VANGUARD HIGH-YIELD Total Risk Alpha
| VWAHX Fund | | | USD 10.64 0.02 0.19% |
VANGUARD HIGH-YIELD total risk alpha lookup summarizes this and related technical indicators for Vanguard High Yield Tax Exempt. Availability can vary by instrument;
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Vanguard High Yield Tax Exempt has current Total Risk Alpha of 0.018. 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] |
| = | 0.018 | |
| ER[a] | = | Expected return on investing in VANGUARD HIGH-YIELD |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on VANGUARD HIGH-YIELD |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
VANGUARD HIGH-YIELD Total Risk Alpha Peers Comparison
VANGUARD Total Risk Alpha Relative To Other Indicators
Vanguard High Yield Tax Exempt is rated
second in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
56.74 of Maximum Drawdown per Total Risk Alpha. At
56.74 , Vanguard High Yield Tax Exempt'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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