Fidelity Disruptive Variance
| FDFF ETF | | | 33.69 -0.22 -0.65% |
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 Fidelity Disruptive's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Fidelity Disruptive's Variance of 2.03 reflects moderate price variability. This places Fidelity Disruptive within the typical volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 2.03 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Among sector peers, Fidelity Disruptive's Variance of 2.03 is below the 13.06 group average. The range runs from 0.0999 (FundX Investment Trust) to 107.41 (PortfolioPlus Emerging Markets). Fidelity Disruptive 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 Fidelity Disruptive 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.
Fidelity Disruptive records a Variance of
2.03 and a Maximum Drawdown of
5.97 , yielding roughly
2.93 units of Maximum Drawdown per Variance. This indicates Maximum Drawdown is significantly higher than Variance for Fidelity Disruptive.
Methodology, Assumptions & Data Sources
The current Variance for Fidelity Disruptive is 2.03. Fidelity Disruptive's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. 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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