United States Semi Deviation

United States 3x Oil Fund -- USA Etf  

USD 30.14  0.08  0.27%

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United States 3x Oil Fund has current Semi Deviation of 3.32. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
United States 
Semi Deviation 
=  
SQRT(SV) 
 = 
3.32
SQRT =   Square root notation
SV =   United States semi variance of returns over selected period

Semi Deviation Comparison

United States 3x Oil Fund is rated third in semi deviation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  5.12  of Maximum Drawdown per Semi Deviation. The ratio of Maximum Drawdown to Semi Deviation for United States 3x Oil Fund is roughly  5.12 
Semideviation is the square root of semi variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect three times the daily change in percentage terms of the price of a speci... more
NameUnited States 3x Oil Fund
Macroaxis Advice
InstrumentUSA Etf ETF Directory
ExchangeArchipelago Exchange
CurrencyUSD - US Dollar
IssuerUS Commodity Funds
DescriptionUnited States 3x Oil Fund
Inception Date2017-07-19
BenchmarkCrude Oil - NYMEX traded near month light sweet crude oil future
Entity TypePartnership
Asset Under Management2.9 Million
Average Trading Valume1,687
Asset TypeCommodities
CategoryEnergy
FocusCrude Oil
Market ConcentrationBlended Development
RegionGlobal
AdministratorBrown Brothers Harriman & Co.
CustodianBrown Brothers Harriman & Co.
DistributorALPS Distributors, Inc.
Portfolio ManagerRay W. Allen, John P. Love
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
ExchangeNYSE Arca, Inc.
Number of Constituents17.0
Market MakerVirtu Financial
Total Expense1.84
Management Fee1.35