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What is the definition of max under-performance?

Updated over 2 years ago

What is the definition of max under-performance?

Jake Dwyer avatar

Written by Jake Dwyer
Updated over a week ago

Rev. Date May 29, 2019
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Max under-performance is the max drawdown of the portfolio's excess return compared to the benchmark.
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​This document highlights certain aspects of this feature. As an overview, it does not discuss all material facts or assumptions. Please see Important Disclosure and Disclaimer Information.

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