{"id":12403,"date":"2020-07-28T23:23:18","date_gmt":"2020-07-28T15:23:18","guid":{"rendered":"https:\/\/\/?p=12403"},"modified":"2022-11-28T13:49:42","modified_gmt":"2022-11-28T05:49:42","slug":"what-is-sortino-ratio","status":"publish","type":"post","link":"https:\/\/\/what-is-sortino-ratio\/","title":{"rendered":"\u7d22\u63d0\u8afe\u6bd4\u7387(Sortino Ratio)\u662f\u4ec0\u9ebc\uff1f\u5982\u4f55\u8a08\u7b97\uff1f\u548c\u590f\u666e\u6bd4\u7387\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-12404\" src=/index.html"https:\/\/\/wp-content\/uploads\/20200711175405_36.jpg\" alt=\"\u4ec0\u9ebc\u662f\u7d22\u63d0\u8afe\u6bd4\u7387(Sortino Ratio)\uff1f\u5982\u4f55\u8a08\u7b97\uff1f\u548c\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f\" width=\"960\" height=\"502\" \/><\/p>\n<p><strong><span style=\"font-size: 16px;\">\u7d22\u4e01\u8afe\u6bd4\u7387<\/span>(Sortino Ratio)<\/strong>\u4e5f\u7a31<strong>\u7d22\u63d0\u8afe\u6bd4\u7387<\/strong>\uff0c<br \/>\n\u548c<a href=/index.html"https:\/\/\/what-sharpe-ratio\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u590f\u666e\u6bd4\u7387(Sharpe Ratio)<\/a>\u4e00\u6a23\uff0c\u90fd\u662f\u8861\u91cf\u627f\u53d7\u55ae\u4f4d\u98a8\u96aa\u80fd\u5275\u9020\u7684\u5831\u916c\u7684\u6307\u6a19\uff0c<br \/>\n\u5728<a href=/index.html"https:\/\/\/fund-01\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u6295\u8cc7<\/a>\u6216\u662f<a href=/index.html"https:\/\/\/how-asset-allocation-1\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8cc7\u7522\u914d\u7f6e<\/a>\u6642\uff0c\u7528\u4f86\u8861\u91cf\u6574\u500b\u6295\u8cc7\u7d44\u5408\u7e3e\u6548\u8207\u7a69\u5b9a\u6027\u3002<br \/>\n\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u4ecb\u7d39\u7d22\u63d0\u8afe\u6bd4\u7387(Sortino Ratio)\uff0c<\/p>\n<p>\u5206\u70ba\u4ee5\u4e0b\u5e7e\u500b\u90e8\u5206\uff1a<\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u4ec0\u9ebc\u662f\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\uff1f<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u548c\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u5982\u4f55\u8a08\u7b97\uff1f<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u4f7f\u7528\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<\/span><\/li>\n<\/ol>\n<p><!--more--><\/p>\n<h2>\u4ec0\u9ebc\u662f\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\uff1f<\/h2>\n<p>\u7d22\u4e01\u8afe\u6bd4\u7387(\u82f1\u6587: Sortino Ratio)\uff0c\u53c8\u7a31<span style=\"font-size: 16px;\">\u7d22\u63d0\u8afe\u6bd4\u7387<\/span>\uff0c\u9019\u662f\u57fa\u91d1\u6295\u8cc7\u6216\u8cc7\u7522\u914d\u7f6e\u6642\uff0c<br \/>\n\u7528\u4f86\u8861\u91cf\u6574\u500b\u6295\u8cc7\u7d44\u5408\u7e3e\u6548\u8207\u7a69\u5b9a\u6027\u7684\u91cd\u8981\u6307\u6a19\u3002<\/p>\n<p>\u7c21\u55ae\u4f86\u8aaa\uff0c\u5c31\u662f<strong>\u300c\u627f\u64d4\u55ae\u4f4d\u98a8\u96aa\u80fd\u5f97\u5230\u591a\u5c11\u5831\u916c\u300d<\/strong>\uff1f<\/p>\n<p>\u50b3\u7d71\u4e0a\uff0c\u98a8\u96aa\u6703\u7528\u5831\u916c\u7684\u6a19\u6e96\u5dee\u4f86\u8861\u91cf\u6ce2\u52d5\u6027\uff0c\u6a19\u6e96\u5dee\u8d8a\u5927\u4ee3\u8868\u6ce2\u52d5\u8d8a\u5927\uff0c\u4e5f\u5c31\u7b49\u65bc\u98a8\u96aa\u8d8a\u5927\uff0c<br \/>\n\u5c07\u4e00\u6bb5\u6642\u9593\u7684\u5831\u916c\u9664\u4ee5\u6a19\u6e96\u5dee\uff0c\u5c31\u80fd\u5f97\u5230\u55ae\u4f4d\u98a8\u96aa\u7684\u5831\u916c\uff0c\u9019\u5c31\u662f<a href=/index.html"https:\/\/\/what-sharpe-ratio\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u590f\u666e\u6bd4\u7387(Sharpe Ratio)<\/a>\u7684\u7531\u4f86\u3002<\/p>\n<p>\u4e0d\u904e\u4e5f\u6709\u4eba\u63d0\u51fa\u8cea\u7591\uff0c\u56e0\u70ba\u5c0d\u5927\u591a\u6578\u4eba\u4f86\u8aaa\uff0c\u6211\u5011\u4e26\u4e0d\u5728\u610f\u300c\u6b63\u5831\u916c\u7684\u98a8\u96aa\u300d\uff0c\u53ea\u5728\u610f\u300c\u8ca0\u5831\u916c\u7684\u98a8\u96aa\u300d\u3002<br \/>\n\u610f\u601d\u662f\u8cfa\u9322\u7684\u6642\u5019\uff0c\u5982\u679c\u77ed\u6642\u9593\u5927\u8cfa\uff0c\u5728\u7528\u6a19\u6e96\u5dee\u8861\u91cf\u6642\u6211\u5011\u6703\u628a\u4ed6\u5224\u5b9a\u6210\u9ad8\u98a8\u96aa\uff0c\u4f46\u73fe\u5be6\u4e2d\u6211\u5011\u4e26\u4e0d\u9019\u6a23\u89ba\u5f97\u3002<\/p>\n<p>\u65bc\u662f\uff0c\u7d22\u63d0\u8afe\u6bd4\u7387(Sortino Ratio)\u5c31\u662f\u7528\u4f86\u89e3\u6c7a\u9019\u500b\u554f\u984c\u3002<\/p>\n<p>\u5b83\u540c\u6a23\u662f\u8861\u91cf\u300c\u627f\u64d4\u55ae\u4f4d\u98a8\u96aa\u80fd\u5f97\u5230\u591a\u5c11\u5831\u916c\u300d\uff0c\u4f46\u5dee\u5225\u5728\u65bc\u5728\u8a08\u7b97\u98a8\u96aa\u6642\uff0c\u53ea\u770b\u7684\u662f\u300c\u8ca0\u5831\u916c\u7684\u6a19\u6e96\u5dee\u300d\uff0c\u4e5f\u5c31\u662f\u53ea\u8003\u616e\u8667\u640d\u7684\u6ce2\u52d5\u5927\u5c0f\u7684\u610f\u601d\uff0c<br \/>\n\u6703\u7528\u7e3e\u6548\u504f\u96e2\u5e73\u5747\u8dcc\u5e45\u7684\u7a0b\u5ea6\uff0c\u4f86\u8861\u91cf\u6ce2\u52d5\u7387\u7684\u5927\u5c0f\uff0c<br \/>\n\u56e0\u6b64\u6211\u5011\u4e5f\u53ef\u4ee5\u628a\u5b83\u60f3\u50cf\u6210\u662f\u300c\u53ea\u770b\u8667\u640d(\u6216\u8005\u8aaa\u8dcc\u5e45)\u7684\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u300d\u3002<\/p>\n<p>\u5b83\u4e5f\u662f\u8a31\u591a\u6295\u8cc7\u4eba\u3001\u5206\u6790\u5e2b\u3001\u6295\u8cc7\u7d44\u5408\u7d93\u7406\u7528\u4f86\u8a55\u4f30\u6295\u8cc7\u7d44\u5408\u98a8\u96aa\u7684\u8868\u73fe\uff0c<br \/>\n\u7576\u8655\u65bc\u9ad8\u98a8\u96aa\u72c0\u6cc1\u4e0b\uff0c\u8861\u91cf\u6295\u8cc7\u6536\u76ca\u7684\u4e00\u7a2e\u65b9\u6cd5\u3002<\/p>\n<h2>\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u5982\u4f55\u8a08\u7b97\uff1f<\/h2>\n<blockquote><p><strong>\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)<\/strong>= (\u671f\u9593\u5167\u5e73\u5747\u5831\u916c &#8211; \u6700\u4f4e\u53ef\u63a5\u53d7\u7684\u5831\u916c) \u00f7 \u8667\u640d\u6642\u7684\u98a8\u96aa\u7a0b\u5ea6<br \/>\n\u5176\u4e2d\uff0c<br \/>\n\u8667\u640d\u6642\u7684\u98a8\u96aa\u7a0b\u5ea6 = \u53ea\u8a08\u7b97\u8ca0\u5831\u916c\u7684\u6a19\u6e96\u5dee<\/p><\/blockquote>\n<p>Sortino Ratio\u5728\u8a08\u7b97\u6642\uff0c\u5206\u5b50\u662f\u6536\u76ca\u6307\u6a19\uff0c\u800c\u5206\u6bcd\u662f\u98a8\u96aa\u6307\u6a19\uff0c<br \/>\n\u4e0d\u8003\u616e\u6295\u8cc7\u7684\u7e3d\u6ce2\u52d5\u6027\uff0c\u4e3b\u8981\u662f\u8861\u91cf\u6295\u8cc7\u65bc\u5411\u4e0b\u504f\u5dee\u7684\u8868\u73fe\u3002<\/p>\n<p>Sortino\u7684\u7406\u8ad6\u8a8d\u70ba\uff0c\u4e0a\u884c\u6ce2\u52d5\u7387(\u6b63\u5831\u916c\u7684\u6ce2\u52d5\u7a0b\u5ea6)\u662f\u6295\u8cc7\u7684\u52a0\u5206\u9805\uff0c\u56e0\u6b64\u4e0d\u61c9\u5305\u62ec\u5728\u98a8\u96aa\u8a08\u7b97\u4e2d\uff0c<br \/>\n\u6240\u4ee5\u5c07\u4e0a\u884c\u6ce2\u52d5\u7387\u5f9e\u516c\u5f0f\u4e2d\u5254\u9664\uff0c\u8a08\u7b97\u6642\u53ea\u7528\u4e0b\u884c\u7684\u6a19\u6e96\u5dee(\u8ca0\u5831\u916c\u7684\u6ce2\u52d5\u7a0b\u5ea6)\uff0c\u800c\u4e0d\u8a08\u7b97\u590f\u666e\u6bd4\u7387\u4f7f\u7528\u7684\u7e3d\u6a19\u6e96\u5dee\u3002<\/p>\n<p>\u8a08\u7b97\u51fa\u7684Sortino Ratio\u6578\u503c\u8d8a\u9ad8\u8d8a\u597d\uff0c\u4ee3\u8868\u6574\u9ad4\u6295\u8cc7\u7d44\u5408\u98a8\u96aa\u76f8\u5c0d\u8d8a\u4f4e\u3002<\/p>\n<h2>\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u548c\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/h2>\n<p>Sortino Ratio\u548cSharpe Ratio\u6700\u5927\u7684\u5dee\u7570\uff0c\u5728\u65bc\u4e00\u500b\u8a08\u7b97\u6574\u9ad4\u6a19\u6e96\u5dee\uff0c\u4e00\u500b\u537b\u7528\u4e0b\u504f\u5dee\u8a08\u7b97\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u7d22\u4e01\u8afe\u6bd4\u7387Sortino Ratio<\/strong>\uff1a\u5831\u916c\u9664\u4ee5\u4e0b\u884c\u98a8\u96aa(\u8ca0\u5831\u916c\u7684\u98a8\u96aa)<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u590f\u666e\u6bd4\u7387Sharpe Ratio<\/strong>\uff1a\u5831\u916c\u9664\u4ee5\u7e3d\u98a8\u96aa(\u542b\u4e0a\u884c\u8207\u4e0b\u884c\u3001\u6b63\u8ca0\u5831\u916c\u90fd\u542b\u6a19\u6e96\u5dee\u8a08\u7b97\u5728\u5167)<\/span><\/li>\n<\/ul>\n<p>Sortino Ratio\u548cSharpe Ratio\u540c\u6642\u8003\u616e\u4e86\u98a8\u96aa\u548c\u5831\u916c\u7684\u95dc\u4fc2\uff0c<br \/>\n\u4f46Sortino Ratio\u4e26\u4e0d\u4ee5\u6a19\u6e96\u5dee\u70ba\u98a8\u96aa\u4ee3\u8868\u6307\u6a19\uff0c\u800c\u662f\u7528\u4e0b\u65b9\u6a19\u6e96\u5dee\uff0c<br \/>\n\u4e5f\u5c31\u662f\u6295\u8cc7\u7d44\u5408\u504f\u96e2\u5176\u5e73\u5747\u8dcc\u5e45\u7684\u7a0b\u5ea6\uff0c\u7528\u9019\u500b\u4f86\u5340\u5206\u6ce2\u52d5\u7684\u5927\u5c0f\u3002<\/p>\n<p>\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/what-sharpe-ratio\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u4ec0\u9ebc\u662f\u590f\u666e\u7387(Sharpe Ratio)\uff1f<\/a><\/p>\n<p>\u5be6\u52d9\u4e0a\uff0c\u9019\u5169\u500b\u6307\u6a19\u901a\u5e38\u662f\u6b63\u6bd4\u95dc\u4fc2\uff0c<br \/>\n\u4e00\u500b\u6295\u8cc7\u7b56\u7565\u6216\u57fa\u91d1\u7684\u590f\u666e\u6bd4\u7387\u9ad8\uff0c\u7d22\u4e01\u8afe\u6bd4\u7387\u4e5f\u6703\u9ad8\u3002<\/p>\n<p>\u4e00\u822c\u4f86\u8aaa\uff0c\u7d22\u4e01\u8afe\u6bd4\u7387\u7684\u6578\u5b57\u5f80\u5f80\u90fd\u6703\u6bd4\u590f\u666e\u6bd4\u7387\u66f4\u9ad8\u4e00\u9ede\u3002<br \/>\n\u5169\u9019\u4e4b\u9593\u4e26\u6c92\u6709\u76f4\u63a5\u7684\u53ef\u6bd4\u6027\uff0c\u901a\u5e38\u64c7\u4e00\u89c0\u5bdf\u5373\u53ef\uff0c<br \/>\n\u5927\u591a\u6642\u5019\u6211\u5011\u90fd\u9084\u662f\u6703\u4f7f\u7528\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u5c45\u591a\uff0c\u539f\u56e0\u662f\u5b83\u662f\u6700\u539f\u59cb\u7684\u6578\u64da\uff0c\u6c92\u6709\u7d93\u904e\u4ec0\u9ebc\u8abf\u6574\u548c\u6f64\u98fe\u3002<br \/>\n\u5373\u4f7f\u8981\u770b\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\uff0c\u4e5f\u540c\u6642\u6703\u7559\u610f\u590f\u666e\u6bd4\u7387\u3002<\/p>\n<blockquote><p>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u5169\u7a2e\u6307\u6a19\u4f7f\u7528\u6642\u6a5f\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/p>\n<p>\u4e00\u822c\u4f86\u8aaa\uff0c\u5728\u8861\u91cf\u4f4e\u6ce2\u52d5\u7684\u6295\u8cc7\u7d44\u5408\u6642\uff0c\u6703\u7528\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\uff1b<br \/>\n\u800c\u5728\u8861\u91cf\u9ad8\u6ce2\u52d5\u3001\u76c8\u8667\u6bd4\u7387\u76f8\u7576\u4e0d\u5c0d\u7a31\u7684\u6295\u8cc7\u7d44\u5408\u6642\uff0c\u6703\u7528\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u3002<\/p>\n<p>\u4f8b\u5982\u4ee5\u4e0b\u5169\u7a2e\u7b56\u7565\u985e\u578b\uff0c\u7528\u7d22\u4e01\u8afe\u6bd4\u7387\uff0c\u53ef\u80fd\u6703\u5f97\u5230\u66f4\u597d\u98a8\u96aa\u5831\u916c\u7684\u8861\u91cf\u3002<br \/>\n1. \u52dd\u7387\u4f4e\u3001\u5927\u8cfa\u5c0f\u8ce0\u7684\u7b56\u7565\uff0c<br \/>\n2. \u52dd\u7387\u9ad8\u3001\u5c0f\u8cfa\u5927\u8ce0\u7684\u7b56\u7565\uff0c<\/p>\n<p>\u9019\u985e\u578b\u7b56\u7565\u7684\u7e3e\u6548\u8d70\u52e2\u4e2d\uff0c\u7372\u5229\u6642\u671f\u8207\u8667\u640d\u6642\u671f\u7684\u7279\u6027\u6703\u76f8\u7576\u7684\u4e0d\u5c0d\u7a31\uff0c\u56e0\u6b64\u7528\u7d22\u4e01\u8afe\u6bd4\u7387\u6709\u6a5f\u6703\u5f97\u5230\u66f4\u597d\u7684\u5831\u916c\u98a8\u96aa\u8861\u91cf\u3002<\/p><\/blockquote>\n<h2>\u4f7f\u7528\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<\/h2>\n<p>\u4f7f\u7528\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u6642\u8981\u6ce8\u610f\uff1a<\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u5206\u6790\u6295\u8cc7\u7d44\u5408\u6536\u76ca\u7684\u6642\u9593\uff0c\u5efa\u8b70\u4ee5\u9577\u671f\u70ba\u53c3\u8003\u4f9d\u64da\uff0c\u76e1\u53ef\u80fd\u5305\u542b\u591a\u982d\u7a7a\u982d\u8207\u5404\u7a2e\u72c0\u6cc1\uff0c\u82e5\u53c3\u8003\u671f\u9650\u592a\u77ed\uff0c\u7121\u6cd5\u770b\u51fa\u771f\u6b63\u7684\u98a8\u96aa\u3002\u5982\u679c\u6709\u4eba\u7d66\u4f60\u770bSortino Ratio\u7684\u6578\u64da\uff0c\u4e5f\u52d9\u5fc5\u8981\u4e86\u89e3\u5b83\u53d6\u6a23\u6642\u9593\u9577\u77ed\u3001\u5305\u542b\u54ea\u4e9b\u884c\u60c5\u6642\u9593\u9ede\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8981\u8861\u91cf\u8cc7\u7522\u7684\u6d41\u52d5\u6027\uff0c\u4f8b\u5982\u6709\u4e9b\u6295\u8cc7\u7d44\u5408\u53ef\u80fd\u770b\u8d77\u4f86\u98a8\u96aa\u8f03\u4f4e\uff0c\u4f46\u9019\u53ef\u80fd\u662f\u7531\u65bc\u8f03\u7f3a\u4e4f\u6d41\u52d5\u6027\uff0c\u4f8b\u5982\u5c0f\u76e4\u80a1\u6216\u5c0d\u79c1\u4eba\u516c\u53f8\u7684\u6295\u8cc7\uff0c\u5982\u679c\u5c07\u9019\u4e9b\u5305\u542b\u5728\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u53ef\u80fd\u6703\u63d0\u9ad8Sortino Ratio\u6578\u503c\uff0c\u8b93\u8abf\u6574\u5f8c\u7684\u98a8\u96aa\u6536\u76ca\u770b\u8d77\u4f86\u6bd4\u5be6\u969b\u60c5\u6cc1\u66f4\u597d\uff0c\u9019\u6a23\u5c31\u6703\u5931\u6e96\u3002<\/span><\/li>\n<\/ol>\n<p>\u8981\u8a18\u5f97\uff0c\u7121\u8ad6\u54ea\u7a2e\u60c5\u6cc1\uff0c\u7372\u5229\u8207\u8667\u640d\u7684\u6a23\u672c\u90fd\u8981\u5145\u8db3\u3002<\/p>\n<p>\u7562\u7adf\u7684\u78ba\u6709\u53ef\u80fd\u51fa\u73fe\u5c11\u6578\u5e7e\u7b46\u62c9\u9ad8\u4e86\u6574\u9ad4\u5831\u916c\u7684\u53ef\u80fd\uff0c\u4f46\u554f\u984c\u5728\u65bc\u9019\u4e9b\u7e3e\u6548\u672a\u4f86\u662f\u5426\u4ecd\u53ef\u91cd\u8907\u8907\u88fd\uff1f\u9019\u624d\u662f\u6211\u5011\u7b97\u51fa\u590f\u666e\u6bd4\u7387\u53ca\u7d22\u4e01\u8afe\u6bd4\u7387\u7684\u610f\u7fa9\u3002<\/p>\n<h2>\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u5feb\u901f\u91cd\u9ede\u6574\u7406<\/h2>\n<ol>\n<li><span style=\"font-size: 16px;\">\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u7528\u4f86\u8861\u91cf\u6bcf\u55ae\u4f4d\u98a8\u96aa\uff0c\u53ef\u4ee5\u7522\u751f\u591a\u5c11\u6536\u76ca\uff0c\u8a08\u7b97\u6642\u4e0d\u8003\u616e\u6295\u8cc7\u7684\u7e3d\u6ce2\u52d5\u6027\uff0c\u4e3b\u8981\u662f\u8861\u91cf\u6295\u8cc7\u65bc\u5411\u4e0b\u504f\u5dee\u7684\u8868\u73fe\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u8a08\u7b97\u6574\u500b\u6295\u8cc7\u7d44\u5408\u7684\u6a19\u6e96\u5dee\uff0c\u800c\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u53ea\u8a08\u7b97\u6295\u8cc7\u7d44\u5408\u7684\u98a8\u96aa\u5dee(\u4e0b\u504f\u5dee)\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u88ab\u8a8d\u70ba\u66f4\u80fd\u53cd\u61c9\u6295\u8cc7\u7d44\u5408\u98a8\u96aa\u8abf\u6574\u5f8c\u7684\u8868\u73fe\uff0c\u8f03\u8457\u91cd\u5728\u6295\u8cc7\u4eba\u95dc\u5fc3\u7684\u640d\u5931\u5927\u5c0f\uff0c\u56e0\u6b64\u4e5f\u662f\u671f\u8ca8\u57fa\u91d1\u5e38\u7528\u7684\u98a8\u96aa\u5831\u916c\u8861\u91cf\u6307\u6a19\u4e4b\u4e00\u3002<\/span><\/li>\n<\/ol>\n\n<p>\u66f4\u591a\u6295\u8cc7\u7d44\u5408\u6559\u5b78\uff0c<br \/>\n\u53ef\u4ee5\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/learn-etf-all\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">ETF\u6295\u8cc7\u6559\u5b78\u61f6\u4eba\u5305<\/a><\/p>\n<p>\u66f4\u591a\u76f8\u95dc\u6587\u7ae0\uff1a<\/p>\n<p>1.\u00a0<a href=/index.html"https:\/\/\/fund-indicator-3\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8a55\u4f30\u57fa\u91d1\u98a8\u96aa\u76843\u5927\u6307\u6a19\u300b\u590f\u666e\u503c\u3001\u6a19\u6e96\u5dee\u3001Beta\u503c<\/a><\/p>\n<p>2.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u8cb7\u57fa\u91d1\u96f6\u624b\u7e8c\u8cbb\u7684\u958b\u6236\u6559\u5b78<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/blog-pos-17\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6295\u8cc7\u65b0\u624b\u300b\u6211\u8981\u600e\u9ebc\u958b\u59cb\u5b78\u6295\u8cc7\uff1f<\/a><\/p>\n<p>4.\u00a0<a href=/index.html"https:\/\/\/blog-page_30\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6295\u8cc7\u597d\u66f8\u300b\u5206\u4eab\u6211\u7684\u6295\u8cc7\u66f8\u55ae<\/a><\/p>\n<p>5.\u00a0<a href=/index.html"https:\/\/\/stock-commission-fee\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8cb7\u80a1\u7968\u624b\u7e8c\u8cbb\u600e\u9ebc\u8a08\u7b97\uff1f\u5982\u4f55\u8ac7\u5230\u6298\u6263\u6700\u4f4e\u7684\u624b\u7e8c\u8cbb\uff1f<\/a><\/p>\n\u7de8\u8f2f\uff1aJoy \u4e3b\u7de8\uff1a\u5e02\u5834\u5148\u751f\n<p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41\u7dda\u4e0a\u8ab2\u7a0b\u9023\u7d50<\/a><\/p>\n<p><br \/><strong><span style=\"color: #ff0000;\">\u5982\u679c\u89ba\u5f97\u9019\u7bc7\u6587\u7ae0\u6709\u5e6b\u52a9\uff0c<\/span><\/strong><br \/><strong><span style=\"color: #ff0000;\">\u5e6b\u6211\u6309\u500b\u8b9a\uff0c\u5206\u4eab\u7d66\u66f4\u591a\u4eba\u770b\u5230\uff0c\u8b1d\u8b1d\uff01<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7d22\u4e01\u8afe\u6bd4\u7387(Sortino Ratio)\u4e5f\u7a31\u7d22\u63d0\u8afe\u6bd4\u7387\uff0c \u548c\u590f\u666e\u6bd4\u7387(Sharpe Ratio)\u4e00\u6a23\uff0c\u90fd\u662f\u8861\u91cf [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[155],"tags":[701,702,703,704],"table_tags":[],"modified_by":"Mr.Market\u5e02\u5834\u5148\u751f","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/\/wp-content\/uploads\/20200711175405_36.jpg","jetpack-related-posts":[{"id":31599,"url":"https:\/\/\/what-is-information-ratio\/","url_meta":{"origin":12403,"position":0},"title":"\u8cc7\u8a0a\u6bd4\u7387\u662f\u4ec0\u9ebc\uff1f\u8cc7\u8a0a\u6bd4\u7387\u516c\u5f0f\u5982\u4f55\u8a08\u7b97\uff1f\u548c\u590f\u666e\u6bd4\u7387\u5dee\u7570\u5728\u54ea\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2022-01-30","format":false,"excerpt":"\u8cc7\u8a0a\u6bd4\u7387(Information 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2x"},"classes":[]},{"id":16169,"url":"https:\/\/\/what-is-debt-to-equity-ratio\/","url_meta":{"origin":12403,"position":1},"title":"\u8ca0\u50b5\u6b0a\u76ca\u6bd4\u662f\u4ec0\u9ebc\uff1f\u8ca0\u50b5\u8d8a\u4f4e\u771f\u7684\u8d8a\u597d\u55ce\uff1f\u5982\u4f55\u67e5\u8a62\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2021-01-15","format":false,"excerpt":"\u8ca0\u50b5\u6b0a\u76ca\u6bd4(Debt-To-Equity 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