{"id":29758,"date":"2023-12-07T08:39:05","date_gmt":"2023-12-07T08:39:05","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chi-so-tong-thu-nhap-total-return-index-tri-la-gi.html"},"modified":"2023-12-23T06:10:24","modified_gmt":"2023-12-22T23:10:24","slug":"chi-so-tong-thu-nhap-total-return-index-tri-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chi-so-tong-thu-nhap-total-return-index-tri-la-gi.html","title":{"rendered":"Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp (Total Return Index – TRI) l\u00e0 g\u00ec?"},"content":{"rendered":"
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\u1ea2nh minh h\u1ecda: S&P Dow Jones Indices<\/p>\n<\/figcaption><\/figure>\n

Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span><\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span><\/b> trong ti\u1ebfng Anh l\u00e0 Total Return Index, <\/b>vi\u1ebft t\u1eaft l\u00e0 TRI.<\/b><\/p>\n

Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span><\/b> l\u00e0 m\u1ed9t lo\u1ea1i ch\u1ec9 s\u1ed1 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu \u0111\u1ec3 theo d\u00f5i m\u1ee9c t\u0103ng v\u1ed1n c\u1ee7a m\u1ed9t nh\u00f3m c\u1ed5 phi\u1ebfu theo th\u1eddi gian v\u1edbi gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng b\u1ea5t k\u00ec s\u1ef1 ph\u00e2n ph\u1ed1i ti\u1ec1n m\u1eb7t n\u00e0o, ch\u1eb3ng h\u1ea1n nh\u01b0 c\u1ed5 t\u1ee9c s\u1ebd \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0 tr\u1edf l\u1ea1i v\u00e0o ch\u1ec9 s\u1ed1. B\u1eb1ng c\u00e1ch gi\u1ea3 \u0111\u1ecbnh c\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0, b\u1ea1n s\u1ebd t\u00ednh to\u00e1n m\u1ed9t c\u00e1ch c\u00f3 hi\u1ec7u qu\u1ea3 c\u00e1c c\u1ed5 phi\u1ebfu kh\u00f4ng ph\u00e1t h\u00e0nh c\u1ed5 t\u1ee9c trong nh\u00f3m.\u00a0<\/p>\n

Gi\u1ea3i th\u00edch kh\u00e1i ni\u1ec7m Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span><\/font><\/h3>\n

Ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span> c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 ch\u00ednh x\u00e1c h\u01a1n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p kh\u00f4ng t\u00ednh to\u00e1n c\u00e1c ho\u1ea1t \u0111\u1ed9ng li\u00ean quan \u0111\u1ebfn c\u1ed5 t\u1ee9c ho\u1eb7c ph\u00e2n ph\u1ed1i c\u1ed5 phi\u1ebfu. Ch\u1eb3ng h\u1ea1n nh\u01b0 c\u00e1c ph\u01b0\u01a1ng ph\u00e1p t\u1eadp trung ho\u00e0n to\u00e0n v\u00e0o l\u1ee3i su\u1ea5t h\u00e0ng n\u0103m.\u00a0<\/p>\n

V\u00ed d\u1ee5, m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 cho ta bi\u1ebft l\u1ee3i su\u1ea5t h\u00e0ng n\u0103m l\u00e0 4% c\u00f9ng v\u1edbi vi\u1ec7c t\u0103ng gi\u00e1 c\u1ed5 phi\u1ebfu l\u00e0 6%. Trong khi l\u1ee3i su\u1ea5t ch\u1ec9 l\u00e0 s\u1ef1 ph\u1ea3n \u00e1nh m\u1ed9t ph\u1ea7n c\u1ee7a t\u0103ng tr\u01b0\u1edfng tr\u01b0\u1edbc \u0111\u00f3, t\u1ed5ng l\u1ee3i nhu\u1eadn s\u1ebd bao g\u1ed3m c\u1ea3 l\u1ee3i su\u1ea5t v\u00e0 gi\u00e1 tr\u1ecb t\u0103ng c\u1ee7a c\u1ed5 phi\u1ebfu \u0111\u1ec3 th\u1ea5y m\u1ee9c t\u0103ng tr\u01b0\u1edfng 10%. N\u1ebfu c\u00f9ng trong m\u1ed9t ch\u1ec9 s\u1ed1 m\u00e0 ph\u1ea3n \u00e1nh vi\u1ec7c l\u1ed7 4% thay v\u00ec t\u0103ng 6% gi\u00e1 c\u1ed5 phi\u1ebfu th\u00ec t\u1ed5ng l\u1ee3i nhu\u1eadn s\u1ebd l\u00e0 0%.<\/p>\n

Ch\u1ec9 s\u1ed1 c\u1ed5 phi\u1ebfu 500 c\u1ee7a Standard & Poor l\u00e0 m\u1ed9t v\u00ed d\u1ee5 v\u1ec1 ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span>. C\u00e1c ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span> ho\u1ea1t \u0111\u1ed9ng theo m\u1ed9t m\u00f4 h\u00ecnh t\u01b0\u01a1ng t\u1ef1 trong \u0111\u00f3 c\u00f3 nhi\u1ec1u qu\u0129 t\u01b0\u01a1ng h\u1ed7 ho\u1ea1t \u0111\u1ed9ng, l\u00e0 n\u01a1i t\u1ea5t c\u1ea3 c\u00e1c kho\u1ea3n thanh to\u00e1n b\u1eb1ng ti\u1ec1n m\u1eb7t \u0111\u01b0\u1ee3c t\u1ef1 \u0111\u1ed9ng t\u00e1i \u0111\u1ea7u t\u01b0 tr\u1edf l\u1ea1i v\u00e0o qu\u0129. M\u1eb7c d\u00f9 h\u1ea7u h\u1ebft c\u00e1c ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span> \u0111\u1ec1 c\u1eadp \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 d\u1ef1a tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu, nh\u01b0ng c\u0169ng c\u00f3 c\u00e1c ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span> kh\u00e1c cho tr\u00e1i phi\u1ebfu gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng t\u1ea5t c\u1ea3 c\u00e1c kho\u1ea3n ti\u1ec1n l\u00e3i tr\u1ea3 theo n\u0103m v\u00e0 s\u1ef1 mua l\u1ea1i \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0 th\u00f4ng qua vi\u1ec7c mua th\u00eam tr\u00e1i phi\u1ebfu trong m\u1ee5c ch\u1ec9 s\u1ed1.<\/p>\n

Kh\u00e1c bi\u1ec7t gi\u1eefa L\u1ee3i nhu\u1eadn v\u1ec1 gi\u00e1 v\u00e0 Qu\u0129 ch\u1ec9 s\u1ed1 t\u1ed5ng thu nh\u1eadp<\/span><\/b><\/font><\/h3>\n

T\u1ed5ng l\u1ee3i nhu\u1eadn t\u01b0\u01a1ng ph\u1ea3n v\u1edbi l\u1ee3i nhu\u1eadn v\u1ec1 gi\u00e1 (Price Return). Vi\u1ec7c bao g\u1ed3m c\u1ed5 t\u1ee9c t\u1ea1o n\u00ean m\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 trong l\u1ee3i nhu\u1eadn c\u1ee7a qu\u0129, \u0111i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c ch\u1ee9ng minh b\u1eb1ng hai v\u00ed d\u1ee5 n\u1ed5i b\u1eadt nh\u1ea5t:<\/p>\n

V\u00ed d\u1ee5 \u0111\u1ea7u ti\u00ean<\/b> l\u00e0, m\u1ee9c l\u1ee3i nhu\u1eadn v\u1ec1 gi\u00e1 c\u1ee7a\u00a0SPDR S&P 500 ETF\u00a0(SPY) k\u1ec3 t\u1eeb khi \u0111\u01b0\u1ee3c gi\u1edbi thi\u1ec7u v\u00e0o n\u0103m 1993 l\u00e0 544% cho \u0111\u1ebfn th\u00e1ng 2 . Tuy nhi\u00ean, t\u1ed5ng thu nh\u1eadp (g\u1ed3m c\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0) \u0111\u00e3 t\u0103ng 931,2%.<\/p>\n

V\u00ed d\u1ee5 th\u1ee9 hai<\/b>, ch\u1ec9 s\u1ed1 c\u00f4ng nghi\u1ec7p trung b\u00ecnh Dow Jones trong 10 n\u0103m k\u1ebft th\u00fac v\u00e0o th\u00e1ng 3 c\u0169ng c\u00f3 m\u1ee9c l\u1ee3i nhu\u1eadn v\u1ec1 gi\u00e1 l\u00e0 98,65%, trong khi t\u1ed5ng l\u1ee3i nhu\u1eadn t\u0103ng l\u00ean t\u1edbi 163,98%.<\/p>\n

Kh\u00e1i ni\u1ec7m C\u00e1c qu\u0129 ch\u1ec9 s\u1ed1<\/font><\/h3>\n

C\u00e1c qu\u0129 ch\u1ec9 s\u1ed1 l\u00e0 s\u1ef1 ph\u1ea3n \u00e1nh c\u1ee7a ch\u1ec9 s\u1ed1 m\u00e0 ch\u00fang d\u1ef1a tr\u00ean. V\u00ed d\u1ee5: m\u1ed9t qu\u0129 ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c li\u00ean li\u00ean quan \u0111\u1ebfn S&P 500 c\u00f3 th\u1ec3 c\u00f3 m\u1ed9t trong s\u1ed1 c\u00e1c ch\u1ee9ng kho\u00e1n c\u00f3 m\u1eb7t trong m\u1ee5c ch\u1ec9 s\u1ed1, ho\u1eb7c c\u00f3 th\u1ec3 bao g\u1ed3m nh\u1eefng ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c coi l\u00e0 m\u1eabu \u0111\u1ea1i di\u1ec7n cho to\u00e0n b\u1ed9 hi\u1ec7u su\u1ea5t c\u1ee7a ch\u1ec9 s\u1ed1.<\/p>\n

M\u1ee5c \u0111\u00edch c\u1ee7a m\u1ed9t qu\u0129 ch\u1ec9 s\u1ed1 l\u00e0 \u0111\u1ec3 ph\u1ea3n \u00e1nh ho\u1ea1t \u0111\u1ed9ng, ho\u1eb7c s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a ch\u1ec9 s\u1ed1, c\u00f3 ch\u1ee9c n\u0103ng nh\u01b0 l\u00e0 th\u01b0\u1edbc \u0111o chu\u1ea9n c\u1ee7a n\u00f3. V\u1ec1 \u0111i\u1ec1u n\u00e0y, c\u00e1c qu\u0129 ch\u1ec9 s\u1ed1 ch\u1ec9 y\u00eau c\u1ea7u vi\u1ec7c qu\u1ea3n l\u00ed th\u1ee5 \u0111\u1ed9ng khi c\u1ea7n \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 gi\u00fap qu\u0129 ch\u1ec9 s\u1ed1 theo k\u1ecbp v\u1edbi ch\u1ec9 s\u1ed1 li\u00ean quan. V\u1edbi c\u00e1c y\u00eau c\u1ea7u qu\u1ea3n l\u00ed \u1edf m\u1ee9c th\u1ea5p h\u01a1n, ph\u00ed li\u00ean quan \u0111\u1ebfn c\u00e1c qu\u0129 ch\u1ec9 s\u1ed1 c\u00f3 th\u1ec3 th\u1ea5p h\u01a1n so v\u1edbi c\u00e1c kho\u1ea3n ph\u00ed \u0111\u01b0\u1ee3c qu\u1ea3n l\u00ed m\u1ed9t c\u00e1ch ch\u1ee7 \u0111\u1ed9ng h\u01a1n. Ngo\u00e0i ra, m\u1ed9t qu\u0129 ch\u1ec9 s\u1ed1 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 r\u1ee7i ro th\u1ea5p v\u00ec n\u00f3 c\u00f3 m\u1ee9c \u0111\u1ed9 \u0111a d\u1ea1ng cao.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ch\u1ec9 s\u1ed1 t\u1ed5ng l\u1ee3i nhu\u1eadn (ti\u1ebfng Anh: Total Return Index, vi\u1ebft t\u1eaft: TRI) l\u00e0 m\u1ed9t lo\u1ea1i ch\u1ec9 s\u1ed1 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu \u0111\u1ec3 theo d\u00f5i m\u1ee9c t\u0103ng v\u1ed1n c\u1ee7a m\u1ed9t nh\u00f3m c\u1ed5 phi\u1ebfu theo th\u1eddi gian v\u1edbi gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng b\u1ea5t k\u00ec s\u1ef1 ph\u00e2n ph\u1ed1i ti\u1ec1n m\u1eb7t n\u00e0o.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29758"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29758"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29758\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}