Last Price
$201.68
Market Cap
$4.9T
Vol (23d)
34.5%
L3 Res ER (α)
27.9%
Subsector
SMH
Systematic %
89%
Daily return attribution (2026-04-17)
Incremental factor returns (l1_fr, l2_fr, l3_fr) and L3 residual return (l3_rr) from ERM3 returns decomposition — not hedge ratios or explained risk. See Returns decomposition metrics.
L1 FR
0.0 bps
L2 FR
0.0 bps
L3 FR
0.0 bps
L3 RR
+167.9 bps
Gross return (same day): +167.9 bps — sum of components ≈ gross for simple daily returns.
RR
Deep Dive Snapshot
