VanEck Semiconductor Semi Variance
| SMH ETF | | | USD 566.54 26.44 4.90% |
Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level. Below is VanEck Semiconductor's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
VanEck Semiconductor carries a Semi Variance of 2.96, consistent with moderate price variability. This places VanEck Semiconductor within the typical volatility range for ETF.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 2.96 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
The peer group averages 1.25 for Semi Variance, with VanEck Semiconductor at 2.96 falling above that level. Readings span 0.6087 (Schwab Broad Market) to 1.99 (Vanguard Small Cap Growth). VanEck Semiconductor has exhibited greater price dispersion than the peer average over the measured period.
Semi Variance Relative To Other Indicators
The chart below plots Semi Variance against Maximum Drawdown for VanEck Semiconductor and its peers. Each point represents one equity — position along the horizontal axis shows Semi 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.
At
2.96 for Semi Variance and
9.96 for Maximum Drawdown, VanEck Semiconductor's cross-indicator ratio sits almost
3.37 . This indicates Maximum Drawdown is significantly higher than Semi Variance for VanEck Semiconductor.
Methodology, Assumptions & Data Sources
VanEck Semiconductor's Semi Variance currently stands at 2.96. The Semi Variance for VanEck Semiconductor 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. 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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