FT Cboe Information Ratio
| DNOV ETF | | | USD 50.61 -0.02 -0.04% |
The Information Ratio measures excess return (alpha) per unit of tracking error relative to a benchmark. Unlike the Sharpe Ratio, which uses total volatility, the Information Ratio isolates only the variability of the alpha component — the return attributable to active decisions rather than passive market exposure. Below is FT Cboe's current Information Ratio with peer comparisons and related risk metrics.
Current Information Ratio Value
FT Cboe registers a Information Ratio of 0.0936, reflecting positive but modest excess return per unit of tracking risk. FT Cboe has outperformed its benchmark, though the margin is limited relative to the tracking error incurred.
INFOR | = | ER[a] - ER[b]STD[a] |
| = | 0.0936 | |
Information Ratio Peers Comparison
FT Cboe's Information Ratio of 0.0936 falls below the 0.1 peer average. Values range from 0.0725 (First Trust Exchange Traded) to 0.2161 (First Trust Exchange Traded), with wide dispersion across the group. FT Cboe's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Information Ratio Relative To Other Indicators
The chart below plots Information Ratio against Maximum Drawdown for FT Cboe and its peers. Each point represents one equity — position along the horizontal axis shows Information Ratio 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.
FT Cboe produces
20.52 in Maximum Drawdown for each unit of Information Ratio, with respective readings of
1.92 and
0.09 . This indicates Maximum Drawdown substantially exceeds Information Ratio for FT Cboe.
Methodology, Assumptions & Data Sources
FT Cboe has a current Information Ratio reading of 0.0936. The Information Ratio for FT Cboe applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. 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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