{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u300a\u8a08\u91cf\u5206\u6790\u300b\u6211\u5e38\u7528\u7684\u51b7\u9580ETF\u8a08\u91cf\u5206\u6790\u5de5\u5177 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/510174\">\u300a\u8a08\u91cf\u5206\u6790\u300b\u6211\u5e38\u7528\u7684\u51b7\u9580ETF\u8a08\u91cf\u5206\u6790\u5de5\u5177<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/510174\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u300a\u8a08\u91cf\u5206\u6790\u300b\u6211\u5e38\u7528\u7684\u51b7\u9580ETF\u8a08\u91cf\u5206\u6790\u5de5\u5177&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2021\/03\/arkk_graph.png","thumbnail_width":1169,"thumbnail_height":620,"description":"\u9023\u767b\u5951\u5abdCathie Wood\u65d7\u4e0b\u7684ETF\u2014ARKK\u8fd1\u4e00\u500b\u6708\u98df\u4e86\u4e0d\u5c11drawdown\uff0c\u4ee4\u4e00\u500b\u8001\u751f\u5e38\u8ac7\u7684\u554f\u984c\u53c8\u518d\u51fa\u73fe\uff1a\u7a76\u7adf\u4e3b\u52d5\u578b\u7684ARKK\u597d\uff0c\u9084\u662f\u88ab\u52d5\u578b\u7684SPY\u597d\uff1f \u672c\u6587\u6703\u4ee5\u4e00\u500b\u9577\u63f8\u7684\u89d2\u5ea6\u5206\u6790\u9019\u500b\u554f\u984c\u3002\u5728\u65b0\u66f8\u4e2d\u90fd\u6709\u63d0\u904e\uff0c\u8981\u6bd4\u8f03\u8cc7\u7522\u56de\u5831\u7684\u8868\u73fe\uff0c\u6700\u91cd\u8981\u6709\u5e7e\u500b\u8a08\u91cf\uff08metrics\uff09\u8981\u770b\uff0c\u5305\u62ecCalmar ratio\u3001Sharpe ratio\u3001\u5e74\u56de\u5831\u53ca\u6700\u5927\u56de\u64a4\uff08MDD\uff09\u3002\u4f7f\u7528python\u8a08\u7b97\u7576\u7136\u6c92\u6709\u554f\u984c\uff0c\u4f46\u5982\u679c\u670b\u53cb\u554f\u8d77\uff0c\u6216\u60f3\u5feb\u901f\u6bd4\u8f03\u4e0a\u8ff0\u6578\u5b57\uff0cpython\u986f\u7136\u4e0d\u5920\u65b9\u4fbf\u3002\u56e0\u6b64\uff0c\u6211\u6703\u4ecb\u7d39\u4e00\u500b\u5728\u5b78\u754c\u548c\u696d\u754c\u90fd\u975e\u5e38\u6b0a\u5a01\u7684\u6578\u64da\u5eab\uff1aMorningstar ETF\u5206\u6790\u5de5\u5177\u3002 \u9019\u500b\u7db2\u7ad9\u6709\u514d\u8cbb\u548c\u6536\u8cbb\u7248\u672c\uff0c\u5728\u4e0d\u767b\u8a18\u7684\u60c5\u6cc1\u4e0b\u4f7f\u7528\u514d\u8cbb\u7248\u672c\u5df2\u7d93\u53ef\u4ee5\u5feb\u901f\u5730\u67e5\u770b\u4e0a\u8ff0\u6578\u5b57\u3002\u4ee5\u4e0b\u4f7f\u7528ARKK\u4f5c\u70ba\u4f8b\u5b50\u3002 \u9996\u5148\u5728\u7db2\u9801\u4e2d\u641c\u5c0bETF\u7684\u7c21\u5beb\u7de8\u865f\uff08ARKK\uff09\uff0c\u7136\u5f8c\u9078\u64c7\u76f8\u61c9\u7684ETF\u5373\u53ef\u3002 \u9801\u9762\u6709\u4e0d\u540c\u7684tab\uff0c\u9078\u64c7Performance tab\uff0c\u518d\u5230Trailing Returns\u7684\u8868\u683c\uff0c\u4f7f\u7528\u9810\u8a2d\u7684Day End\u65b9\u6cd5\u8a08\u7b97\u5e74\u56de\u5831\u5373\u53ef\u3002\u57f7\u7b46\u6642\u9593\u7684\u56de\u5831\u622a\u81f3\u672c\u5e743\u67085\u65e5\uff0c\u5e74\u56de\u583147%\u3002 \u63a5\u7740\u5c31\u53ef\u4ee5\u6309Risk tab\uff0c\u67e5\u770b\u4e0d\u540c\u8a08\u91cf\u3002\u57f7\u7b46\u6642\u9593\u76845\u5e74MDD\u8a08\u7b97\u622a\u81f3\u672c\u5e742\u670828\u65e5\uff0c\u6578\u503c\u723223%\u3002\u8981\u7559\u610f\uff0c\u7db2\u7ad9\u4e26\u6c92\u6709\u6a19\u660eMDD\u7684\u6642\u9593\u6846\uff08timeframe\uff09\uff0c\u4ea6\u5373\u6211\u5011\u4e0d\u77e5\u9053MDD\u662f\u4ee5\u65e5\/\u6708\/\u5e74\u6578\u64da\u4f86\u8a08\u7b97\uff0c\u4f46\u4f5c\u70ba\u4e00\u500bhandy\u7684\u65b9\u6cd5\uff0c\u5df2\u76f8\u7576\u6709\u53c3\u8003\u50f9\u503c\u3002 \u7531\u6b64\uff0c\u6211\u5011\u53ef\u4ee5\u8a08\u7b97\u51faARKK\u7684Calmar ratio~=47%\/23%~=2\u500d\uff08\u4f7f\u7528\u5927\u7d04\u7b49\u65bc\uff0c\u56e0\u70ba\u5e74\u56de\u5831\u8207MDD\u622a\u6578\u65e5\u671f\u6709\u6578\u5929\u7684\u5dee\u7570\uff09\uff0c\u6578\u503c\u76f8\u7576\u4e0d\u932f\u3002 \u6700\u5f8c\uff0c\u6211\u5011\u4e5f\u53ef\u4ee5\u5728\u540c\u4e00tab\u5167\u67e5\u770bSharpe ratio\uff0c\u4e94\u5e74\u5167\u6578\u503c\u70ba1.5\u3002\u540c\u6a23\u6211\u5011\u4e5f\u4e0d\u6e05\u695atimeframe\u70ba\u4f55\uff0c\u4f46\u53ef\u4ee5\u4f7f\u7528\u9019\u500b\u6578\u503c\u5728\u7db2\u7ad9\u6bd4\u8f03\u4e0d\u540c\u7684\u7f8e\u570bETF\u3002 \u7136\u5f8c\uff0c\u5728\u540c\u4e00\u7db2\u7ad9\uff0c\u53ef\u4ee5\u8a08\u7b97\/\u641c\u5c0bSPY\u7684Calmar\u53caSharpe ratio\uff0c\u6578\u503c\u5206\u5225\u70ba0.8\u548c1.0\uff0c\u53ef\u898b\u5373\u4f7f\u8fd1\u65e5ARKK\u51fa\u73fe\u986f\u8457\u8dcc\u52e2\uff0c\u4ee5\u9577\u63f8\u89d2\u5ea6\u800c\u8a00ARKK\u90fd\u52dd\u65bcSPY\u3002 \u4f46\u662f\uff0cARKK\u8457\u5be6\u6709sector risk\uff0cinnovation tech\u7576\u7092\u6642\uff0c\u5c31\u8cfa\u591a\u4e00\u9ede\uff0c\u4f46\u5168\u884c\u5165\u718a\u5e02\uff0c\u8dcc\u5e45\u53ef\u6bd4SPY\u9ad8\uff0c\u9019\u4e5f\u53cd\u6620\u5728ARKK\u8f03\u9ad8\u76845\u5e74MDD\u4e2d\u3002 \u9019\u500bdatabase\u4e26\u975e\u500b\u500b\u77e5\uff0c\u4e0d\u5c11\u7092\u7f8e\u80a1\u7684\u6563\u6236\u4e5f\u6c92\u6709\u807d\u904e\uff0c\u4f46\u5be6\u7528\u6027\u76f8\u7576\u9ad8\uff0c\u4e5f\u5f88handy\u3002\u9664\u4e86\u4e0a\u8ff0\u5e38\u7528\u7684\u6307\u6a19\u5916\uff0cdatabase\u9084\u6709\u4e0d\u5c11\u6709\u7528\u7684\u8a08\u91cf\uff0c\u4f8b\u5982alpha\/beta\uff0c\u5f88\u9069\u5408\u5728\u6c7a\u5b9a\u9577\u63f8\u54ea\u96bbETF\u524d\u53c3\u8003\u3002 \u4e0b\u6b21\u518d\u5206\u4eab\u5c0f\u5f1f\u5e38\u7528\u7684\u51b7\u9580\u6578\u64da\u5eab\u3002 Morningstar link: https:\/\/www.morningstar.com\/"}