Innovator Nasdaq Total Risk Alpha

NJUL Etf  USD 62.86  0.46  0.74%   
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Innovator Nasdaq 100 Power has current Total Risk Alpha of 0.0301. 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]

 = 
0.0301
ER[a] = Expected return on investing in Innovator Nasdaq
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Innovator Nasdaq
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Innovator Nasdaq Total Risk Alpha Peers Comparison

0.00000.03010.04120.02830.0322100%

Innovator Total Risk Alpha Relative To Other Indicators

Innovator Nasdaq 100 Power is regarded third largest 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  93.94  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Innovator Nasdaq 100 Power is roughly  93.94 
JavaScript chart by amCharts 3.21.15NAPRNJANNOCTPJULKJULNJUL 00.51.01.52.02.53.0 -0.04-0.03-0.02-0.0100.010.020.030.040.05
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Innovator Nasdaq to Peers

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