The positive information ratio of Group 1 also highlights that small - cap companies with profitability characteristics were able to generate higher excess
returns over the benchmark (the small - cap universe in this case) on a consistent basis.
Those who invest in active funds may expect portfolio managers to deliver excess
returns over their benchmark indices for the fee they paid.
Among all the fund categories, the Indian ELSS and Indian Equity Mid - / Small - Cap funds offered the most pronounced excess
return over their benchmarks, the S&P BSE 200 and S&P BSE MidCap, respectively.
Not exact matches
First, quality has historically delivered a
return premium, i.e. the opportunity to outperform a broad
benchmark over the long term.
Over the full period analyzed, the
benchmark has
returned 6.9 % to investors versus 8.1 % for the comparative universe, but much of the performance in more recent years remains unrealized.
Outperformers (winners) are funds with
return observations for every month of the 15 - year period whose cumulative net
return over the period exceeded that of their respective
benchmark.
Institutional investors love to show that they beat their
benchmark or some risk - adjusted
return target or their peers in the industry
over the most recent one year period.
For comparative purposes, the S&P 500 ® Index (the «S&P 500»), which is the Fund's
benchmark and is considered to be reflective of the US securities markets, had a total
return of 23.63 %
over the same time period.
For comparative purposes, the S&P 500 ® Index, which is the Fund's
benchmark, had a total
return of 3.27 %
over the same time period.
Analysis of the S&P Global Inc. (NYSE: SPGI) seasonal charts above shows that a Buy Date of October 5 and a Sell Date of December 29 has resulted in a geometric average
return of 2.39 % above the benchmark rate of the S&P 500 Total Return Index over the past 20
return of 2.39 % above the
benchmark rate of the S&P 500 Total
Return Index over the past 20
Return Index
over the past 20 years.
Better reporting should disclose fees, provide after fee rates of
return over various time periods, and
benchmark returns for performance comparison.
Wise financial stewards maintain command and control
over their portfolio through better reporting which should disclose fees, provide after fee rates of
return over various time periods, and
benchmark returns for performance comparison.
The selection also ends a two - month search that was met with constant speculation and reported meddling by Kalanick, which lead
Benchmark, one of its largest investors, to sue the former CEO
over allegedly pulling strings to
return as chief.
Compounding can also cause a widening differential between the performances of an ETF and its underlying index or
benchmark, so that
returns over periods longer than one day can differ in amount and direction from the target
return of the same period.
The Senegalese frontman has started the Toffees» past two games against Leicester City and Arsenal and pointed to the 2 - 1 win
over the Foxes as the
benchmark to
return to winning ways and build a run of results.
The AnTuTu
benchmark app
returned scores of
over 11,500 suggesting the handset has more power than you will ever find a way of actually using.
There's no need to worry about the phone not having the grunt to power the tablet because it
returns an AnTuTu
benchmark score of well
over 21,000.
However,
over the last one - year period the fund
returns are lower than that of category and
benchmark, but not very far off.
Over the three - year and five - year period the fund has outperformed its category
returns and its
benchmark.
You must then check the
returns of these schemes
over different time horizons and check if they offer consistent
returns or at least perform better than the
benchmark.
For each of the
benchmarks in Exhibit 2, Exhibit 3 shows the excess total
return of the respective
benchmark over the increase of the cost of income for each respective year (from 2020 to 2060).
The fund has generated considerable
returns outperforming the
benchmark and category
over three - year, five - year and 10 - year period.
For the past three years, the fund has beaten its
benchmark, and its average annual
return over the last five years is almost 10 %.
The Index's
return was driven mainly by Technology which gained
over 10 % and drove 220 basis points (bps) of the
benchmark's 230 bps total
return.
Over the 15 - year period ending in February 2018, encompassing the latter part of Japan's so - called «lost decades» of stagnant equity
returns, the equal - weight index would have outperformed the cap - weighted Japanese equity
benchmark by a stonking Read more -LSB-...]
Those that have been around long enough to provide a substantial track record, such as 3 -, 5 -, and 10 - year
returns, give investors an idea of the stability level when measuring performance
over time with a
benchmark such as U.S. Treasury bills.
FWIW, the risk of underperformance also came to mind, but I think that's mostly used to describe the risk of choosing, say, an actively - managed fund (or individual stocks)
over a passive
benchmark index investment more likely to match market
returns.
If the
benchmark indexes are very similar, ignore any differences in
returns over one or two years and go with the one that charges the lowest fee.
Over the last 10 years, the mutual fund's tracking error has amounted to a mere 0.09 % annually, and since its inception in 1999, the fund has
returned 5.15 %, three basis points more than its
benchmark index.
The SPIVA research
returns fairly similar results every year; the vast majority of active funds underperform their
benchmark over both the short term (one year) and the longer term (five years).
In the notes following the performance charts contained herein for each of our Funds, we have always gone to great pains to point out the inherent inconsistency of equity
returns, particularly in comparison to
benchmark indices
over shorter term measurement periods.
(A backtest is simply a statistical look at historical data to determine whether employing a given investment factor, such as selecting stocks with low price - earnings ratios, results in excess
returns over time; i.e.,
returns above a stock market
benchmark.)
The RBC fund -LSB-...] beat its
benchmark MSCI Emerging Markets index
over the past three years,
returning an average 4.9 % annually.
In pursuit of this objective, the team will focus on achieving three goals, which we believe will result in better risk - adjusted
returns than the
benchmark over the long - term:
A study Barry Feldman and Dhruv Roy, cleraly shows the BXM Index (CBOE S&P 500 BuyWrite Index), a
benchmark for an S&P 500 - based covered call strategy, had slightly higher
returns and significantly less volatility than the S&P 500
over a time period of almost 16 years, despite the fact that covered calls have a truncated upside in the short term.
Interestingly, the one - year total
return of the S&P China High Quality Corporate Bond 3 - 7 Year Index was 6.61 % as of May 16, 2016, outperforming its
benchmark, the S&P China Corporate Bond Index, which
returned 6.18 %
over the same period.
As aresult, their
returns can differ significantly, both positively and negatively, from that of their
benchmark index, especially
over investment periods lastinglonger than one day.
The information is intended to show the effects on risk and
returns of different asset allocations
over time based on hypothetical combinations of the
benchmark indexes that correspond to the relevant asset class.
Over the long - term (five years), which gives a clearer picture of fund managers» abilities to provide above - average
returns on a consistent basis, all fund categories in the scorecard underperformed their respective category
benchmarks.
Our aim is to provide our clients with «value added» (excess)
returns over and above traditional
benchmarks, while at the same time taking on less risk than the overall market.
We believe the best way to generate consistent, excess
returns over time in the fixed income market is through the construction of higher yielding portfolios to maximize total
return within risk parameters, compared to targeted
benchmarks.
Over the course of the business cycle, however, we hope to generate a risk adjusted
return that is superior to a
benchmark portfolio.
Though many managers will say that the
benchmark reflects their circle of competence, and they do well within those bounds, my view is that it is better to loosen the constraints on managers with good investment processes, and simply tell them that you are looking for good
returns over a full cycle.
This fund has given high
returns over the years and has consistently outperformed its
benchmark.
Among surviving funds
over the 2008 — 2017 period, smart beta strategies»
returns, net of fees and taxes on a postliquidation basis, trailed the style
benchmarks»
returns by 1.0 %, while the other strategies» deficits ranged from − 1.3 % to − 2.0 %.
Over the one - year period, information technology was the largest and best - performing sector in the S&P 500, thereby making it the biggest contributor to
benchmark return.
ACR International Quality
Return Fund will seek is «to protect capital from permanent impairment while providing an absolute return above the Fund's cost of capital and a relative return above the Fund's benchmark over a full market cycle.&
Return Fund will seek is «to protect capital from permanent impairment while providing an absolute
return above the Fund's cost of capital and a relative return above the Fund's benchmark over a full market cycle.&
return above the Fund's cost of capital and a relative
return above the Fund's benchmark over a full market cycle.&
return above the Fund's
benchmark over a full market cycle.»
The asset - weighted composite of large - cap active managers outperforming the
benchmark over the one - year period has led us to closely examine the sources of (or detractors from) active
returns.
Winner funds are those that survived and whose cumulative net
return over the period exceeded that of their respective Morningstar category
benchmark.
In fact, after studying the
returns for 2,076 mutual funds
over a 32 - year period, one group of researchers found that very few — a number «statistically indistinguishable from zero» — professional money managers EVER beat the market
benchmark.