Fidelity US High Quality ETF (FCUQ.TO)
53.01
-0.31
(-0.58%)
CAD |
TSX |
May 01, 15:59
FCUQ.TO Alpha (vs YCharts Benchmark) (5Y)
Alpha (vs YCharts Benchmark) (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (vs YCharts Benchmark) (5Y) Data
Date | Value |
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April 30, 2024 | -- |
Date | Value |
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March 31, 2024 | -- |
Alpha Definition
Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.