Fidelity Dividend Downside Variance
| FDRR ETF | | | USD 64.13 0.84 1.33% |
Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target. Below is Fidelity Dividend's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 0.7846 for Fidelity Dividend signals low price variability. This places Fidelity Dividend at the lower end of the volatility range for ETF.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.7846 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Downside Variance Peers Comparison
The peer group averages 1.77 for Downside Variance, with Fidelity Dividend at 0.7846 falling below that level. Readings span 0.8145 (Harbor PanAgora Dynamic) to 4.09 (Franklin FTSE Taiwan). Fidelity Dividend has exhibited less price dispersion than the peer average over the measured period.
Downside Variance Relative To Other Indicators
The chart below plots Downside Variance against Maximum Drawdown for Fidelity Dividend and its peers. Each point represents one equity — position along the horizontal axis shows Downside 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 Dividend's Downside Variance reads
0.78 while Maximum Drawdown reads
3.95 , a
5.03 ratio between the two. This indicates Maximum Drawdown substantially exceeds Downside Variance for Fidelity Dividend.
Methodology, Assumptions & Data Sources
Fidelity Dividend's Downside Variance currently stands at 0.7846. The Downside Variance for Fidelity Dividend applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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