Calculate Jensen's alpha for portfolio performance.
Measure your portfolio's risk-adjusted performance and determine if your investments outperformed the market
Enter your portfolio and market data to calculate alpha
Annual return of your portfolio
Treasury bill or government bond rate
Return of market benchmark (e.g., S&P 500)
Portfolio's sensitivity to market movements
α = Rp - [Rf + β × (Rm - Rf)]
Portfolio outperformed the market on a risk-adjusted basis
Portfolio performed exactly as expected given its risk level
Portfolio underperformed the market on a risk-adjusted basis
A risk-adjusted performance measure that represents the average return on a portfolio over and above that predicted by the capital asset pricing model (CAPM).
Save your calculations and get detailed breakdowns