Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2015
SWYBX Fund  USD 13.35  0.04  0.30%   
The current 90-days correlation between Schwab Target 2015 and Schwab Target 2020 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 poor diversification

The correlation between Schwab Target 2015 and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2015 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 2015. 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 bureau of labor statistics.

Moving together with Schwab Mutual Fund

  0.98LGILX Laudus Large CapPairCorr
  1.0SWBRX Schwab Target 2010PairCorr
  0.83SWCAX Schwab California TaxPairCorr
  1.0SWCGX Schwab MarkettrackPairCorr
  0.99SWANX Schwab E EquityPairCorr
  0.7SWAGX Schwab Aggregate BondPairCorr
  0.94SWASX Schwab Global RealPairCorr
  1.0SWBGX Schwab MarkettrackPairCorr
  1.0SWDRX Schwab Target 2030PairCorr
  0.98SWDSX Schwab Dividend EquityPairCorr
  0.99SWEGX Schwab Markettrack AllPairCorr
  1.0SWCRX Schwab Target 2020PairCorr
  1.0SWGRX Schwab Target 2015PairCorr
  0.99SWERX Schwab Target 2040PairCorr
  0.95SWISX Schwab InternationalPairCorr
  1.0SWIRX Schwab Target 2035PairCorr
  0.99SWHGX Schwab Markettrack GrowthPairCorr
  1.0SWHRX Schwab Target 2025PairCorr
  0.98SWKRX Schwab Monthly IncomePairCorr
  0.98SWJRX Schwab Monthly IncomePairCorr
  0.98SWMCX Schwab Mid CapPairCorr
  0.98SWMIX Laudus InternationalPairCorr
  0.99SWMRX Schwab Target 2045PairCorr
  0.99SWLGX Schwab Large CapPairCorr
  0.98SWLRX Schwab Monthly IncomePairCorr
  0.99SWLSX Schwab Large CapPairCorr
  0.99SWLVX Schwab Large CapPairCorr
  0.99SWOBX Schwab BalancedPairCorr
  0.99SWORX Schwab Target 2055PairCorr
  0.99SWNRX Schwab Target 2050PairCorr
  0.82SWNTX Schwab Tax FreePairCorr
  0.99SWQRX Schwab Target 2065PairCorr
  0.99SWPRX Schwab Target 2060PairCorr
  0.99SWPPX Schwab Sp 500PairCorr
  0.98SWSSX Schwab Small CapPairCorr
  0.72SWRSX Schwab Treasury InflationPairCorr
  0.98SWSCX Schwab Small CapPairCorr
  0.82SWSBX 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 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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