Percentile Rank

Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.

For example, if an investment’s total return absolute rank is 20 in a category of 200 investments, its percentile rank is 0.1. It’s calculated by taking the absolute rank and dividing it by the number of investments in the category. This is also considered ascending percentile rank.