IShares MSCI Downside Variance

MCHI ETF  USD 58.73  0.02  0.03%   
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 MSCI's current Downside Variance with peer comparisons and related risk metrics.

Current Downside Variance Value

The Downside Variance of 0 for IShares MSCI indicates low price variability. This places IShares MSCI at the lower end of the volatility range for ETF.

Downside Variance

 = 

SUM(RET DEV)2

N(ER)

 = 
0
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

Downside Variance Relative To Other Indicators

The chart below plots Downside Variance against Maximum Drawdown for IShares MSCI 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.
Compare IShares MSCI to Peers

Methodology, Assumptions & Data Sources

The current Downside Variance for IShares MSCI is 0. This Downside Variance reading for IShares MSCI results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. 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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