Negativity as a distance from a separable state

The computable measure of the mixed-state entanglement, the negativity, is shown to admit a clear geometrical interpretation, when applied to Schmidt-correlated (SC) states: the negativity of a SC state equals a distance of the state from a pertinent separable state. As a consequence, a SC state is separable if and only if its negativity vanishes. Another remarkable consequence is that the negativity of a SC can be estimated "at a glance" on the density matrix. These results are generalized to mixtures of SC states, which emerge in certain quantum-dynamical settings.