V12 New Fund Metrics Reference
Stock Rover V12 adds specialized new metrics to the platform, focused heavily on fixed income funds, distributions, and tax efficiency. While the majority of these additions are engineered specifically for ETFs and Mutual Funds, the new distribution and long term dividend metrics apply to individual stocks as well. Below is the full reference of these new metrics and their comprehensive definitions, mapped to their appropriate Stock Rover Metric Browser folders.
Metrics Reference: To explore the complete catalog of metrics available in the platform, visit our Metric Browser overview.
V12 Fund & Distribution Metrics Reference
| Metric Name | Metric Definition |
|---|---|
| FOLDER: Dividends | |
| Dividend 15 Year Avg% | The annualized growth rate of dividends per share over the past 15 years (compound annual growth rate). A long-run measure of dividend durability through multiple market cycles. (Applies to Stocks, ETFs, and Funds) |
| Dividend 20 Year Avg% | The annualized growth rate of dividends per share over the past 20 years (compound annual growth rate). The longest dividend-growth horizon, spanning roughly two decades of payout history. (Applies to Stocks, ETFs, and Funds) |
| FOLDER: ETF & Fund Holding Statistics | |
| Average Bond Price | The average price of the bonds held, per 100 of face value. Below 100 means the portfolio trades at a discount to par; above 100, a premium. |
| Average Coupon | The average stated interest rate of the bonds held. Low coupons relative to yield to maturity indicate discount bonds; high coupons indicate premium bonds. |
| Effective Duration | Option-adjusted sensitivity of the bond portfolio to interest-rate changes, in years. A duration of 6 means roughly a 6% price decline if rates rise one percentage point. The most-requested bond risk number. |
| Effective Maturity | Average time to maturity of the bonds held, in years, adjusted for expected calls and prepayments. |
| Modified Duration | Rate sensitivity of the bond portfolio in years, computed without adjusting for embedded options. Compare with Effective Duration to gauge option exposure. |
| Yield to Maturity | The annualized return the bond portfolio would earn if every bond were held to maturity at today’s prices. A forward-looking income measure, unlike trailing yields. |
| FOLDER: ETF & Fund Profile | |
| Average Credit Quality (Code) | Morningstar’s numeric average credit quality code for the bond portfolio: lower codes mean higher credit quality (government/AAA), higher codes mean lower-rated holdings. Exposed as the raw code pending the official code-to-letter dictionary. |
| Bond Style Box | Morningstar’s two-dimensional bond classification: credit quality (High / Medium / Low) crossed with interest-rate sensitivity (Limited / Moderate / Extensive). |
| Capital Gain Distribution Frequency | How often the fund distributes realized capital gains to shareholders. |
| Commodity Tracking | Yes when the fund tracks commodities (metals, energy, agriculture) rather than securities. Commodity funds can have unusual tax treatment (K-1s, collectibles rates). |
| Dividend Distribution Frequency | How often the fund distributes income to shareholders (Monthly, Quarterly, Annually, …). |
| Leverage Reset Frequency | How often a leveraged or inverse fund resets its leverage. Daily-reset products compound away from their multiple over long holds and are designed for short-term trading. |
| Single Country Fund | Yes when the fund concentrates in a single country’s market. Single-country funds carry concentrated political and currency risk. |
| Swap-Based | Yes when the fund gains its exposure through swap contracts rather than holding the underlying securities, which introduces counterparty risk. |
| Tax Managed | Yes when the fund is explicitly managed to minimize taxable distributions. |
| Tax-Cost Ratio (1-Year) | Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing year, for an investor in the highest federal bracket. Lower is better in taxable accounts. |
| Tax-Cost Ratio (3-Year) | Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing three years, for an investor in the highest federal bracket. |
| Tax-Cost Ratio (5-Year) | Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing five years, for an investor in the highest federal bracket. |
| Taxable Bond Fund | Yes when the fund’s bonds generate federally taxable interest; No for municipal funds whose income is generally tax-exempt. |
| FOLDER: Per Share | |
| Total Distribution Per Share | The total cash distributed per share over the trailing 12 months — regular dividends plus special dividends and capital-gain distributions. The all-in counterpart to Forward Dividend Per Share, which counts only the regular indicated dividend. (Applies to Stocks, ETFs, and Funds) |
| FOLDER: Price | |
| Premium/Discount (1-Month Avg) | Average gap between the ETF’s market price and its net asset value over the past month. Positive means buyers paid a premium over the value of the holdings; negative means the ETF traded at a discount. |
| Premium/Discount (1-Year Avg) | Average gap between the ETF’s market price and its net asset value over the past year. Persistent premiums mean you overpay buying; persistent discounts shortchange you selling. |
| Premium/Discount (1-Year High) | Largest premium to net asset value at which the ETF traded over the past year. |
| Premium/Discount (1-Year Low) | Deepest discount to net asset value at which the ETF traded over the past year. |
| FOLDER: Returns | |
| Capital Gain Return (1-Year) | The portion of the fund’s trailing 1-year total return that came from price appreciation and capital-gain distributions rather than income. |
| Income Return (1-Year) | The portion of the fund’s trailing 1-year total return that came from income distributions rather than price appreciation. |
| FOLDER: Returns vs. Peers | |
| Return Rank in Category (1-Year) | Where the fund’s trailing 1-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst). |
| Return Rank in Category (3-Year) | Where the fund’s trailing 3-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst). |
| Return Rank in Category (5-Year) | Where the fund’s trailing 5-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst). |
| FOLDER: Risk | |
| Tracking Error (1-Year) | Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing year. Near zero means a faithful index fund; large values mean the fund behaves differently than its index. |
| Tracking Error (3-Year) | Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing three years. Near zero means a faithful index fund. |
| Tracking Error (5-Year) | Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing five years. |
| FOLDER: Valuation | |
| SEC 30-Day Yield | The standardized yield all funds must compute the same way: the last 30 days of interest and dividend income, net of expenses, annualized. The best number for comparing fund income because it reflects current holdings and current rates. |
| SEC 30-Day Yield (Unsubsidized) | The SEC 30-day yield before fee waivers and expense reimbursements. A gap below the subsidized yield means the advisor is propping up income with waivers that may expire. |
| Total Distribution Yield | The trailing 12-month yield from ALL cash distributions — regular dividends plus special dividends and capital-gain distributions — divided by the current price. Unlike Dividend Yield and TTM Yield (which count only regular dividends), this incorporates all distributions. (Applies to Stocks, ETFs, and Funds) |