ZielIndex
ZielIndex is a financial metric used to evaluate the performance of a mutual fund or exchange-traded fund (ETF) relative to a benchmark index. It is calculated by subtracting the benchmark index's return from the fund's return and then dividing by the standard deviation of the fund's return. The resulting value represents the excess return per unit of risk taken by the fund. A higher ZielIndex indicates that the fund has generated a higher return relative to the risk taken, while a lower ZielIndex suggests the opposite.
The ZielIndex is particularly useful for investors who are interested in comparing the performance of different
In summary, ZielIndex is a valuable tool for investors seeking to evaluate the performance of mutual funds