Fidelity Crypto Jensen Alpha
| FDIG ETF | | | USD 40.01 -0.77 -1.89% |
Jensen Alpha measures the return attributable to active skill rather than passive market exposure. It is the residual return after subtracting the risk-free rate and the beta-adjusted market premium — the return the asset should have earned based solely on its systematic risk. Below is Fidelity Crypto's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Fidelity Crypto carries a Jensen Alpha of
-0.01, consistent with slightly negative alpha — return marginally below the CAPM-predicted level. Fidelity Crypto has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.01 | |
| ER[a] | = | Expected return on investing in Fidelity Crypto |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Fidelity Crypto and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
The peer group averages 0.05 for Jensen Alpha, with Fidelity Crypto at -0.0098 falling below that level. Readings span -0.0259 (Schwab Strategic Trust) to 0.1324 (Segall Bryant Hamill). Fidelity Crypto has generated less excess return relative to its market exposure than the peer group average.
Jensen Alpha Relative To Other Indicators
The chart below plots Jensen Alpha against Maximum Drawdown for Fidelity Crypto and its peers. Each point represents one equity — position along the horizontal axis shows Jensen 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.
Compare Fidelity Crypto to PeersMethodology, Assumptions & Data Sources
Fidelity Crypto's Jensen Alpha currently stands at -0.01. This Jensen Alpha reading for Fidelity Crypto 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. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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