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Sortino Ratio Calculator

Sortino = (R_p − R_target) / σ_downside.

Compute the Sortino ratio — a Sharpe-style risk-adjusted return that penalises only downside volatility (σ of returns below a target/MAR), not total volatility. Sortino = (portfolio_return − target_return) / downside_deviation. Defaults: 12 % return, 3 % MAR, 7 % downside σ.

Nadia Almasri By Nadia Almasri
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

Sortino = (R_p − R_target) / σ_downside.

In depth

Compute the Sortino ratio — a Sharpe-style risk-adjusted return that penalises only downside volatility (σ of returns below a target/MAR), not total volatility. Sortino = (portfolio_return − target_return) / downside_deviation. Defaults: 12 % return, 3 % MAR, 7 % downside σ.