Franklin Canadian Ultra Short Term Bond Fund (FHIS.TO)

20.90 +0.01 (+0.05%) CAD  |  TSX  |  Dec 24, 16:00
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FHIS.TO Alpha (vs YCharts Benchmark) (Since Inception)

Alpha (vs YCharts Benchmark) (Since Inception) Chart

View Alpha (vs YCharts Benchmark) (Since Inception) for FHIS.TO.
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Sep '18
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Historical Data

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Alpha Definition

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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.

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Alpha (vs YCharts Benchmark) (Since Inception) Range, Past 5 Years

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Alpha (vs YCharts Benchmark) (Since Inception) Benchmarks

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Mackenzie Canadian Ultra Short Bond Index ETF Upgrade
Franklin Canadian Short Term Bond Fund ETF Series Upgrade
GuardBonds™ 2026 Investment Grade Bond ETF Units Upgrade
RBC 1-5 Year Laddered Canadian Corporate Bond ETF Upgrade
RBC 1-5 Year Laddered Canadian Bond ETF Upgrade

Alpha (vs YCharts Benchmark) (Since Inception) Related Metrics

Alpha (Since Inception) Upgrade
Beta (Since Inception) Upgrade
Beta (vs YCharts Benchmark) (Since Inception) Upgrade
Annualized Standard Deviation of Monthly Returns (Since Inception) Upgrade
Historical Sharpe Ratio (Since Inception) Upgrade
Max Drawdown (Since Inception) Upgrade
Monthly Value at Risk (VaR) 5% (Since Inception) Upgrade