ALPS Electrification Sortino Ratio
| ELFY ETF | | | 43.74 -0.23 -0.52% |
The Sortino Ratio measures risk-adjusted return using only downside deviation rather than total volatility. Unlike the Sharpe Ratio, which penalizes both upside and downside volatility equally, the Sortino Ratio penalizes only returns below a target threshold, making it a more targeted measure of harmful volatility. Below is ALPS Electrification's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
ALPS Electrification carries a Sortino Ratio of 0.1311, consistent with its current reading on this measure. This reflects ALPS Electrification's positioning relative to its own recent range within ETF.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.1311 | |
| ER[a] | = | Expected return on investing in ALPS Electrification |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
ALPS Electrification falls above the 0.08 peer average for Sortino Ratio. KraneShares Electric Vehicles leads at 0.1345 while ProShares Online Retail registers the lowest at 0.0073. ALPS Electrification's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Sortino Ratio Relative To Other Indicators
The chart below plots Sortino Ratio against Maximum Drawdown for ALPS Electrification and its peers. Each point represents one equity — position along the horizontal axis shows Sortino 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.
ALPS Electrification's Maximum Drawdown of
6.54 runs about
49.89 times its Sortino Ratio of
0.13 . This indicates Maximum Drawdown substantially exceeds Sortino Ratio for ALPS Electrification.
Methodology, Assumptions & Data Sources
ALPS Electrification has a current Sortino Ratio reading of 0.1311. ALPS Electrification's Sortino Ratio is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. 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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