Materials Select Total Risk Alpha
| XLB ETF | | | USD 49.09 -0.32 -0.65% |
The Total Risk Alpha calculation for Materials Select draws on price and volume history. Additional screening context is available through
Equity Screeners. Materials Select has a market cap of 5.95 B. See
Your Current Watchlist for portfolio-level analysis. Tracking Materials Select Sector in a portfolio provides context for performance attribution. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence Materials Select Sector's ETF valuation — related indicators include
signals in board of governors.
Materials Select Sector has current Total Risk Alpha of 0.2443. 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] |
| = | 0.2443 | |
| ER[a] | = | Expected return on investing in Materials Select |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Materials Select |
| 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
Materials Select Sector ranks first in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
20.50 of Maximum Drawdown per Total Risk Alpha. At
20.50 , Materials Select Sector'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 Materials Select to Peers
Other Technical Indicators