SPDR SP Total Risk Alpha

WXOZ Etf   49.28  0.17  0.35%   
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SPDR SP World has current Total Risk Alpha of 0.1076. 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]

 = 
0.1076
ER[a] = Expected return on investing in SPDR SP
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on SPDR SP
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

SPDR SP Total Risk Alpha Peers Comparison

SPDR Total Risk Alpha Relative To Other Indicators

SPDR SP World is rated fifth in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  26.63  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for SPDR SP World is roughly  26.63 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare SPDR SP to Peers

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