Cboe US - Delayed Quote USD
AlphaClone Alternative Alpha ETF (ALFA)
62.10
+0.05
+(0.08%)
At close: August 30 at 3:55:00 PM EDT
ETF Summary
The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. The index utilizes a proprietary, quantitative Clone Score methodology developed by the fund's index provider, to replicate the five most heavily weighted U.S. equity securities from each of the ten hedge funds and institutional investors with the highest Clone Scores. The Advisor attempts to invest all, or substantially all, of its assets in the component securities that make up the index.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | -20.39% |
| 5y Average Return | 8.84% |
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 1.21 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| ALFA | Category Average | ALFA | Category Average | ALFA | Category Average | |
| Alpha | -10.2 | 0.64 | -5.42 | -2.3 | -5 | -0.01 |
| BETA | 1.21 | 1.12 | 1.18 | 1.14 | 1.08 | 1.08 |
| Mean Annual Return | 0.59 | 1.2 | 0.87 | 1.28 | 0.84 | 1.14 |
| R-squared | 78.54 | 86.41 | 79.74 | 85.4 | 68.97 | 86.44 |
| Standard Deviation | 26.31 | 19.86 | 22.84 | 20.07 | 18.16 | 18.01 |
| Sharpe Ratio | 0.35 | 0.5 | 0.83 | 0.63 | 1.88 | 0.65 |
| Treynor Ratio | 2.62 | 7.66 | 5.88 | 10.06 | 7.44 | 9.99 |
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