VANGUARD CALIFORNIA Total Risk Alpha
| VCLAX Fund | | | USD 11.49 0.02 0.17% |
Reference data associated with the Total Risk Alpha technical indicator for Vanguard California Long Term. Technical inputs may vary across markets and data providers.
Vanguard California Long Term has current Total Risk Alpha of 0.0175. 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] |
| = | 0.0175 | |
| ER[a] | = | Expected return on investing in VANGUARD CALIFORNIA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on VANGUARD CALIFORNIA |
| 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
Vanguard California Long Term is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
59.37 of Maximum Drawdown per Total Risk Alpha. At
59.37 , Vanguard California Long Term'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 VANGUARD CALIFORNIA to Peers
Other Technical Indicators