{"url":"https://etfiq.com/academy/allocation-and-risk/","section":"academy","title":"Allocation and Risk: Free Intermediate ETF Course | ETFIQ","description":"Allocation and Risk: Risk in numbers, overlap, core and satellite, and full costs. 7 free lessons on real ETF data, with quizzes and a certificate.","as_of":"Nov 10, 2026","structured_data":[{"@type":"Course","@id":"https://etfiq.com/academy/allocation-and-risk/#course","name":"Allocation and Risk","description":"As of Nov 10, 2026, ETFIQ Academy\u2019s Allocation and Risk course has 7 free intermediate lessons on real ETF data, about 49 minutes in all.","url":"https://etfiq.com/academy/allocation-and-risk/","provider":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"educationalLevel":"Intermediate","inLanguage":"en","isAccessibleForFree":true,"offers":{"@type":"Offer","category":"Free","price":0,"priceCurrency":"USD"},"hasCourseInstance":{"@type":"CourseInstance","courseMode":"Online","courseWorkload":"PT49M"},"hasPart":[{"@type":"LearningResource","name":"Risk in numbers: volatility, worst fall, downside capture","url":"https://etfiq.com/academy/allocation-and-risk/risk-in-numbers/","position":1},{"@type":"LearningResource","name":"Risk-adjusted return: Sharpe, Sortino and Calmar","url":"https://etfiq.com/academy/allocation-and-risk/risk-adjusted-return/","position":2},{"@type":"LearningResource","name":"Allocation funds: what a stock-share band tells you","url":"https://etfiq.com/academy/allocation-and-risk/allocation-funds/","position":3},{"@type":"LearningResource","name":"Overlap and hidden concentration across your funds","url":"https://etfiq.com/academy/allocation-and-risk/overlap-hidden-concentration/","position":4},{"@type":"LearningResource","name":"Core and satellite: where theme funds fit","url":"https://etfiq.com/academy/allocation-and-risk/core-and-satellite/","position":5},{"@type":"LearningResource","name":"Fees, fully costed: expense ratio vs total cost","url":"https://etfiq.com/academy/allocation-and-risk/fees-fully-costed/","position":6},{"@type":"LearningResource","name":"Benchmarking a portfolio against a simple mix","url":"https://etfiq.com/academy/allocation-and-risk/benchmarking-a-portfolio/","position":7}],"dateModified":"2026-11-10"},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Academy","item":"https://etfiq.com/academy/"},{"@type":"ListItem","position":3,"name":"Allocation and Risk","item":"https://etfiq.com/academy/allocation-and-risk/"}]},{"@type":"WebPage","name":"Allocation and Risk: Free Intermediate ETF Course","description":"Allocation and Risk: Risk in numbers, overlap, core and satellite, and full costs. 7 free lessons on real ETF data, with quizzes and a certificate.","url":"https://etfiq.com/academy/allocation-and-risk/","dateModified":"2026-11-10","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2362,"truncated":false,"content":"ETFIQ / Academy / Allocation and Risk \n \n Allocation and Risk\n Data as of Nov 10, 2026. Rebuilt every trading night.\n As of Nov 10, 2026, ETFIQ Academy\u2019s Allocation and Risk course has 7 free intermediate lessons on real ETF data, about 49 minutes in all.\n Allocation and Risk \u00b7 7 lessons published 1 2 3 4 5 6 7 \n Start the course \n Lessons\n Risk in numbers: volatility, worst fall, downside capture Lesson 1, 7 minutes \n Risk-adjusted return: Sharpe, Sortino and Calmar Lesson 2, 7 minutes \n Allocation funds: what a stock-share band tells you Lesson 3, 7 minutes \n Overlap and hidden concentration across your funds Lesson 4, 7 minutes \n Core and satellite: where theme funds fit Lesson 5, 7 minutes \n Fees, fully costed: expense ratio vs total cost Lesson 6, 7 minutes \n Benchmarking a portfolio against a simple mix Lesson 7, 7 minutes \n Your progress\n 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. \n What you learn\n Volatility, worst fall and downside capture, and why a fall needs a bigger gain to repair\n Sharpe, Sortino and Calmar: what each divides by, and why they can disagree\n How a fund's stock share sets its band, and why two funds in one band can ride very differently\n Look-through weight: how holdings from several funds stack into one company\n Sizing a satellite by what it adds, what it costs and what it could lose\n The full cost to own: fee times years plus trading costs, and when each one matters most\n Judging a portfolio against the simple mix with the same stock share: same dates, several windows, risk and fees\n Where to next\n More in this track ETFIQ Academy For teachers: answer keys ETF explainers \n Cite this page. ETFIQ, Allocation and Risk: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/allocation-and-risk/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Allocation and Risk: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/allocation-and-risk/ APA ETFIQ. (Nov 10, 2026). Allocation and Risk: free ETF course. Retrieved from https://etfiq.com/academy/allocation-and-risk/ Markdown [Allocation and Risk: free ETF course (ETFIQ, Nov 10, 2026)](https://etfiq.com/academy/allocation-and-risk/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Allocation and Risk: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/allocation-and-risk/"}