Voya Gnma Treynor Ratio

LEINX Fund  USD 7.28  0.01  0.14%   
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Voya Gnma Income has current Treynor Ratio of (1.07). The Treynor is the reward-to-volatility ratio that expresses the excess return to the beta of the equity or portfolio. It is similar to the Sharpe ratio, but instead of using volatility in the denominator, it uses the beta of equity or portfolio. Therefore, the Treynor Ratio is calculated as [(Portfolio return - Risk-free return)/Beta].

Treynor Ratio

 = 

ER[a] - RFR

BETA

 = 
(1.07)
ER[a] = Expected return on investing in Voya Gnma
BETA = Beta coefficient between Voya Gnma and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

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Voya Treynor Ratio Relative To Other Indicators

Voya Gnma Income is rated below average in treynor ratio among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
This ratio was developed by Jack Treynor to measure how well an investment has compensated its investors given its level of risk. The Treynor ratio relies on beta, which measures an investment sensitivity to market movements, to gauge risk. The premise underlying the Treynor ratio is that systematic risk--the kind of risk that is inherent to the entire market (represented by beta)--should be penalized because it cannot be diversified away.
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