Fidelity MSCI Coefficient Of Variation
| FENY ETF | | | USD 31.33 0.01 0.03% |
Coefficient of Variation (CV) is a normalized measure of dispersion that relates volatility to expected return, making it a useful indicator of risk per unit of return. It is also referred to as relative standard deviation when expressed as a percentage. Below is Fidelity MSCI's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
The current Coefficient Of Variation of 931.96 places Fidelity MSCI at high dispersion relative to expected return — volatility substantially exceeds the return signal. The magnitude of this value is unusually large in absolute terms, suggesting an unstable or weak relationship between risk and return, often driven by low or near-zero expected returns.
Coefficient Of Variation | = | STDER |
| = | 931.96 | |
Coefficient Of Variation Peers Comparison
Fidelity MSCI's Coefficient Of Variation of 931.96 falls below the 2944.17 peer average. Values range from 1235.26 (Fidelity MSCI Industrials) to 5982.67 (Fidelity MSCI Consumer), with wide dispersion across the group. Relative to peers, Fidelity MSCI shows more consistent returns per unit of risk.
Coefficient Of Variation Relative To Other Indicators
The chart below plots Coefficient Of Variation against Maximum Drawdown for Fidelity MSCI and its peers. Each point represents one equity — position along the horizontal axis shows Coefficient Of Variation 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 MSCI's Maximum Drawdown of
6.48 runs about
0.01 times its Coefficient Of Variation of
931.96 . This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for Fidelity MSCI. At
143.75 , Fidelity MSCI Energy's Coefficient Of Variation-to-Maximum Drawdown multiple reflects the spread between these metrics
Methodology, Assumptions & Data Sources
The current Coefficient Of Variation for Fidelity MSCI is 931.96. Fidelity MSCI's Coefficient Of Variation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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