Breakwave Dry Market Risk Adjusted Performance
| BDRY ETF | | | USD 12.11 0.01 0.08% |
Market Risk-Adjusted Performance (MRAP) measures return relative to systematic risk (beta) rather than total risk (standard deviation). This isolates the return earned per unit of market exposure, filtering out idiosyncratic volatility that can be diversified away. Below is Breakwave Dry's current Market Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Market Risk Adjusted Performance Value
Breakwave Dry registers a Market Risk Adjusted Performance of 0.5892, reflecting favorable risk-adjusted return. Breakwave Dry has delivered meaningful return relative to the total risk incurred.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.5892 | |
| ER[a] | = | Expected return on investing in Breakwave Dry |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Relative to peers, Breakwave Dry's Market Risk Adjusted Performance is above the group average of 0.14. Peer readings range from -0.0273 (WisdomTree International Multifactor) to 0.66 (iShares MSCI Norway), reflecting wide dispersion across the sector. Breakwave Dry's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Market Risk Adjusted Performance Relative To Other Indicators
The chart below plots Market Risk Adjusted Performance against Maximum Drawdown for Breakwave Dry and its peers. Each point represents one equity — position along the horizontal axis shows Market Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Breakwave Dry's Maximum Drawdown of
12.02 runs about
20.40 times its Market Risk Adjusted Performance of
0.59 . This indicates Maximum Drawdown substantially exceeds Market Risk Adjusted Performance for Breakwave Dry.
Methodology, Assumptions & Data Sources
The current Market Risk Adjusted Performance for Breakwave Dry is 0.5892. The Market Risk Adjusted Performance for Breakwave Dry is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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