ProShares Short Downside Deviation
| DOG ETF | | | USD 22.91 0.01 0.04% |
Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target. Below is ProShares Short's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
At 1.12, ProShares Short exhibits moderate price variability in Downside Deviation. This places ProShares Short within the typical volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 1.12 | |
Downside Deviation Peers Comparison
Among sector peers, ProShares Short's Downside Deviation of 1.12 is below the 2.93 group average. The range runs from 0.5496 (VictoryShares Multi Factor Minimum) to 11.53 (Direxion Daily South). ProShares Short has exhibited less price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for ProShares Short and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation 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.
ProShares Short records a Downside Deviation of
1.12 and a Maximum Drawdown of
4.63 , yielding roughly
4.12 units of Maximum Drawdown per Downside Deviation. This indicates Maximum Drawdown is significantly higher than Downside Deviation for ProShares Short.
Methodology, Assumptions & Data Sources
ProShares Short's Downside Deviation currently stands at 1.12. This Downside Deviation reading for ProShares Short results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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