| MLPTX Fund | | | USD 9.70 0.17 1.72% |
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Oppenheimer Steelpath Mlp has current Total Risk Alpha of 0.0798. 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] |
| = | 0.0798 | |
| ER[a] | = | Expected return on investing in Oppenheimer Steelpath |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Oppenheimer Steelpath |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Oppenheimer Steelpath Total Risk Alpha Peers Comparison
Oppenheimer Total Risk Alpha Relative To Other Indicators
Oppenheimer Steelpath Mlp is regarded
second largest fund in total risk alpha among similar funds. It is regarded
fifth largest fund in maximum drawdown among similar funds reporting about
45.22 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Oppenheimer Steelpath Mlp is roughly
45.22 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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