ALPS International Total Risk Alpha
| IDOG ETF | | | USD 42.95 0.39 0.92% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is ALPS International's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
At 0.0677, ALPS International exhibits positive alpha — return above what market exposure alone would predict in Total Risk Alpha. ALPS International has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0677 | |
| ER[a] | = | Expected return on investing in ALPS International |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALPS International |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
ALPS International's Total Risk Alpha of 0.0677 falls below the 0.1 peer average. Values range from 0.0284 (iShares MSCI France) to 0.1831 (iShares MSCI Emerging), with wide dispersion across the group. ALPS International has generated less excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for ALPS International and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk 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.
ALPS International records a Total Risk Alpha of
0.07 and a Maximum Drawdown of
4.71 , yielding roughly
69.58 units of Maximum Drawdown per Total Risk Alpha. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for ALPS International.
Methodology, Assumptions & Data Sources
ALPS International has a current Total Risk Alpha reading of 0.0677. The Total Risk Alpha for ALPS International is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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