Portfolio Analytics

Active Share

Definition

What is Active Share?

The percentage of portfolioThe complete collection of investments owned by an investor or managed under one mandate. holdings that differs from the benchmarkA reference index or rate used to evaluate a fund's performance..

Example in practice

How This Looks in Practice

A fund with very different stock weights has high active share.

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Related Terms

Portfolio Analytics

Correlation

A statistic ranging from minus one to plus one that describes how two return series move together.

Portfolio Analytics

Positive Correlation

A relationship in which two assets tend to move in the same direction.

Portfolio Analytics

Negative Correlation

A relationship in which two assets tend to move in opposite directions.

Risk Management

Stress Test

An analysis of portfolio performance under severe but plausible scenarios.

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