Invesco Floating Rate Municipal Income ETF (PVI)

24.85 +0.07 (+0.26%) USD  |  NYSEARCA  |  Dec 20, 16:00
24.85 0.00 (0.00%) After-Hours: 20:00
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PVI Alpha (10Y)

Alpha (10Y) Chart

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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 (10Y) Range, Past 5 Years

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Alpha (10Y) Benchmarks

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VanEck Short Muni ETF Upgrade
PIMCO Short Term Municipal Bond Active Exch Tr Fd Upgrade
First Trust Short Duration Managed Municipal ETF --
AB Tax-Aware Short Duration Municipal ETF --
Capital Group Short Duration Municipal Income ETF --

Alpha (10Y) Related Metrics

Beta (10Y) Upgrade
Alpha (vs YCharts Benchmark) (10Y) Upgrade
Beta (vs YCharts Benchmark) (10Y) Upgrade
Annualized Standard Deviation of Monthly Returns (10Y Lookback) Upgrade
Historical Sharpe Ratio (10Y) Upgrade
Historical Sortino (10Y) Upgrade
Max Drawdown (10Y) Upgrade
Monthly Value at Risk (VaR) 5% (10Y Lookback) Upgrade