IShares Telecommunicatio Downside Variance
| IYZ ETF | | | USD 42.07 -0.34 -0.80% |
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 IShares Telecommunicatio's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 1.82 for IShares Telecommunicatio signals moderate price variability. This places IShares Telecommunicatio within the typical volatility range for ETF.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 1.82 | |
| 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 1.44 for Downside Variance, with IShares Telecommunicatio at 1.82 falling above that level. Readings span 0.9913 (iShares Morningstar Small Cap) to 2.22 (iShares Basic Materials). IShares Telecommunicatio has exhibited greater 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 IShares Telecommunicatio 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.
IShares Telecommunicatio's Maximum Drawdown of
7.16 runs about
3.93 times its Downside Variance of
1.82 . This indicates Maximum Drawdown is significantly higher than Downside Variance for IShares Telecommunicatio.
Methodology, Assumptions & Data Sources
IShares Telecommunicatio's Downside Variance currently stands at 1.82. IShares Telecommunicatio'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. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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