| 3PYE Etf | | | 42.29 0.96 2.22% |
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Leverage Shares 3x has current Total Risk Alpha of 0.4528. 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] |
| = | 0.4528 | |
| ER[a] | = | Expected return on investing in Leverage Shares |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Leverage Shares |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Leverage Shares Total Risk Alpha Peers Comparison
Leverage Total Risk Alpha Relative To Other Indicators
Leverage Shares 3x is
fifth largest ETF in total risk alpha as compared to similar ETFs. It is
third largest ETF in maximum drawdown as compared to similar ETFs reporting about
63.98 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Leverage Shares 3x is roughly
63.98 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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