SPDR DoubleLine Treynor Ratio
| TOTL ETF | | | USD 39.92 0.05 0.13% |
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 SPDR DoubleLine's current Treynor Ratio with peer comparisons and related risk metrics.
Current Treynor Ratio Value
SPDR DoubleLine carries a Treynor Ratio of
-0.03, consistent with negative return per unit of systematic risk. SPDR DoubleLine 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 |
| = | -0.03 | |
| ER[a] | = | Expected return on investing in SPDR DoubleLine |
| BETA | = | Beta coefficient between SPDR DoubleLine and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Treynor Ratio Peers Comparison
Among sector peers, SPDR DoubleLine's Treynor Ratio of -0.0319 is above the -0.34 group average. The range runs from -1.9014 (First Trust NASDAQ) to 0.6709 (SPDR Series Trust). SPDR DoubleLine has earned more 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 SPDR DoubleLine 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 SPDR DoubleLine to PeersMethodology, Assumptions & Data Sources
SPDR DoubleLine has a current Treynor Ratio reading of -0.03. SPDR DoubleLine's Treynor Ratio is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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