ProShares Online Market Risk Adjusted Performance
| ONLN ETF | | | USD 60.30 0.85 1.43% |
Market Risk-Adjusted Performance (MRAP) measures return relative to systematic risk (beta) rather than total risk (standard deviation). This isolates the return earned per unit of market exposure, filtering out idiosyncratic volatility that can be diversified away. Below is ProShares Online's current Market Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Market Risk Adjusted Performance Value
At 0.1058, ProShares Online exhibits positive but modest risk-adjusted return in Market Risk Adjusted Performance. ProShares Online has produced a positive return relative to risk, though the margin is limited.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.1058 | |
| ER[a] | = | Expected return on investing in ProShares Online |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
ProShares Online's Market Risk Adjusted Performance of 0.1058 falls above the 0.01 peer average. Values range from -0.9314 (Overlay Shares Hedged) to 0.2334 (KraneShares Electric Vehicles), with wide dispersion across the group. ProShares Online's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Market Risk Adjusted Performance Relative To Other Indicators
The chart below plots Market Risk Adjusted Performance against Maximum Drawdown for ProShares Online and its peers. Each point represents one equity — position along the horizontal axis shows Market Risk Adjusted Performance 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.
ProShares Online shows nearly
59.75 of Maximum Drawdown per unit of Market Risk Adjusted Performance (
0.11 versus
6.32 ). This indicates Maximum Drawdown substantially exceeds Market Risk Adjusted Performance for ProShares Online.
Methodology, Assumptions & Data Sources
ProShares Online's Market Risk Adjusted Performance currently stands at 0.1058. This Market Risk Adjusted Performance reading for ProShares Online results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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