Fidelity Emerging Downside Deviation
| FDEM ETF | | | USD 36.51 -0.06 -0.16% |
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 Fidelity Emerging's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
Fidelity Emerging registers a Downside Deviation of 1.63, reflecting moderate price variability. This places Fidelity Emerging within the typical volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 1.63 | |
Downside Deviation Peers Comparison
Fidelity Emerging falls above the 1.15 peer average for Downside Deviation. Columbia Emerging Markets leads at 1.73 while Fidelity Covington Trust registers the lowest at 0.7624. Fidelity Emerging has exhibited greater 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 Fidelity Emerging 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.
Fidelity Emerging shows nearly
3.89 of Maximum Drawdown per unit of Downside Deviation (
1.63 versus
6.33 ). This indicates Maximum Drawdown is significantly higher than Downside Deviation for Fidelity Emerging.
Methodology, Assumptions & Data Sources
Fidelity Emerging has a current Downside Deviation reading of 1.63. The Downside Deviation for Fidelity Emerging is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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