Destiny Tech100 Total Risk Alpha
| DXYZ Stock | | | 54.60 9.60 21.33% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is Destiny Tech100's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
With Total Risk Alpha at 0.914, Destiny Tech100 shows positive alpha — return above what market exposure alone would predict. Destiny Tech100 has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.914 | |
| ER[a] | = | Expected return on investing in Destiny Tech100 |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Destiny Tech100 |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Relative to peers, Destiny Tech100's Total Risk Alpha is above the group average of -0.24. Peer readings range from -1.4183 (ETHZilla) to 0.1036 (NewtekOne), reflecting tight clustering across the sector. Destiny Tech100 has generated more excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for Destiny Tech100 and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha 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.
Destiny Tech100's Maximum Drawdown of
21.31 runs about
23.32 times its Total Risk Alpha of
0.91 . This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Destiny Tech100.
Methodology, Assumptions & Data Sources
Destiny Tech100 has a current Total Risk Alpha reading of 0.914. This Total Risk Alpha reading for Destiny Tech100 results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Destiny Tech100 operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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