IShares MSCI Total Risk Alpha

EWU Etf  USD 43.85  -1.26  -2.79%   
The Total Risk Alpha indicator for iShares MSCI United is derived from observed market data. For broader technical screening across instruments, see Equity Screeners. IShares MSCI has a market cap of 2.1 B. Review Investing Opportunities for a broader allocation view. This reflects a position in iShares MSCI United. The allocation framework shapes how individual positions are weighted. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
iShares MSCI United has current Total Risk Alpha of 0.1249. 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]

 = 
0.1249
ER[a] = Expected return on investing in IShares MSCI
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on IShares MSCI
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Peers Comparison

Total Risk Alpha Relative To Other Indicators

iShares MSCI United maintains a third standing in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding 39.36 of Maximum Drawdown per Total Risk Alpha. For iShares MSCI United, Maximum Drawdown stands at 39.36 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund. Compare IShares MSCI to Peers

Other Technical Indicators