Invesco BulletShares Variance
| BSMZ ETF | | | 25.53 0.03 0.12% |
Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean. Below is Invesco BulletShares's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Invesco BulletShares carries a Variance of 0.0852, consistent with low price variability. This places Invesco BulletShares at the lower end of the volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 0.0852 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Invesco BulletShares's Variance of 0.0852 falls below the 2.54 peer average. Values range from 0.0146 (Northern Funds) to 22.26 (KraneShares 2x Long), with wide dispersion across the group. Invesco BulletShares has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for Invesco BulletShares and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Invesco BulletShares's Maximum Drawdown of
1.66 runs about
19.50 times its Variance of
0.09 . This indicates Maximum Drawdown substantially exceeds Variance for Invesco BulletShares.
Methodology, Assumptions & Data Sources
The current Variance for Invesco BulletShares is 0.0852. Variance for Invesco BulletShares is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
Other Technical Indicators