Invesco National Information Ratio
| PZA ETF | | | USD 23.22 -0.05 -0.21% |
The Information Ratio measures excess return (alpha) per unit of tracking error relative to a benchmark. Unlike the Sharpe Ratio, which uses total volatility, the Information Ratio isolates only the variability of the alpha component - the return attributable to active decisions rather than passive market exposure. Below is Invesco National's current Information Ratio with peer comparisons and related risk metrics.
Current Information Ratio Value
A Information Ratio of 0.0036 for Invesco National signals positive but modest excess return per unit of tracking risk. Invesco National has outperformed its benchmark, though the margin is limited relative to the tracking error incurred.
INFOR | = | ER[a] - ER[b]STD[a] |
| = | 0.0036 | |
Information Ratio Peers Comparison
Relative to peers, Invesco National's Information Ratio is above the group average of -0.04. Peer readings range from -0.1224 (Invesco SAMPP 500) to 0.0692 (iShares iBonds Dec), reflecting tight clustering across the sector. Invesco National's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Information Ratio Relative To Other Indicators
The chart below plots Information Ratio against Maximum Drawdown for Invesco National and its peers. Each point represents one equity — position along the horizontal axis shows Information 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.
Invesco National's Maximum Drawdown of
1.72 runs about
476.42 times its Information Ratio of
0.00 . This indicates Maximum Drawdown substantially exceeds Information Ratio for Invesco National.
Methodology, Assumptions & Data Sources
Invesco National has a current Information Ratio reading of 0.0036. This Information Ratio reading for Invesco National results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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