IShares Essential Total Risk Alpha
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iShares Essential Metals has current Total Risk Alpha of 0.214. 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] |
| = | 0.214 | |
| ER[a] | = | Expected return on investing in IShares Essential |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on IShares Essential |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
IShares Essential Total Risk Alpha Peers Comparison
IShares Total Risk Alpha Relative To Other Indicators
iShares Essential Metals is rated number one 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
37.87 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for iShares Essential Metals is roughly
37.87 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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