The Asset Profile shows key metrics for individual assets, organized into four tabs: Return, Risk, Expense, and Valuation. Use it to review an asset's trailing returns, yield, risk statistics, costs, and valuation metrics.
Return
- Ytd, 1 year, 3y annualized, 5y annualized, 10y annualized: the total return over each trailing period, assuming reinvested dividends.
- Yield TTM: the trailing 12-month yield. This is the sum of the last 12 months of dividends, divided by the asset's current price.
- SEC yield: the 30-day SEC yield, based on the 30 days ending on the last day of the previous month. It reflects the dividends and interest earned during that period, after the fund's expenses are deducted.
To see how yields feed into a portfolio's estimated income, see Income and yield.
Risk
- Volatility: the volatility of monthly total returns over the trailing three years.
- Risk score: the asset's risk score. For how Kwanti calculates risk scores, see Portfolio risk score.
- Sharpe: compares the assets return against the risk-free return (identified as the historical time series of the US 90 day US Treasury Bill), adjusted for risk. The greater the Sharpe ratio, the better its risk-adjusted performance.
- Alpha: the asset's excess return over the benchmark (*), after adjusting for risk (beta). A positive alpha means the asset performed better than expected given its risk. The higher the alpha, the better. Alpha is annualized when it is measured over more than one year.
- Beta: measured over three trailing years, shows the volatility of the asset with respect to a benchmark (*). A value lower than 1 indicates that the asset is less volatile than the market. A value greater than 1 indicates that the asset is more volatile than the market.
- Up capture and Down capture: measured over three trailing years, represents how much the asset participated in the moves, up or down, of a benchmark reference (*). An up capture ratio greater than 1 is desirable: it means that on average the asset had higher returns than the benchmark in months when the benchmark had positive returns. Conversely, a down capture ratio lower than 1 is desirable as the asset captured less of the market downside.
- (*) Benchmark: the benchmark used to calculate the metrics marked with an asterisk (*). The benchmark automatically changes depending on the asset type, and is not currently editable.
Note: For closed-end funds and ETFs, Kwanti calculates volatility using the fund's market price, not its NAV (net asset value).
Expense
Expense metrics apply to mutual funds, closed-end funds, ETFs, and CITs (collective investment trusts).
- Net expense: the percentage of investment taken each year to cover the fund's operating and management costs.
- Max front load: the highest sales charge a fund can deduct when you buy shares, as a percentage of the amount invested. A front load reduces the amount that goes into the investment. A dash (-) means the fund has no front load.
- Turnover ratio: the percentage of a fund's holdings replaced over the past year. A higher turnover ratio means more frequent trading.
- Tax drag: how much a fund's annualized return is reduced by the taxes investors pay on distributions. See Tax drag for how Kwanti calculates it.
Valuation
These metrics apply to stocks, ETFs, Mutual Funds, SMAs, and CITs:
- P/E ratio, P/S ratio, P/B ratio
- PEG ratio and Forward PEG ratio
These metrics apply to stocks only:
- EPS (earnings per share)
- Market cap ($M)
- Average volume
- Revenue growth, Net income growth, and Operating income growth
- Quick ratio
- Earnings yield
Note: For ETFs, mutual funds, SMAs, and CITs, the stock-only metrics show a dash (-).
For definitions and guidance on interpreting each metric, see Fundamental and Valuation Data Metrics.