Thrivent Government Total Risk Alpha

TBFAX Fund  USD 8.81  0.01  0.11%   
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Thrivent Government Bond has current Total Risk Alpha of 0.0294. 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]

 = 
0.0294
ER[a] = Expected return on investing in Thrivent Government
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Thrivent Government
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Thrivent Government Total Risk Alpha Peers Comparison

Thrivent Total Risk Alpha Relative To Other Indicators

Thrivent Government Bond is rated second largest fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  51.04  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Thrivent Government Bond is roughly  51.04 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Thrivent Government to Peers

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