A measure of a product's overall performance in the down markets.
What does the chart show?
The chart evaluates on a rolling basis how well a product or portfolio performed relative to the benchmark during periods (in months) when the benchmark produced negative returns.
How to interpret the chart
A Downside Capture Ratio of more than one indicates that the product lagged the benchmark during a down-market, while a number of less than one suggests the product performed better than the benchmark during a down-market.
When to use the chart
This chart is useful in assessing if the product is consistent in minimising loss relative to a benchmark during down-markets
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