0SWIRX Schwab Target 2035PairCorr
  0.95SWHGX Schwab Markettrack GrowthPairCorr
  0.95SWHRX Schwab Target 2025PairCorr
  0.96SWKRX Schwab Monthly IncomePairCorr
  0.96SWJRX Schwab Monthly IncomePairCorr
  0.93SWMCX Schwab Mid CapPairCorr
  0.96SWMIX Laudus InternationalPairCorr
  0.95SWMRX Schwab Target 2045PairCorr
  0.94SWLGX Schwab Large CapPairCorr
  0.93SWLRX Schwab Monthly IncomePairCorr
  0.97SWLSX Schwab Large CapPairCorr
  0.94SWLVX Schwab Large CapPairCorr
  0.95SWOBX Schwab BalancedPairCorr
  0.99SWORX Schwab Target 2055PairCorr
  0.95SWNRX Schwab Target 2050PairCorr
  0.99SWQRX Schwab Target 2065PairCorr
  0.95SWPRX Schwab Target 2060PairCorr
  0.94SWPPX Schwab Sp 500PairCorr
  0.96SWSSX Schwab Small CapPairCorr
  0.96SWSCX 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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