Overlay Shares Treynor Ratio
| OVB ETF | | | USD 20.62 -0.04 -0.19% |
The Treynor Ratio measures excess return per unit of systematic risk (beta) rather than total risk. It is calculated as (Portfolio Return - Risk-Free Rate) / Beta, isolating how well the asset compensates investors for market exposure that cannot be diversified away. Below is Overlay Shares's current Treynor Ratio with peer comparisons and related risk metrics.
Current Treynor Ratio Value
Overlay Shares's Treynor Ratio of
-0.08 reflects negative return per unit of systematic risk. Overlay Shares has not been compensated for the market risk it carries — systematic exposure has produced negative returns over the measured period.
Treynor Ratio | = | ER[a] - RFRBETA |
| = | -0.08 | |
| ER[a] | = | Expected return on investing in Overlay Shares |
| BETA | = | Beta coefficient between Overlay Shares and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Treynor Ratio Peers Comparison
Overlay Shares's Treynor Ratio of -0.0811 falls below the -0.04 peer average. Values range from -0.8876 (Innovator Premium Income) to 0.2742 (NestYield Dynamic Income), with tight clustering across the group. Overlay Shares has earned less return per unit of systematic risk than the peer average.
Treynor Ratio Relative To Other Indicators
The chart below plots Treynor Ratio against Maximum Drawdown for Overlay Shares and its peers. Each point represents one equity — position along the horizontal axis shows Treynor Ratio 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 Overlay Shares to PeersMethodology, Assumptions & Data Sources
Overlay Shares has a current Treynor Ratio reading of -0.08. This Treynor Ratio reading for Overlay Shares results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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