Actual Return The actual gain or loss of an investor. This can be expressed in the following formula: expected return (ex-ante) plus the effect of firm-specific and economy-wide news. Investopedia Says: As opposed to expected return, actual return is what investors actually receive from their investments. The discrepancy between actual and expected return is due to systematic and unsystematic risk. Related Terms: Abnormal Return Average Return Dividend Adjusted Return Ex-Ante Ex-Post Expected Return Systematic Risk Unsystematic Risk |