A measure of a product's overall performance in both the up and 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, by comparing the product's Upside Capture Ratio against its Downside Capture Ratio.
How to interpret the chart
A Capture Ratio of more than one indicates that the product overall performed relatively better in capturing outperformance in the up-market, and protecting it's losses in the down-markets.
A Capture Ratio of less than one indicates that the product overall performed not as well in capturing outperformance in the up-market, and does not protect loss as well in the down-markets.
When to use the chart
This chart is useful in assessing if the product is consistent in capturing outperformance relative to a benchmark during up-markets and minimising loss relative to a benchmark during down-markets.
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