The keys in the next table present the possible types of risk figures which could be used in the generic ELBENCHMARKMEASURE function.

Note: the letter case has no influence on the functions.

Key Description
tracking-error returns the tracking error of a portfolio to a benchmark
l2-distance returns the euclidian distance between the portfolio and benchmark returns
beta returns the linear relationship between the portfolio and the benchmark returns. If the benchmark return increases by 1 unit, the portfolio return will increase by beta.
correlation returns the correlation between the portfolio and the benchmark.