American Funds Total Risk Alpha

FUNFX Fund  USD 89.59  0.76  0.86%   
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American Funds Fundamental has current Total Risk Alpha of 3.0E-4. 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]

 = 
3.0E-4
ER[a] = Expected return on investing in American Funds
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on American Funds
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

American Funds Total Risk Alpha Peers Comparison

American Total Risk Alpha Relative To Other Indicators

American Funds Fundamental is one of the top funds in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  11,717  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for American Funds Fundamental is roughly  11,717 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare American Funds to Peers

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