ETF Series Jensen Alpha vs. Semi Variance

JUCY Etf  USD 24.87  0.15  0.60%   
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ETF Series Solutions has current Jensen Alpha of 0.01. Jensen alpha is a measure of the returns that are attributable to the managers' ability to select security and time the market. In other words, it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk-freerate.
Jensen Alpha 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
ER[a] = Expected return on investing in ETF Series
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between ETF Series and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

ETF Series Jensen Alpha Peers Comparison

ETF Series Jensen Alpha Relative To Other Indicators

ETF Series Solutions is rated below average in jensen alpha as compared to similar ETFs. It is currently under evaluation in semi variance as compared to similar ETFs .
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk-free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk-Free Rate)]. Anything remaining over and above is alpha.
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