Lessons
- Risk in numbers: volatility, worst fall, downside capture Lesson 1, 7 minutes
- Risk-adjusted return: Sharpe, Sortino and Calmar Lesson 2, 7 minutes
- Allocation funds: what a stock-share band tells you Lesson 3, 7 minutes
- Overlap and hidden concentration across your funds Lesson 4, 7 minutes
- Core and satellite: where theme funds fit Lesson 5, 7 minutes
- Fees, fully costed: expense ratio vs total cost Lesson 6, 7 minutes
- Benchmarking a portfolio against a simple mix Lesson 7, 7 minutes
Your progress
Finish all 7 lessons and get 2 of 3 right on each quiz to earn the course certificate.0 of 7 lessons passed on this device.
What you learn
- Volatility, worst fall and downside capture, and why a fall needs a bigger gain to repair
- Sharpe, Sortino and Calmar: what each divides by, and why they can disagree
- How a fund's stock share sets its band, and why two funds in one band can ride very differently
- Look-through weight: how holdings from several funds stack into one company
- Sizing a satellite by what it adds, what it costs and what it could lose
- The full cost to own: fee times years plus trading costs, and when each one matters most
- Judging a portfolio against the simple mix with the same stock share: same dates, several windows, risk and fees