Upside capture
How much of the benchmark's gains the portfolio took on the days the benchmark rose.
Formula
Upside capture = Mean return on up days ÷ Benchmark's mean return on those days
How to read it
Above 100% gained more than the index on its good days.
How to use it
Read with downside capture: the gap between the two is the asymmetry.
In Kereon
Portfolio. Over the benchmark's up days in the portfolio's price history; needs more than five of them.
Also called: upside capture, up capture.