Global X Coefficient Of Variation
| SDEM ETF | | | USD 33.20 0.38 1.16% |
Coefficient of Variation (CV) is a normalized measure of dispersion that relates volatility to expected return, making it a useful indicator of risk per unit of return. It is also referred to as relative standard deviation when expressed as a percentage. Below is Global X's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
Global X has a Coefficient Of Variation of 2152.69, indicating high dispersion relative to expected return — volatility substantially exceeds the return signal. The magnitude of this value is unusually large in absolute terms, suggesting an unstable or weak relationship between risk and return, often driven by low or near-zero expected returns.
Coefficient Of Variation | = | STDER |
| = | 2152.69 | |
Coefficient Of Variation Peers Comparison
The peer group averages 2843.41 for Coefficient Of Variation, with Global X at 2152.69 falling below that level. Readings span -1079.5082 (Invesco MSCI Global) to 21137.62 (iShares MSCI United). Relative to peers, Global X shows more consistent returns per unit of risk.
Coefficient Of Variation Relative To Other Indicators
The chart below plots Coefficient Of Variation against Maximum Drawdown for Global X and its peers. Each point represents one equity — position along the horizontal axis shows Coefficient Of Variation 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.
Global X shows nearly
0.002 of Maximum Drawdown per unit of Coefficient Of Variation (
2,153 versus
4.38 ). This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for Global X. The spread between Coefficient Of Variation and Maximum Drawdown for Global X MSCI sits at
491.69 Methodology, Assumptions & Data Sources
Global X's Coefficient Of Variation currently stands at 2152.69. The Coefficient Of Variation for Global X applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. 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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