Performance analysis
Rolling returns in quartiles
The 3 year excess rolling returns are negative across the corporate bond. The blue line is mostly in the 2nd/3rd quartile.
The rolling returns are for only one year. The fund from the start is negative. As of April 2023, the fund is at -1 %.
Rolling risk/return (Snail-trail)
The standard deviation on the 3 year excess returns range between -1% to 3%. overall there is high volatility in the fund.
The snail trail for this fund started at giving negative returns and at a risk of 0.06%. As of May 2023, the fund is generating negative returns and at a higher risk of 0.10%.
Tracking error
The tracking error ranges between 0 to 2
The TE of this fund is between 0.37 to 0.52%. as of May 2023 the TE is 0.47%.
Information ratio
The information ratio ranges between 0 to -3.5. The overall ratio has been mostly below 0.
The IR when started was at -3%. The IR also went down to -4.5% in the month of Sept 2022 and as of May 2023, the IR is at -1.3%.
Prepared by – Ganesh Hulke
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