AXS Knowledge Downside Deviation
Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target. Below is AXS Knowledge's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
With Downside Deviation at 1.17, AXS Knowledge shows moderate price variability. This places AXS Knowledge within the typical volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 1.17 | |
Downside Deviation Peers Comparison
The peer group averages 1.24 for Downside Deviation, with AXS Knowledge at 1.17 falling below that level. Readings span 0.5367 (VictoryShares) to 3.67 (Direxion Daily Industrials). AXS Knowledge has exhibited less price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for AXS Knowledge and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation 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.
AXS Knowledge shows nearly
4.63 of Maximum Drawdown per unit of Downside Deviation (
1.17 versus
5.39 ). This indicates Maximum Drawdown is significantly higher than Downside Deviation for AXS Knowledge.
Methodology, Assumptions & Data Sources
AXS Knowledge has a current Downside Deviation reading of 1.17. The Downside Deviation for AXS Knowledge applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. 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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