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Calmar Ratio from Annualised Return and Max Drawdown Calculator

Calmar = Annualised return / |Max drawdown|.

Calculates the Calmar ratio = annualised return / |maximum drawdown|. Used to assess risk-adjusted performance for trend-following and hedge funds. Calmar > 1 is considered good.

Priya Venkatesan By Priya Venkatesan
Published Last reviewed 1 min read

Inputs

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Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

Calmar = Annual return / |Max drawdown|

In depth

Calculates the Calmar ratio = annualised return / |maximum drawdown|. Used to assess risk-adjusted performance for trend-following and hedge funds. Calmar > 1 is considered good.