Relative performance
Risk & psychologyReturn measured against a benchmark rather than in absolute terms.
In plain terms
Your returns are absolute; your feelings about them are relative. Choose the comparison deliberately.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Return measured against a benchmark rather than in absolute terms.
Your returns are absolute; your feelings about them are relative. Choose the comparison deliberately.