Voya Global Total Risk Alpha
| IGA ETF | | | USD 9.66 0.01 0.10% |
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 Voya Global's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
Voya Global has a Total Risk Alpha of
-0.0019, indicating slightly negative alpha — return marginally below the CAPM-predicted level. Voya Global has slightly underperformed relative to what its market beta would imply.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.0019 | |
| ER[a] | = | Expected return on investing in Voya Global |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Voya Global |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Voya Global falls below the 0.0 peer average for Total Risk Alpha. Amg Yacktman Focused leads at 0.2259 while China Fund registers the lowest at -0.423. Voya Global 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 Voya Global 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.
Compare Voya Global to PeersMethodology, Assumptions & Data Sources
Voya Global has a current Total Risk Alpha reading of -0.0019. The Total Risk Alpha for Voya Global applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. 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.
Other Technical Indicators