Evolve Innovation Risk Adjusted Performance

EDGE-U Etf  USD 20.07  0.00  0.00%   
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Evolve Innovation Index has current Risk Adjusted Performance of 0.1076.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.1076
ER[a] = Expected return on investing in Evolve Innovation
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Evolve Innovation Risk Adjusted Performance Peers Comparison

Evolve Risk Adjusted Performance Relative To Other Indicators

Evolve Innovation Index is rated below average in risk adjusted performance as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  27.72  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for Evolve Innovation Index is roughly  27.72 
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