Dividend Vision Academy
Advanced Analytics
The pro-grade metrics analysts use to judge fund performance. These guides break down alpha, correlation, R-squared, tracking error, and capture ratios — what each number means, where it comes from, and how to read it on a real fund. They're written for income investors evaluating funds, not quants, so you can tell genuine skill from a market tailwind.
Advanced Analytics
Alpha & Jensen's Alpha
Alpha measures the return a fund earned beyond what its risk exposure alone would explain. For income investors in low-beta dividend and covered-call ETFs, it is the fairest answer to "did this strategy actually add value?"
Advanced Analytics
Calmar Ratio, Ulcer Index & Drawdown Recovery
The Calmar ratio grades a fund's return against its worst drawdown, the Ulcer Index measures how deep and how long drawdowns actually felt, and recovery time tells you how long you sat underwater. Together they are the drawdown-based risk toolkit.
Advanced Analytics
Upside & Downside Capture Ratios
Capture ratios split a fund's performance into up-market months and down-market months, showing what share of the benchmark's gains you kept and what share of its losses you took. They are the clearest lens on the asymmetric deal inside covered-call and dividend funds.
Advanced Analytics
Correlation, Covariance & the Correlation Matrix
Correlation measures how closely two holdings move together, from −1 to +1. Covariance is its unscaled cousin, and the correlation matrix shows every pairing in your portfolio at once — the fastest way to spot a 'diversified' income portfolio that is really one bet in five wrappers.
Advanced Analytics
R-Squared
R-squared measures how much of a fund's movement is explained by its benchmark. It is the gatekeeper statistic that tells you whether a fund's beta and alpha are meaningful or just noise.
Advanced Analytics
Tracking Error, Information Ratio & Active Share
Tracking error measures how far a fund's returns wander from its benchmark, the information ratio asks whether that wandering paid off, and active share shows how different the holdings really are. Together they answer one question — how different is my fund from its index, and is the difference worth it?
Advanced Analytics
Treynor Ratio
The Treynor ratio measures how much excess return a fund earned for each unit of market risk it carried. It is the Sharpe ratio's sibling, built for judging holdings inside an already-diversified portfolio.
Ready to apply what you've learned?
Analyze a portfolio, compare funds, or screen for income — with the concepts from these guides built in.