Fidelity Yield Total Risk Alpha
| FYEE Etf | | | 29.15 0.06 0.21% |
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Fidelity Yield Enhanced has current Total Risk Alpha of 0.0207. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0207 | |
| ER[a] | = | Expected return on investing in Fidelity Yield |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Yield |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fidelity Yield Total Risk Alpha Peers Comparison
Fidelity Total Risk Alpha Relative To Other Indicators
Fidelity Yield Enhanced is rated
# 5 ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
152.68 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Fidelity Yield Enhanced is roughly
152.68 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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