Touchstone ETF Downside Variance
| TUSI ETF | | | USD 25.34 0.01 0.04% |
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 Touchstone ETF's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
The current Downside Variance of 0.0091 places Touchstone ETF at low price variability. This places Touchstone ETF at the lower end of the volatility range for ETF.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.0091 | |
| 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
Relative to peers, Touchstone ETF's Downside Variance is below the group average of 0.51. Peer readings range from 0.0116 (BNY Mellon ETF) to 2.04 (Morgan Stanley ETF), reflecting wide dispersion across the sector. Touchstone ETF has exhibited less 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 Touchstone ETF 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.
At
0.01 for Downside Variance and
0.71 for Maximum Drawdown, Touchstone ETF's cross-indicator ratio sits almost
78.27 . This indicates Maximum Drawdown substantially exceeds Downside Variance for Touchstone ETF.
Methodology, Assumptions & Data Sources
Touchstone ETF's Downside Variance currently stands at 0.0091. This Downside Variance reading for Touchstone ETF results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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