Capital Group Risk Adjusted Performance
| CGNG ETF | | | 35.98 -0.47 -1.29% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is Capital Group's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
Capital Group registers a Risk Adjusted Performance of 0.0996, reflecting positive but modest risk-adjusted return. Capital Group has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0996 | |
Risk Adjusted Performance Peers Comparison
The peer group averages 0.1 for Risk Adjusted Performance, with Capital Group at 0.0996 falling below that level. Readings span 0.0555 (John Hancock Multifactor) to 0.1378 (Xtrackers MSCI Emerging). Capital Group's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for Capital Group and its peers. Each point represents one equity — position along the horizontal axis shows 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.
Capital Group records a Risk Adjusted Performance of
0.10 and a Maximum Drawdown of
6.83 , yielding roughly
68.62 units of Maximum Drawdown per Risk Adjusted Performance. This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Capital Group.
Methodology, Assumptions & Data Sources
Capital Group has a current Risk Adjusted Performance reading of 0.0996. This Risk Adjusted Performance reading for Capital Group results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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