BlackRock Industry Downside Variance
| INRO ETF | | | 34.98 -0.18 -0.51% |
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 BlackRock Industry's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 0.9264 for BlackRock Industry signals low price variability. This places BlackRock Industry at the lower end of the volatility range for ETF.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.9264 | |
| 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 1.63 for Downside Variance, with BlackRock Industry at 0.9264 falling below that level. Readings span 0.4112 (Kraneshares Hedgeye Hedged) to 3.18 (Clough Select Equity). BlackRock Industry 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 BlackRock Industry 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.
BlackRock Industry shows nearly
4.54 of Maximum Drawdown per unit of Downside Variance (
0.93 versus
4.20 ). This indicates Maximum Drawdown is significantly higher than Downside Variance for BlackRock Industry.
Methodology, Assumptions & Data Sources
BlackRock Industry's Downside Variance currently stands at 0.9264. BlackRock Industry's Downside Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. 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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