---
title: Exposure Adjusted Net Return
description: Exposure Adjusted Net Return measures the return relative to Net Exposure. E
---

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# Exposure Adjusted Net Return

![](https://www.allocator.com/hubfs/image-png-Nov-25-2022-02-52-24-2150-PM.png)

Exposure Adjusted Net Return measures the return relative to Net Exposure.

Net Exposure involved in the calculation may be derived from Long and Short Exposure if not directly provided by the manager. 

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