Innovator MSCI Downside Deviation 
EJUL  USA Etf  USD 25.23 0.19 0.75% 
Symbol 
 =  0.4128 
SQRT  =  Square root notation 
DV  =  Downside Variance of returns over selected period 
Downside Deviation Comparison
Innovator MSCI Emerging Markets Power Buffer ETF is rated below average in downside deviation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about 3.70 of Maximum Drawdown per Downside Deviation. The ratio of Maximum Drawdown to Downside Deviation for Innovator MSCI Emerging Markets Power Buffer ETF is roughly 3.70
It is the square root of the probabilityweighted squared belowtarget returns. The squaring of the belowtarget returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of most private investors.Downside Deviation 

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Risk Adjusted Performance  0.0332  
Market Risk Adjusted Performance  (0.1)  
Mean Deviation  0.2575  
Semi Deviation  0.2799  
Downside Deviation  0.4128  
Coefficient Of Variation  1694.58  
Standard Deviation  0.3657  
Variance  0.1338  
Information Ratio  (0.31)  
Jensen Alpha  0.0247  
Total Risk Alpha  (0.05)  
Sortino Ratio  (0.27)  
Treynor Ratio  (0.11)  
Maximum Drawdown  1.53  
Value At Risk  (0.56)  
Potential Upside  0.6496  
Downside Variance  0.1704  
Semi Variance  0.0784  
Expected Short fall  (0.34)  
Skewness  (0.045057)  
Kurtosis  1.01 
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