Comparison of Risk vs. Return Metrics

What are Risk vs. Return Metrics?

Risk vs. Return Metrics are analytical tools used in finance to assess the relationship between the level of risk taken by an investment and the potential return generated from that investment.

Sharpe ratio vs. Calmar Ratio

	Sharpe ratio	Calmar Ratio
description	widely used measure of risk-adjusted return that is used to evaluate the performance of an investment portfolio or financial instrument. It compares the return of an investment to its volatility, which is measured by the standard deviation of returns.	risk-adjusted performance metric in investing that evaluates an investment's annualized return relative to its maximum drawdown.
numerator	excess return (above the risk-free rate)	excess return (above the risk-free rate)
denominator	standard deviation of return	3-year maximum drawdown
formula	https://www.investopedia.com/terms/s/sharperatio.asp#:~:text=The%20Sharpe%20ratio%20is%20calculated,of%20the%20portfolio's%20excess%20return.
SPY range