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 of this fund shows that it was negative when started and was consistent and stayed negative for the entire period. As of May 2023, the rolling returns shows -0.2%.
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 shows that the fund at start was having negative returns of -1.50% and at a higher risk of 2%. As of May 2023, the fund is generating negative returns of -0.25% and has very less risk of almost 0%.
Tracking error
The tracking error ranges between 0 to 2
The TE of this fund is always decreasing from the start. The fund was at its peak at 1.40% in the month of Aug 2020. As of May 2023, the TE is at 0.3%.
Information ratio
The information ratio ranges between 0 to -3.5. The overall ratio has been mostly below 0.
The IR is fluctuating for the entire period. It was at its peak at 0.6 in the month of Sep 2021. As of May 2023, the IR is -1.6.
Prepared by – Ganesh Hulke
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