Fidelity MSCI Variance
| FENY ETF | | | USD 31.32 -0.62 -1.94% |
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 MSCI's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Fidelity MSCI carries a Variance of 2.1, consistent with moderate price variability. This places Fidelity MSCI within the typical volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 2.1 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Fidelity MSCI's Variance of 2.1 falls above the 1.23 peer average. Values range from 0.4555 (SPDR MSCI USA) to 2.86 (iShares MSCI Spain), with wide dispersion across the group. Fidelity MSCI has exhibited greater 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 MSCI 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 MSCI's Maximum Drawdown of
6.48 runs about
3.08 times its Variance of
2.10 . This indicates Maximum Drawdown is significantly higher than Variance for Fidelity MSCI.
Methodology, Assumptions & Data Sources
Fidelity MSCI's Variance currently stands at 2.1. The Variance for Fidelity MSCI is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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