VANGUARD TARGET Downside Variance
| VLXVX Fund | | | USD 43.82 0.76 1.76% |
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 VANGUARD TARGET's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
At 0.8681, VANGUARD TARGET exhibits low price variability in Downside Variance. This places VANGUARD TARGET at the lower end of the volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.8681 | |
| 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
VANGUARD TARGET falls below the 0.89 peer average for Downside Variance. T Rowe Price leads at 1.88 while Trowe Price Retirement registers the lowest at 0.3551. VANGUARD TARGET 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 Vanguard Target 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.
VANGUARD TARGET's Maximum Drawdown of
3.89 runs about
4.48 times its Downside Variance of
0.87 . This indicates Maximum Drawdown is significantly higher than Downside Variance for VANGUARD TARGET.
Methodology, Assumptions & Data Sources
VANGUARD TARGET has a current Downside Variance reading of 0.8681. The Downside Variance for VANGUARD TARGET is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
Other Technical Indicators