Example: stock market
Search results with tag "Tracking error"
Understanding excess return and tracking error - Vanguard
www.vanguard.comUnderstanding excess return and tracking error Excess return Annualized fund returns often are among the first measures advisors consider when evaluating investment ...
The case for low-cost index-fund investing
personal.vanguard.comtracking error, assets under management, weighting methodology, and active share, and found that expense ratio was the most dominant variable in explaining an index fund’s excess return. Figure 2. Market participant returns after adjusting for costs Source: Vanguard. Market benchmark Underperforming assets High-cost investment Low-cost ...