
Performance Measurement and Attribution

Performance Measurement and Attribution
Performance measurement and attribution aim to measure portfolio performance and identify the sources of that performance. Understanding the drivers of risk and return in a portfolio is a critical part of the investment management process as well as an informative tool for evaluating whether a manager’s performance is due to luck, style drift, or skill. On this page, we provide an array of performance measurement and attribution topics and additional resources for deepening your expertise.

Performance Attribution: History and Progress

How Do Firms Treat Errors in Investment Performance?

Maximum Drawdowns as Predictor of Mutual Fund Performance

Risk-Adjusted Performance Measures

Hedged Mutual Funds and Competition for Sources of Alpha

Performance Evaluation: Return Measurement and Data Integrity

Active Share and the Predictability of the Performance of Separate Account
