Themes Gold Total Risk Alpha

AUMI Etf   42.18  0.65  1.57%   
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Themes Gold Miners has current Total Risk Alpha of 0.2416. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.

Total Risk Alpha

 = 

RFR + (ER[b] - ER[a])

x

STD[a] / STD[b]

 = 
0.2416
ER[a] = Expected return on investing in Themes Gold
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Themes Gold
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Themes Gold Total Risk Alpha Peers Comparison

-0.21980.2416-0.0576-0.01120.287100%

Themes Total Risk Alpha Relative To Other Indicators

Themes Gold Miners is second largest ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  36.26  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Themes Gold Miners is roughly  36.26 
JavaScript chart by amCharts 3.21.15NUGTGDXWOODNRESCUTNANRAUMI 051015 -0.0500.050.100.150.200.250.300.35
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Themes Gold to Peers

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