The Formula for CVaR. Because CVaR uses data established by VaR, it’s important to calculate VaR first. Once a fund manager establishes VaR, they can then use that data to establish CVaR using the ...

In contrast, the maximum CVaR mean return portfolio typically consists of multiple assets. In addition, we illustrate that for the CVaR robust model, the distance between the actual mean-variance ...

CVAR is an actively managed all-cap value ETF with a 0.87% expense ratio and $31.50 million in assets under management. Read why CVAR ETF is a Sell.