Active Risk Calculations Monthly M Act. Risk Act. Risk 0.0109 0.0027 Monthly S 0.0381 0.0155 Annualized Active Risk 0.1491 0.0554 -Gross Returns--- Period Equity S&P500 Russell Active Active Fund 2000 Value Return vs. Return vs. S&P500 Russell 2000 Value 1 0.0116 0.0166 0.0095 -0.0050 0.0021