Graham-Harvey Measure 2
Performance measure developed by John Graham and Campbell Harvey. The idea is to lever the S&P 500 portfolio to exactly match the volatility of the fund. The difference between the fund's return and the levered S&P 500 return is the performance measure.
Nearby TermsGraham and Dodd method of investing Graham-Harvey Measure 1 Graham-Harvey Measure 2 Gramm-Leach-Bliley Act Grandfather clause
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University