Downside Capture Ratio
Downside Capture Ratio (DCR) is a measure of how much of a market's negative moves a portfolio or fund experiences relative to a chosen benchmark.
Example: During a market downturn, the portfolio posted a -6% return while the benchmark fell -8%; the Downside Capture Ratio would be (-6%)/(-8%) = 0.75, implying the portfolio captured 75% of the benchmark's downside.
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