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Basic Question 2 of 14

Which terminologies refer to the same thing?

I. Active return.
II. Active risk.
III. Tracking risk.
IV. Tracking error.

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain sources of active risk and interpret tracking risk and the information ratio;

describe uses of multifactor models and interpret the output of analyses based on multifactor models;

describe the potential benefits for investors in considering multiple risk dimensions when modeling asset returns.

CFA® 2025 Level II Curriculum, Volume 5, Module 40.