Vanguard Growth Downside Variance
| VWUAX Fund | | | USD 196.17 3.24 1.68% |
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 Growth's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
At 1.85, Vanguard Growth's Downside Variance indicates moderate price variability. This places Vanguard Growth within the typical volatility range for Vanguard Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 1.85 | |
| 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 Growth's Downside Variance of 1.85 falls above the 1.3 peer average. Values range from 0.6441 (Vanguard Windsor Ii) to 1.87 (Schwab International Equity), with moderate dispersion across the group. Vanguard Growth has exhibited greater 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 Growth 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 Growth's Maximum Drawdown of
5.17 runs about
2.80 times its Downside Variance of
1.85 . This indicates Maximum Drawdown is significantly higher than Downside Variance for Vanguard Growth.
Methodology, Assumptions & Data Sources
The current Downside Variance for Vanguard Growth is 1.85. The Downside Variance for Vanguard Growth is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Vanguard Growth operates in the large growth sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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