UBS ETF Total Risk Alpha
| SMMCHA Etf | | | CHF 297.05 -4.05 -1.35% |
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UBS ETF SMIM has current Total Risk Alpha of 0.0457. 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] |
| = | 0.0457 | |
| ER[a] | = | Expected return on investing in UBS ETF |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on UBS ETF |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
UBS ETF Total Risk Alpha Peers Comparison
UBS Total Risk Alpha Relative To Other Indicators
UBS ETF SMIM is rated
below average in total risk alpha compared to similar ETFs. It is rated
third in maximum drawdown compared to similar ETFs reporting about
103.89 of Maximum Drawdown per Total Risk Alpha. At
103.89 , UBS ETF SMIM'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.
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