Putnam ETF Total Risk Alpha
| PEMX Etf | | | 70.87 0.98 1.40% |
The Total Risk Alpha calculation for Putnam ETF draws on price and volume history. Related screening structures are referenced through
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Putnam ETF Trust has current Total Risk Alpha of 0.3298. 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] |
| = | 0.3298 | |
| ER[a] | = | Expected return on investing in Putnam ETF |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Putnam ETF |
| 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
Putnam ETF Trust ranks first in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
22.51 of Maximum Drawdown per Total Risk Alpha. At
22.51 , Putnam ETF Trust's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Putnam ETF to Peers
Other Technical Indicators