FRANKLIN HIGH Information Ratio
| FHYIX Fund | | | USD 9.10 0.02 0.22% |
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 FRANKLIN HIGH's current Information Ratio with peer comparisons and related risk metrics.
Current Information Ratio Value
The Information Ratio of
-0.02 for FRANKLIN HIGH indicates slight underperformance relative to the benchmark on a risk-adjusted basis. The negative value indicates FRANKLIN HIGH has not kept pace with its benchmark after accounting for tracking error.
INFOR | = | ER[a] - ER[b]STD[a] |
| = | -0.02 | |
Information Ratio Peers Comparison
The peer group averages -0.03 for Information Ratio, with FRANKLIN HIGH at -0.0215 falling above that level. Readings span -0.1223 (PGIM Global High) to 0.1316 (Duff Phelps Global). FRANKLIN HIGH's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Information Ratio Relative To Other Indicators
The chart below plots Information Ratio against Maximum Drawdown for Franklin High 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.
Compare FRANKLIN HIGH to PeersMethodology, Assumptions & Data Sources
The current Information Ratio for FRANKLIN HIGH is -0.02. FRANKLIN HIGH's Information 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. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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