In the world of finance and investment, understanding the performance of a portfolio is crucial for investors seeking to make informed decisions. Among the many metrics available, one that stands out for its ability to provide valuable insights is “upside capture.” This metric sheds light on how well a portfolio or investment strategy performs during periods of market growth, offering investors a deeper understanding of its potential for generating positive returns. Upside capture, also known as “up-market capture,” is a statistical measure used to analyze how well an investment portfolio performs relative to a benchmark index during periods of positive market returns. In simpler terms, it gauges a portfolio’s ability to capture gains when the market is on an upward trajectory. This metric provides investors with a unique perspective on the portfolio’s ability to capitalize on favorable market conditions. The calculation of upside capture involves comparing the portfolio’s returns during positive market periods to those of a chosen benchmark index. The formula for upside capture is as follows: Upside Capture = (Portfolio Return in Up-market / Benchmark Return in Up-market) * 100 An upside capture