Schwab Large Correlations

SWLSX Fund

USD 43.55 0.02 0.05%

The current 90-days correlation between Schwab Large Cap and Columbia Global Dividend is 0.69 (i.e., Poor diversification). The correlation of Schwab Large 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 Large Correlation With Market

Poor diversification

The correlation between Schwab Large Cap Growth and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Large Cap Growth 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 Large Cap Growth. 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

0.87	VIGAX	Vanguard Growth Index	Pair Corr
0.77	AGTHX	Growth Fund	Pair Corr
0.75	GFACX	Growth Fund	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr
0.78	FAFGX	American Funds	Pair Corr
0.78	FFAFX	American Funds	Pair Corr
0.78	CGFFX	Growth Fund	Pair Corr
0.75	CGFCX	Growth Fund	Pair Corr
0.77	CGFAX	Growth Fund	Pair Corr
0.76	CGFEX	Growth Fund	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.68	CRF	Cornerstone Total Return	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.63	INTC	Intel	Pair Corr

Moving against Schwab Mutual Fund

0.59	VZ	Verizon Communications	Pair Corr
0.34	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CSVFX	CLSYX	MXYKX	CMCAX	PSLDX	TCVIX	NCGFX	BIAGX	GTSOX	BAGAX
CSVFX		1.0	0.58	0.56	0.81	0.59	0.86	0.11	0.74	0.1	CSVFX
CLSYX	1.0		0.57	0.57	0.81	0.59	0.86	0.1	0.74	0.1	CLSYX
MXYKX	0.58	0.57		0.2	0.54	0.71	0.6	0.66	0.2	0.66	MXYKX
CMCAX	0.56	0.57	0.2		0.47	0.53	0.67	-0.1	0.66	-0.1	CMCAX
PSLDX	0.81	0.81	0.54	0.47		0.41	0.89	0.24	0.67	0.23	PSLDX
TCVIX	0.59	0.59	0.71	0.53	0.41		0.65	0.06	0.6	0.06	TCVIX
NCGFX	0.86	0.86	0.6	0.67	0.89	0.65		0.2	0.77	0.2	NCGFX
BIAGX	0.11	0.1	0.66	-0.1	0.24	0.06	0.2		-0.43	1.0	BIAGX
GTSOX	0.74	0.74	0.2	0.66	0.67	0.6	0.77	-0.43		-0.44	GTSOX
BAGAX	0.1	0.1	0.66	-0.1	0.23	0.06	0.2	1.0	-0.44		BAGAX
	CSVFX	CLSYX	MXYKX	CMCAX	PSLDX	TCVIX	NCGFX	BIAGX	GTSOX	BAGAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CLSYX	+ 1.0	CSVFX
BAGAX	+ 1.0	BIAGX
NCGFX	+ 0.89	PSLDX
NCGFX	+ 0.86	CSVFX
NCGFX	+ 0.86	CLSYX
PSLDX	+ 0.81	CSVFX

High negative correlations

BAGAX	- 0.44	GTSOX
GTSOX	- 0.43	BIAGX
BAGAX	- 0.1	CMCAX
BIAGX	- 0.1	CMCAX

Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Large 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 Large'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
CSVFX	0.54	0.03	0.01	0.09	0.68	(0.53)	1.11	(1.12)	3.20
CLSYX	0.54	0.03	0.01	0.09	0.69	(0.55)	1.11	(1.13)	3.21
MXYKX	0.63	(0.04)	(0.05)	0.01	0.83	(0.65)	1.16	(1.49)	3.78
CMCAX	0.49	0.03	(0.03)	0.22	0.53	(0.54)	0.94	(0.85)	2.61
PSLDX	0.63	0.00	0.00	0.06	0.76	(0.67)	1.52	(1.52)	3.94
TCVIX	0.63	0.00	(0.01)	0.06	0.71	(0.69)	1.25	(1.10)	3.81
NCGFX	0.57	0.01	0.01	0.07	0.82	(0.57)	1.19	(1.22)	3.65
BIAGX	0.66	(0.10)	0.00	(0.05)	0.00	0.00	1.21	(1.54)	3.46
GTSOX	0.11	0.03	(0.09)	0.23	0.00	(0.15)	0.28	(0.21)	1.12
BAGAX	0.67	(0.10)	0.00	(0.04)	0.00	0.00	1.19	(1.54)	3.47

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