ProShares SAMPP Variance
| ISPY ETF | | | 47.73 0.79 1.68% |
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 ProShares SAMPP's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 0.7971, ProShares SAMPP exhibits low price variability in Variance. This places ProShares SAMPP at the lower end of the volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 0.7971 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Relative to peers, ProShares SAMPP's Variance is below the group average of 0.8. Peer readings range from 0.2212 (Innovator Equity Power) to 4.68 (iShares SAMPP GSCI), reflecting wide dispersion across the sector. ProShares SAMPP 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 ProShares SAMPP 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.
ProShares SAMPP's Maximum Drawdown of
3.66 runs about
4.59 times its Variance of
0.80 . This indicates Maximum Drawdown is significantly higher than Variance for ProShares SAMPP.
Methodology, Assumptions & Data Sources
The current Variance for ProShares SAMPP is 0.7971. The Variance for ProShares SAMPP is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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