Putnam Short Total Risk Alpha

PSDYX Fund  USD 10.13  0.01  0.1%   
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Putnam Short Duration has current Total Risk Alpha of 0.0038. 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]

 = 
0.0038
ER[a] = Expected return on investing in Putnam Short
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Putnam Short
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Putnam Short Total Risk Alpha Peers Comparison

Putnam Total Risk Alpha Relative To Other Indicators

Putnam Short Duration is rated top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  157.13  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Putnam Short Duration is roughly  157.13 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Putnam Short to Peers

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